08/10/2024
tem. Raises £10.5M to Scale its Platform That Makes Direct-to-Business Renewable Energy a Reality - The renewable energy sector presents a compelling opportunity for smaller producers. Technological advancements have reduced startup and operational costs, making market entry more feasible. Additionally, large energy conglomerates often overlook small-scale projects such as rooftop solar installations or modest wind farms. For businesses, this landscape offers potential cost savings by bypassing traditional supplier-provided energy, which is typically sold at a large markup on the wholesale market. tem. has developed a platform to capitalize on this opportunity, enabling renewable energy generators to sell their capacity directly to businesses through an automated and scalable system. The platform employs sophisticated matching algorithms to optimize transactions, reducing costs while providing unprecedented traceability. While large corporations have long had the ability to purchase energy directly from generators, tem.'s mission is to extend this option to businesses of all sizes. Participants in the automated marketplace can expect significant benefits. Purchasers may realize an average savings of 25% on their energy costs. Generators also stand to gain from improved pricing, as they are no longer subject to the constraints of wholesale markets dominated by larger players. London TechWatch caught up with tem. CEO and Cofounder Joe McDonald to learn more about the business, the company's strategic plans, latest round of funding, and much, much more…
The renewable energy sector presents a compelling opportunity for smaller producers. Technological advancements have reduced startup and operational costs, making market entry more feasible. Additionally, large energy conglomerates often overlook small-scale projects such as rooftop solar installati...
