Smart grid and green energy trading specialist Verv has secured over £6.5m of backing from a group of investors to help expand its presence into global markets, the UK start-up announced today. Environmental fund Earthworm led the Series A fund raise, investing £5m in Verv in support of its plans to use its blockchain-based renewable energy trading technology to drive down average household electricity bills and carbon emissions by more than 20 per cent. Other investors announced today include energy giant Centrica, European green innovation backer InnoEnergy, and crowdfunding platform Crowdcube. Verv conducted the UK’s first peer-to-peer trade of energy on blockchain technology last year at one of its pilot sites in Hackney, East London.
Business Green 10th April 2019 read more »