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Source: Forbes.com
UK based machine learning start-up Verv executed the UK’s first physical energy trade on the blockchain in April 2018. Now it’s partnering with Ocean Protocol to develop its longer term goal, an energy information marketplace. Verv sits in a unique position in the blockchain energy market. As its COO Maria McKavanagh says, the long term goal...
Source: The Times
The global energy industry is facing fundamental shifts in the way it generates, sells and distributes power. The pressure is on to cut carbon emissions and, as a result, methods must be found to manage the increasing gigawatts of unpredictable, weather-dependent renewable energy flowing on to power grids. The cost of electricity is also a...
Source: Photograph: Andrew Butterton/Alamy c/o The Guardian
The home of the future looks an increasingly attractive place to live this week, after millions of households received the unwelcome news that their energy bills were going up again. Switching supplier is one quick fix to rising bills. But in the long run, industry players say the answers may lie in a coming revolution in how we use energy in...
Source: cryptoslate.com
The world is rapidly turning to renewable energy and it’s going to see communities empowered. In the UK, renewables produce more than 20 percent of the UK’s electricity, and EU targets mean that this is likely to increase to 30 percent by 2020.
Source: Yahoo Finance
Frankfurt-based decentralized venture capital group Iconiq Lab announces its latest addition to its ICO accelerator program – Verv, the machine-learning startup behind the VLUX token. This new addition comes in as a move to acknowledge and further the universal need for renewable energy through Verv's peer to peer energy trading platform, as...
Source: Getty C/o CityAM
The firm is currently conducting a trial at Hackney's Banister House Estate with hopes of seeing customers' energy bills fall while it creates an "almost self-sustaining community". Thirteen block of flats on the housing estate have been fitted with solar panels, and using Verv's trading platform energy is allocated to residents based on...
Source: Utility Week
Blockchain is often spoken about, but few companies have taken the plunge and are actually using it. Utility Week rounds up some of the blockchain pioneers who are already exploring the benefits the technology could have in their sector or for their business, and who are even beginning to implement it.
Source: Free Electrons
Free Electrons, the first global energy startup accelerator program, that connects the world’s most promising energy startups with leading utility companies, just selected the 15 teams that will now join the acceleration program. The United States, with 3 startups, Portugal and the United Kingdom with 2 each, are the biggest contributors to...
Source: standard.co.uk
Energy bills are a necessary evil: you can’t live without energy but it’s difficult when the prices keep going up and up. But, where there’s a problem, tech wants to offer a solution. There’s a raft of start-ups on the scene that are here to tackle how we approach energy and Verv is one to watch.
Source: theguardian.com
The Roupell Park estate in Brixton, south London, is home to (along with around 3,000 people) two community renewable energy schemes. One is a multi-million pound combined heat and power (CHP) system which began burning both EU and council money in 2004, yet remains non-operational 10 years on. The other is 52kWp of roof-top solar panels...
Source: Tokens24.com
Verv aims to encourage the use of renewable energy, and its production by prosumers, by enabling peer to peer energy trading. VLUX tokens are used on Verv’s end to end renewable energy trading solution which combines deep learning AI with blockchain. Furthermore, hardware devices placed in peoples’ homes, collect data and use AI to lower...
Source: iota-news.com
Machine learning startup Verv, currently conducting an Initial Token Offering for its VLUX token, has announced a partnership with blockchain-based data sharing ecosystem, Ocean Protocol, as it looks to create a new data marketplace for energy and beyond.
Source: Engerati
Transactive energy projects are growing with the emergence of technologies such as peer-to-peer trading platforms, flexibility aggregation and blockchain. While having the potential to bring tangible benefits to individual participants, such as the opportunity to monetise a home generation system or to source electricity at low cost, these are...
Source: C/o Edie.net
The UK has been ranked seventh in the latest bi-annual Renewable Energy Country Attractiveness Index (RECAI) from consultancy EY, up from 10th in the last index, to a position they last held in 2014. EY reports that the UK investment environment had settled in recent months as the market adapted following a plethora of cuts to subsidies and...
