A British technology company which claims it can slash energy bills by as much as 70pc has drafted in influential investment bank Evercore to advise on a £50m funding round. Social Energy has developed an artificial intelligence system which works with residential solar panels and storage batteries to predict when a home will use energy and then trades the excess energy to generate returns. The amount made from selling that energy can then be knocked off people’s energy bills. Evercore will be facilitating meetings between Social Energy and investors this week for its ongoing Series B round, but the technology company said it had already “seen a stronger reaction than had been anticipated”. Cricketer Michael Vaughan and former Asda finance director Ron Scott have already invested in early rounds.
Telegraph 2nd June 2019 read more »