After executing the UK’s first physical P2P trade of energy on the blockchain, Verv are joining us to demonstrate how the combined power of AI, IoT and blockchain technology can form a renewable energy trading platform that improves access to affordable, low carbon energy and incentivises the uptake of renewable tech.
For too long, energy systems have been designed by the few and increasing prices have plunged more people than ever before into fuel poverty. If we could redesign this system, what would it look like? Perhaps anyone could become a generator of electricity and be paid a fair price for it? Perhaps through adding artificial intelligence, we could use energy more efficiently and receive a rebate for that? Perhaps we could monetise our consumption data in exchange for money off of our electricity bills? All of this is possible, and more, with the creation of a new energy marketplace, designed with the customer at the center.
Meet Verv - a team of machine learning experts and blockchain specialists who have created a peer-to-peer energy trading platform that will allow those with renewable energy to sell excess directly to their neighbours, thus:
- Reducing the cost of energy
- Improving access to green energy
- Incentivising the uptake of renewable technologies
The platform is based on the Verv IoT smart hub which can sample home energy data at frequencies up to 5 million times greater than traditional smart meters.
Your speaker for this tech talk:
Maria McKavanagh, COO of Verv, was recently nominated for the Computer Weekly top 50 Most Influential Women in Tech. With a background in Field Sales Engineering at National Instruments, she has been responsible for a multi-million pound sales territory across a wide range of industries from Aerospace and Defence to Consumer Electronics.