Source: C/o Bannister House Hackney
Excess solar power generated by a community solar power array at the Banister Housing Estate in Hackney, a London borough, was sent to a nearby residential structure using blockchain technology. It was the UK’s first energy trade using blockchain. One kilowatt-hour of solar electricity was sent using technology made by Verv, a UK smart energy...
Source: Verv
From power generation and distribution to customer engagement, the entire energy system is moving towards digitization, decentralization and being data-driven. This presents huge opportunities for tech firms to, for example, help build IoT enabled smart energy efficient cities and decentralised energy systems, where neighbours can trade...
Source: Shutterstock
As more and more blockchain projects flood the market, investors have become accustomed to the task of filtering out scam projects from those that actually build on the tech. As Verv founder and CEO Peter Davies puts it, “The most disappointing [thing about cryptocurrency]is the amount of scams drowning out real projects that could have a...
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At Green Running, maintaining the privacy of your data is of utmost importance to us. Keeping your confidential data secure and in your control is central to how we run our business. We will only share it with others if we have you explicit permission, or if we have anonymised or aggregated it such that your information is not personally identifiable.
This policy outlines the data we collect, how we use it and your rights. If you have any questions feel free to contact us at info@greenrunning.com.
How we’ll protect and use information about you
This section outlines how we use the information we collect about you in your dealings with us.
We’ll meet the standards set out in the Data Protection Act whether or not you become a customer.
We collect information about you in a few different ways; you might give it to us, we might collect it through our dealings with you, or it might be collected from the Verv hub, mobile app or our website(s).
We might also get it from companies that offer databases of information.
If we significantly change the information we ask for, or the way we use it, we will let you know.
How we can use your information
We can use your information to do the following:
Give you the services you’ve asked for Offer you services, accounts and products
We may use an automated scoring system to help us choose what to offer you. That system will use information from credit-reference agencies and other companies.
We may use this information to do the following:
Contact you for feedback on how we can improve the way we manage your account and provide you with services. Perform analysis, create statistics and test computer systems. The information and analysis can include your household members, your lifestyle and your income. It can also include the way you use energy. We can use our analysis to create profiles and marketing opportunities. Help prevent and detect fraud, debt and loss. Help us keep you, your family and your household safe, healthy and secure. Help us train our staff. Contact you in any way about products and services we (and our selected partners) are offering. This can include by email, phone and text message, as well as any other form of electronic communication (such as through the Verv app on your mobile device). It can also include visiting you. We can record and monitor any of your communications with us, including telephone conversations and emails, to make sure we’re giving you a good service and meeting our regulatory and legal responsibilities. If we contact you to tell you about offers, when possible we’ll do it the way you’ve told us you’d prefer to get marketing information. If you no longer have an account with us, or if you don’t use our products any more, we can still keep your information. We can then contact you to tell you about offers, from us and other companies, that might interest you. You can ask us not to tell you about offers whenever you like. Just get in touch with us and give us your account details.
Sharing your information with other organisations
We can let other people and organisations use our information about you. We and those other people and organisations can use information about you for the following purposes:
To provide services you’ve asked for. This can mean giving information to members of your family or household. It could also mean giving information to anyone acting on your behalf, other people who might be interested, or those who introduced you to Verv (such as a landlord or letting agent). As part of the process of selling one or more of our businesses. To help prevent and detect debt, fraud or loss. This can include giving information about you to a credit reference agency. To transfer some or all of a debt you have to another organisation. To take part in any data-sharing initiatives run by the Government, regulators or the industry (for example, initiatives meant to reduce fuel poverty, where people can’t afford to pay for electricity, or those to help groups of vulnerable customers). To provide information for legal or regulatory purposes (for example, if Ofgem, another regulator or a lawyer asks for it). In any current or future legal action.
