Upside Energy was founded in the UK in 2014 with the aim of using advanced algorithms and artificial intelligence to manage and monetize very large portfolios of diversified and distributed energy assets. The company was acquired by Octopus Energy in November of 2020.

Their cloud-based platform can connect with a multitude of devices across commercial, industrial and domestic sites. This includes battery storage systems, electric vehicle charge points, UPS and heating and cooling systems. The solution uses advanced algorithms and artificial intelligence to match energy demand with the available supply, helping the electricity grid deal with fluctuations and times of peak usage. Supporting the grid in this way opens the doors to additional revenue streams for customers, who also benefit from significant reductions in energy costs and carbon emissions. The platform can manage demand response for more than 100,000 devices running in parallel.

SAAS offering to energy companies and in addition a SAAS+ offering to manufacturers where they also provide energy market access.

• Range of devices covered (battery storage systems, electric vehicles, UPS and heating and cooling systems)
• Real-time data and advanced forecasting services
• Opportunity to enter energy markets or just provide asset aggregation

Working in the cloud and in real-time, the Upside Platform can respond to market signals and act in consequence as the energy system evolves giving customers immediate visibility of their energy usage and device performance and identifying opportunities as they emerge.