Market Research Report: Verv Energy

Company Overview

Name

Verv Energy

Mission

Verv Energy's mission is to reduce carbon emissions by unlocking previously untapped energy data to gain new and unique insights into equipment, aiming to reduce energy wastage and emissions, thereby contributing to a more sustainable future.

Foundation

Founded: 2009

By Whom: Not explicitly mentioned

Key People

Peter Davies: Founder & Chairman

James Dearsley: CEO, EMEA

James Strickland: Chief Operating Officer

Amanda Waller: Chief of Staff

Steve Foster: Head of Finance

Le Tai: Data Scientist

Naily Makangu: Technical Product Manager

Michael Morris: Head of Commercial Partnerships

Mark MacLeod: Head of Strategic Partnerships

Rory Pughe-Morgan: Head of Marketing

Headquarters

Sustainable Workspaces, County Hall, Belvedere Road, London, SE1 7PB

Number of Employees

No information is available.

Revenue

No information is available.

Known For

Verv Energy is known for its market-leading IoT technology that aids in the acceleration towards Net Zero carbon emissions. It leverages high-resolution predictive maintenance technology to detect anomalies and improve energy efficiency in HVAC systems.

Products

Overview

Verv offers a range of hardware solutions with integrated AI and data analytics to optimize energy management and predictive maintenance for various appliances, particularly focusing on HVAC systems.

Products Offered

Verv Rotary Isolator

Description: A smart isolator fitted as a single-phase or three-phase unit, replacing standard isolators.

Key Features:

Energy Monitoring

Predictive Maintenance

Like-For-Like Installation

Real-Time Monitoring

Available for Europe, North America, and Middle/Far East

Verv Plug Adapter

Description: Enables monitoring of any appliance from a standard three-pin plug.

Key Features:

Easy Installation

Provides insights across building appliances

Verv Fused Spur

Description: Helps in reducing consumption and optimizing performance of appliances.

Key Features: Coming Soon

Verv Climate Control Device

Description: Allows users to remotely switch their Air-Conditioning units into standby.

Key Features:

Energy and carbon emission reductions

Additional Technology

Patented PCB Board for high-resolution data acquisition

eGenius™ technology for cutting-edge, deep learning algorithms

Recent Developments

New Products

Verv Climate Control Devices: Aimed at reducing energy waste by allowing remote control of air conditioning units to switch them into standby mode when not needed.

New Features

Smart Rotary Isolator: Mitsubishi UK achieved a 32% energy saving using this device.

Partnerships

Mitsubishi Electric: Optimized energy usage in one of their buildings, achieving notable energy savings.

Sustainable Ventures: Deployed Verv solutions for significant cost savings and increased sustainability.

Industry Engagement

Pioneer in utilizing blockchain for energy trading

Multi-award-winning company, participating actively in sustainable energy innovations

Conclusion

Verv Energy is focused on deploying advanced IoT solutions for energy management, emphasizing sustainability and efficiency in HVAC systems. The company's intelligent hardware, coupled with predictive AI, helps reduce carbon footprints for various businesses, fostering a greener and more sustainable future.