Some of our work may be carried out outside the European Economic Area (EEA), and so might the organisations or people we share your information with. Therefore your information could be moved to countries that don’t have the UK’s standards or protection for personal information. If that happens, we’ll make sure there are adequate safeguards. We will still collect, store and use your personal information the way we have explained in this policy.
Information you give us about other people
If you give us information on behalf of someone else, you confirm you’ve given them the information in this policy document, you also confirm that they’ve given permission for us to use their personal information as described here.
If you give us sensitive information about yourself or other people, you agree we can use that information as we’ve described in this contract. That sensitive information could include, for example, health details or details of household members’ criminal convictions.
If you give us sensitive information about someone else, you confirm that they have agreed we can use the information as we’ve described in this contract.
VLUX logo are trademarks of Green Running Ltd. Registered in England No. 07179872. The registered office of Green Running Ltd. is: Carpenter House Innovation Centre, Broad Quay, Bath, BA1 1UD.
How you can see the information we have about you
You’re entitled to a copy of the information we hold about you, and to ask us to correct any inaccurate information.
We can charge you a small fee for providing a copy of the information we hold. For more information, please contact our Privacy Team by writing to them at: Carpenter House Innovation Centre, Broad Quay, Bath, BA1 1UD
At Green Running (of which VLUX by Verv is a subsidiary), maintaining the privacy of your data is of utmost importance to us. Keeping your confidential data secure and in your control is central to how we run our business. We will only share it with others if we have you explicit permission, or if we have anonymised or aggregated it such that your information is not personally identifiable.
This privacy policy notice is for this website; www.vlux.io and served by Green Running Ltd, Carpenter House, Broad Quay, Bath, BA1 1UD and governs the privacy of those who use it. The purpose of this policy is to explain to you how we control, process, handle and protect your personal information while browsing or using this website, including your rights under current laws and regulations. If you do not agree to the following policy you may wish to cease viewing / using this website.
If you have any questions feel free to contact us at privacy@verv.energy.
We are registered with the ICO under the Data Protection Register, our registration number is: ZA228394
Under the GDPR your rights are as follows. You can read more about your rights in details here;
You also have the right to complain to the ICO at www.ico.org.uk if you feel there is a problem with the way we are handling your data.
We handle subject access requests in accordance with the GDPR.
We collect information about you in a few different ways;
This section outlines how we use the information we collect about you in your dealings with us.
We’ll meet the standards set out in the Data Protection Act 1998 and the General Data Protection Regulation 2018 whether or not you become a customer.
If we significantly change the information we ask for, or the way we use it, we will let you know.
How we can use your information
We may use your information to do the following:
We may use an automated scoring system to help us choose what to offer you. That system will use information from credit-reference agencies and other companies.
We may use this information to do the following:
We can let other people and organisations use our information about you. We and those other people and organisations can use information about you for the following purposes:
Some of our work may be carried out outside the European Economic Area (EEA), and so might the organisations or people we share your information with. Therefore your information could be moved to countries that don’t have the UK’s standards or protection for personal information however steps will be taken to ensure that these organisations comply with GDPR. If that happens, we’ll make sure there are adequate safeguards. We will still collect, store and use your personal information the way we have explained in this policy.
If you install a Verv product in the home of a third party such as a friend or family member to monitor their electricity usage behaviour remotely, they must consent that they agree to the installation and sharing of their data with you. This will be handled via the Verv app or interface. They agree for us to use their personal information as described here and that they consent to this contract.
If you give us sensitive information about yourself or other people, you agree we can use that information as we’ve described in this contract. That sensitive information could include, for example, health details that you provide.
You’re entitled to a copy of the information we hold about you, ask us to correct any inaccurate information or be removed from our systems entirely.
For more information, please contact our Privacy Team by writing to them at:
FAO Privacy Team / COO
Verv
St Magnus House
3 Lower Thames Street
London
EC3R 6HD
You can also email privacy@verv.energy
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Some cookies are required to enjoy and use the full functionality of this website and users may experience difficulties or problems with the site functionality if all cookies are not enabled.
