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Smart energy storage system wins investment from Green Angel Syndicate

25/7/2018

 
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Green Angel Syndicate is delighted to announce its latest investment in the award-winning home energy storage company Powervault, with a £280,000 investment as part of a £1 million round.  This is the third investment round in which Green Angel Syndicate has participated. Powervault’s battery based system stores free solar energy and cheap, off-peak electricity from the grid, enabling customers to cut their bills by using stored electricity when it would otherwise be expensive.
Powervault recently won the EDF Energy Blue Lab Challenge, a competition run by the electricity giant to identify the energy innovators with whom it can form a long-term partnership.  Powervault’s smart battery systems are modular in design, have a range of available capacities, and are very easy to retrofit to existing solar PV systems. And with a cloud-based system to monitor and control large groups of them across the UK, Powervault represents a scalable way to decentralise storage.
 
As well as cutting customers’ electricity costs by up to 35%,  Powervault’s system reduces customers’ CO2 emissions by an estimated 0.3 tonnes per year per household, increases their energy independence and reduces their reliance on the national grid. It also provides services to the national and local grids, reducing the load during times of peak demand, providing grid balancing services and reducing the need for capital expenditure.
 Powervault is responding to some of the key trends and needs in the energy sector and it is ideally placed to capitalise on growing consumer awareness. The company is at an exciting juncture and we are delighted to be investors in a company with such wide-reaching potential.
Simon Acland
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Powervault 3. Source: powervault.co.uk
​GAS Director and Chairman of Powervault, Simon Acland, said, “Powervault is responding to some of the key trends and needs in the energy sector and it is ideally placed to capitalise on growing consumer awareness. The company is at an exciting juncture and we are delighted to be investors in a company with such wide-reaching potential .”

​Powervault Managing Director, Joe Warren, said, “Green Angel Syndicate have been very supportive investors for Powervault through three rounds of funding. They are knowledgeable, specialist investors, and have been able to add a lot of value to our business.”

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The content of this webpage should not be construed as financial advice. Any decision to invest should be made only on the basis of the relevant documentation for each investment. Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up and investors may not get back the full amount invested. Investments in small unquoted companies carry an above-average level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Green Angel Syndicate does not provide specific individual advice on the suitability of investments with regard to a potential investor's individual circumstances, risk tolerance or investment objectives and investors should seek independent financial advice if they are in any doubt whether a product is suitable for them. Please Click Here to see the full Risk Warning.

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