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We’re on a mission to bring energy bills down to 0. By combining deep learning AI with blockchain, we want to improve access to affordable, green energy through the Verv trading platform and empower consumers to safely and securely monetize their household energy data in order to offset electricity costs.
The AI-based smart hub, Verv, which can obtain a comprehensive and real-time overview of the electricity consumption of a home, forms the basis of our platform. By combining this with blockchain technology, our aim is to provide a secure and transparent ledger through which energy can be traded on a p2p basis and electrical data can be exchanged in a new-form marketplace which empowers the consumer.
Crucially, the specialised AI used in our Verv smart hub provides us with the opportunity to add a unique layer of intelligence to the energy trading process. With an ability to predict the supply and demand of energy of a home, our intention is to ensure trading is done at optimal times, securing the best prices.
As electricity costs continue to rise, we want people with renewable energy sources to be able to sell excess power directly to their neighbours at an affordable cost. We intend to make this possible by using AI forecasts on consumption determined by the Verv hub to trade energy at optimised times.
The industry is seeing a significant increase in the uptake of microgeneration which can be attributed to more affordable pricing. Whilst the trading platform can incentivise consumers to invest in renewable technology, crucially, it provides those without the means to purchase the technology an opportunity to consume green energy at an affordable price directly from their peers.
We believe the Energy industry should not be exempt from the prosumer-led economy. Empowering energy consumers to become prosumers by generating, storing and selling their own energy is very much at the core of our mission as we aim to make the current centralised framework more flexible.
Having partnered with data sharing ecosystem, Ocean Protocol, our aim is to create a new-form marketplace whereby consumers can safely and securely monetize their electrical household data in the form of money off of their energy bills. Consumers will be empowered to sell their data to who they want, for as long as they want, should they choose to take part.
The Verv team are spearheading a number of exciting projects in the p2p energy trading space with the support from multiple government grants and are helping to inform UK regulatory board Ofgem around p2p regulation using the results from its pioneering projects.
In February 2018 we began implementing the UK’s first blockchain-based p2p energy trading community on social housing at Hackney’s Banister House Solar. The field-trial, delivered in collaboration with Repowering London, saw the UK's first p2p physical trade of energy take place in April 2018. The aim is to provide cheaper energy to the community's residents and in turn inform further roll-out across the UK and in turn Europe with a focus on social housing.
Having begun collecting data in early 2017, we began to simulate the Verv p2p solution across the UK in October 2017 using this data. Supported by Innovate UK’s Energy Entrepreneur’s fund, the Verv p2p framework and its AI-based predictions around energy consumption have been developed. These predictions are also being designed to take into account AI prognosis around cloud cover and opacity, using satellite data to anticipate when renewable energy like solar PV will be maximised.
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
We use cookies on this website to provide you with a better user experience. We do this by placing a small text file on your device / computer hard drive to track how you use the website, to record or log whether you have seen particular messages that we display, to keep you logged into the website where applicable, to display relevant adverts or content or referred you to a third party website.
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 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.
We'll keep you posted on our latest news and developments