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355%
Raised
£266,530
Investors
588
Target
£75,000
Equity
8.69%
Pre-money valuation
£2,800,000

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..

  • UK's energy evolution offers big technology investment opportunities
  • Provides multiple revenue streams: transactions, licensing, service
  • Creates shared energy savings and empowerment to the customer
  • The system is scalable from a single home to national level
Information Power Transition has raised £60,000 during their campaign on Crowdcube, which is represented on the progress bar for clarity. This investment is on the same terms as offered to Crowdcube investors and will be spent during the course of the campaign.

Idea

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.

Key milestones:

• 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

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Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube is authorised and regulated by the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV). This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Power Transition has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.