Power Transition is a specialist cloud-based software and hardware platform that enables peer-2-peer energy trading and microgrid management with superior customer security and very high transactional speeds. The platform can provide its customers with up to 20% energy cost savings vs other methods..
The Power Transition (PT) platform is designed for domestic/global markets and can service the end customers’ needs across the entire energy supply chain. Currently focusing on the UK residential & commercial market of 1.25million meter readings daily, £1.5 billion of customers’ funds annually, and the management of interconnections throughout the UK. Our platform could potentially handle even more transactions by creating real time feeds of all data.
Founded in 2018, PT’s platform uses integrated (IoT) hardware and Distributed Ledger Technology (DLT), our research suggests we can achieve superior tracking of energy production, transmission, storage and consumption. The platform enables processing and management of financial and non-financial transactions.
In 2018 PT raised seed funding, matched by Innovate UK. Funds are being used to develop and deploy its technology in 47 homes in Corby. PT now plans to roll out its platform beyond the microgrid use case and is talking to commercial estates, local authorities, Distributed Network Operators, energy aggregators, and producers.
• Implementing PT integrated Microgrid as a Service platform in houses in Corby and global DLT Network
• Proof of scalability of platform from single home to national grid level
Metrics have been validated by Cardiff University and media coverage includes Innovate UK & Hedera Hashgraph