Pearlstone provides a cloud-based platform for commercial and industrial businesses to automate Demand Side Response, enabling them to reduce electricity consumption during peak demand periods. This solution generates new revenue streams while supporting the National Grid's efforts to balance energy supply and demand, contributing to measurable progress towards Net Zero goals.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commercial and industrial businesses face challenges in managing electricity consumption during peak demand, leading to increased costs and strain on the energy grid. Traditional methods for Demand Side Response (DSR) often require significant upfront investment and infrastructure changes.
Solution
Pearlstone offers a cloud-based Virtual Integrated Building (ViB) platform that automates Demand Side Response for commercial and industrial businesses, enabling them to reduce electricity consumption during peak demand periods without upfront costs or infrastructure investment. The platform analyzes energy data to identify patterns and estimate potential financial and carbon reduction benefits. By automatically managing DSR across multiple sites, Pearlstone helps businesses generate new revenue streams and supports the National Grid's efforts to balance energy supply and demand. The solution facilitates measurable progress towards Net Zero goals by adapting to increasing energy demand, declining traditional generation sources, and the unpredictable nature of renewable energy.
Target Audience
The primary target audience includes commercial and industrial businesses seeking to reduce electricity costs, generate revenue through Demand Side Response, and achieve Net Zero goals.
Features
- Cloud-based platform for automated Demand Side Response management
- Energy evaluation analysis to identify patterns and estimate financial and carbon reduction benefits
- Site surveys to produce and agree on a flexibility strategy
- Automated management of DSR across multiple sites
- Integration with the National Grid to support energy supply and demand balance
- Reporting on progress towards Net Zero goals