We use a cookie control system which allows you to accept the use of cookies, and control which cookies are saved to your device / computer. Some cookies will be saved for specific time periods, where others may last indefinitely. Your web browser should provide you with the controls to manage and delete cookies from your device, please see your web browser options.
Cookies that we use are;
We ensure the security of any personal information we hold by using secure data storage technologies and precise procedures in how we store, access and manage that information. Our methods meet the GDPR compliance requirement.
We have provided some further explanations about user privacy and the way we use this website to help promote a transparent and honest user privacy methodology.
Our websites may contain links to third party sites where relevant to the content on our site. The content of the third party site will be relevant to the content on our own, however in some cases, links may be updated by third parties without us being notified. We do not control what appears on third party sites and are not responsible for their content. When browsing these sites you are subject to the sites own privacy and data policies.
Under the GDPR we use the consent lawful basis for anyone subscribing to our newsletter or marketing mailing list. We only collect certain data about you, as detailed in the “Processing of your personal data” above. Any email marketing messages we send are done so through an email marketing service provider (EMS). An EMS is a third party service provider of software / applications that allows marketers to send out email marketing campaigns to a list of users. In our case, we use customer.io.
Email marketing messages that we send may contain tracking beacons / tracked clickable links or similar server technologies in order to track subscriber activity within email marketing messages. Where used, such marketing messages may record a range of data such as; times, dates, I.P addresses, opens, clicks, forwards, geographic and demographic data. Such data, within its limitations will show the activity each subscriber made for that email campaign.
Any email marketing messages we send are in accordance with the GDPR and the PECR. We provide you with an easy method to withdraw your consent (unsubscribe) or manage your preferences / the information we hold about you at any time. See any marketing messages for instructions on how to unsubscribe or manage your preferences.
Our EMS provider is; www.customer.io. We hold the following information about you within our EMS system;
VLUX by Verv and the VLUX by Verv logo are trademarks of Green Running Ltd. Registered in England No. 07179872. The registered office of Green Running Ltd. is: Carpenter House Innovation Centre, Broad Quay, Bath, BA1 1UD.
For more information, please contact our Privacy Team by writing to them at:
FAO Privacy Team / COO
Verv
St Magnus House
3 Lower Thames Street
London
EC3R 6HD
You can also email privacy@verv.energy
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I confirm I am an accredited investor and want to proceed to the full VLUX website containing the whitepaper
I AgreeVerv, the AI-based smart hub was created.
Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).
Verv started researching blockchain-based energy trading.
Verv CEO & Founder won Innovator of the year at the Business Green Technology Awards and was named one of the top 50 entrepreneurs in the last 15 years by SETSquared.
Verv started gathering real home electricity data for energy trading trials.
Verv was one of a handful of companies in the UK selected to be on Launchpad, Google’s global startup program, as well as Amazon’s Launchpad.
Verv received a £150k grant from BEIS’ Energy Entrepreneur's fund to simulate its blockchain based peer-to-peer energy trading solution across the UK.
Raised £1.1million via equity raise on Crowdcube.
Verv is implementing a p2p trial site located in Hackney, London, UK alongside Repowering London aiming to reduce energy bills of residents and start trading surplus energy. Public Blockchain - Transactions expected to be made visible on the Ethereum public Testnet (Ropsten).
UK's first p2p energy trade on the blockchain executed at Banister House Estate in Hackney, during Verv's live p2p field trial. More advanced electrical generation and consumption prediction algorithms expected to be introduced into live system. Planned deployment of Verv’s combined three channel CAD units. With regards to blockchain, the plan is to transition to a private permissioned blockchain, minimising the carbon footprint of the blockchain solution.
Planned roll out of the energy trading platform to early adopters for trial. Scheduled beta test of Macro Blockchain - a blockchain of blockchains containing digests of transactions anticipated to be rolled out to our trial sites.
Planned integration of the energy trading platform into the new generation of Verv hubs, scheduled for public roll-out in 2019. Planned establishment of International system.
Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.
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