World : Open Utility secures government funding to develop the "missing piece" in the smart energy system

Software firm Open Utility has secured government funding to develop what it says is the "missing piece" in the transition to a smart energy system.

The Department for Business, Energy and Industrial Strategy (Beis) handed Open Utility £412,500 to go towards developing a new online marketplace for local electricity flexibility trading.

The platform will help distribution network operators (DNOs) manage local smart grids by reducing congestion at specific times and locations, the firm said.

London-based Open Utility, which has been backed by former SSE boss Ian Marchant, and the Department of Energy and Climate Change, received the cash as part of Beis' energy entrepreneurs fund.

 

Source : http://www.cityam.com/274528/open-utility-secures-government-funding-develop-missing

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