Shell has awarded a total of £180,000 of equity free funding to Upside Energy and Aceleron as the national winners of Shell Springboard and Shell LiveWIRE. With a total of £440,000 in funding available in 2017, the programmes are designed to recognise and reward the most innovative UK low-carbon businesses and the most inspirational young sustainability entrepreneurs.
The Shell Springboard and Shell LiveWIRE programmes are designed to support UK entrepreneurs in starting-up and scaling-up innovative businesses that have the potential to accelerate the transition to a sustainable, low-carbon economy.
The 2017 Shell Springboard National Winner, Upside Energy, received a total of £150,000 to support the scale-up and commercialisation of its technology. Upside Energy has developed a cloud-based energy aggregation service that creates a Virtual Energy Store that can be sold to the grid to help balance supply and demand and which helps reduce the need to turn on the older, most polluting and expensive power stations during peak demand times. Upside Energy was chosen from six national finalists, out of a total of 131 applicants to the programme.