Piclo’s mission is to decarbonise the grid. We develop software solutions that make our energy networks smarter, flexible and more sustainable. Piclo Max, our market access platform, enables flex sellers (such as EV and battery owners) to access all electricity markets from one place. Piclo Flex, our flexibility services marketplace, enables flex buyers (system operators) to source flexible electricity from flex sellers during times of high demand or low supply.
To date, Piclo has over 350,000 registered flexible assets representing 26+ GW of registered flex capacity, with flexibility contracts awarded totalling £75m and 3+ GW of flexible capacity procured.
Piclo currently operates in six global markets: in the UK, supporting all six Distribution System Operators (UK Power Networks, SP Energy Networks, Electricity North West, Northern Powergrid, Scottish and Southern Electricity Networks and National Grid Electricity Distribution); and the independent System Operator (NESO); in Ireland (ESB Networks), Italy (E-Distribuzione), Portugal (E-REDES)); in Australia (CitiPower, Powercor); and in the United States in New York State (National Grid) and Connecticut (United Illuminating). Aside from its leading position in the UK, Piclo has a growing presence in Europe, USA and the Asia-Pacific.
Our marketplace drives increased participation, standardisation and scale to level the playing field and streamline the transition to Net Zero.
We place humans at the core of our design process, understanding the challenges with flexibility procurement in order to reduce the friction involved.
We facilitate competitive auctions, meaning Flex Providers bid to win contracts, ensuring the best price is secured.
EDP Ventures are the venture capital arm of EDP, investing in early-stage tech startups working in the energy space and willing to impact the life of millions of people. EDP Ventures support and stimulate the open innovation process in the energy sector, challenging our own business units to continually look for bold solutions.
Future Energy Ventures is the venture capital investment and collaboration platform of E.ON. It invests in digital and digitally-enabled technologies and business models that have the potential to redefine the future energy landscape. Typically focusing on digital, scalable and asset-light companies raising Series A and beyond funding, Future Energy Ventures seeks to capitalise on the investment opportunities presented by the transition to a new energy future and maximise scaling opportunities for its portfolio.
The Clean Growth Fund was launched in May 2020, with cornerstone investment from the UK Government’s Department of Business, Energy & Industrial Strategy (BEIS) and CCLA, one of the UK's largest charity fund managers with £10bn of assets under management.
The Fund is investing in the UK’s most promising early-stage “clean growth” companies that are pioneering carbon emission reductions in the areas of power and energy, buildings, transport and waste. It made its first investment in Piclo in December 2020.
Toshiba Energy Systems & Solutions Corporation is a leading supplier of integrated energy solutions. With its long experience and expertise in wide range of power generating and transmitting systems and energy management technology, the company delivers innovative, reliable and efficient energy solutions across the globe. Split off from Toshiba Corporation (TOKYO: 6502) in October 2017.
Sustainable Future Ventures (SFV) is a multi-LP venture capital fund that invests in technology solutions that positively impact the built environment and enable the transition to net zero. Backed by PATRIZIA, a leading European real estate manager with EUR 59BN AUM, SFV leverages their position to source, test and deliver strategic value-add to its portfolio companies. Current fund investments include a carbon offset marketplace, an electricity flexibility market platform, an alternative form factor heat pump and a single family residence investment platform.
Mott MacDonald Ventures, the strategic corporate venture capital arm of global engineering, management and development consultancy Mott MacDonald, was established in 2018 to offer a collaborative approach to partnering with visionary start-ups that develop game-changing digital solutions. Mott MacDonald Ventures provides founders with unparalleled capabilities and access to a global network of diverse clients.
Bethnal Green Ventures is an accelerator programme, early stage investor and support network for ambitious social ventures using technology to tackle the world’s most pressing problems. Since 2008 they have supported over 65 startups including Overleaf, Fairphone and Commonplace.
Japan Energy Fund is a dedicated fund that invests in promising climate tech solutions around the world which have the potential to scale in Japan. We are the only fund from Japan that is purely focused on climate tech and investing in US/European startups.
Green Angel Syndicate (GAS) is one of the largest angel investment syndicates in the UK, and the only one specialising in the fight against Climate Change. GAS believes in smart investments for sustainable change and invests in early stage companies that help to reverse or reduce carbon emissions.