London, 8 April 2025 – We are delighted that Piclo has been selected by PwC UK for their Net Zero Future50 initiative, which showcases companies who are innovating using climate tech.
The UK has made good progress in decarbonising its energy sector, and the report speaks to the accelerators such as the demand for clean energy and energy security. It comes on the same day that analysis shows that clean energy powered 40% of global electricity in 2024.
James Johnston, CEO and Co-founder said:
“Funding and supporting innovation within the energy sector is not just essential for reaching climate targets, but also for fostering economic growth, creating jobs, and ensuring energy security in the long run. Investing in these solutions is an investment in a sustainable and prosperous future for both the UK and beyond.”
Piclo continues to use the know-how and experience we have developed in the UK to expand globally, matching more buyers and sellers through our flexibility marketplace - enabling EV aggregators, solar and battery VPPs, and DER owners to maximise their revenue potential; and supporting utilities and system operators to modernize their grid.
PwC UK used their AI net zero accelerator to scan the UK market and identify thousands of innovative decarbonisation solutions. It then applied metrics for CO2 emissions reduction potential, technology readiness (TRL), maturity and scalability, and created a shortlist with guidance from PwC UK experts. Finally, PwC’s experts conducted surveys and interviews to select 50 innovators for Net Zero Future50 - and we are excited to be one of those innovators.
To find out more about Piclo’s clients across Europe, US and Australia contact us here.
To read PwC UK’s Net Zero Future50 report: https://pwc.to/41X53Yk.
[This notice was updated on 22nd January, 2025]
Piclo’s mission is to decarbonise the grid. We develop software solutions that make our energy networks smarter, flexible and more sustainable. Our marketplace platform enables flex sellers (such as EV and battery owners) to access more electricity markets from one place. And enables flex buyers (system operators, US utilities) to source flexible electricity from more Distributed Energy Resources.
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, Eversource). Aside from its leading position in the UK, Piclo has a growing presence in Europe, USA and the Asia-Pacific.
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