The measurable.energy founding team
UK-based measurable.energy, which designs and manufactures AI-powered plug sockets that reduce electricity costs, has secured £4 million (US$5.2 million) in a new investment round.
Vertex Exploratory Fund, a fund under Vertex Holdings (a wholly-owned subsidiary of Temasek), co-led the round along with existing investor and UK-based cleantech VC firm Clean Growth Fund.
Other participants in the round include existing investors Bonheur ASA/Fred Olsen, The RO Group, Vectr7, and Roger Ferguson, a former economic adviser to President Barack Obama and a former Vice-Chair of the US Federal Reserve.
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The investment will accelerate the company’s growth in the UK and international markets ahead of its anticipated Series B fundraising in 2025.
Vertex Exploratory Fund will help measurable.energy expand its presence overseas, particularly in Southeast Asia.
measurable.energy offers a smart plug socket equipped with proprietary hardware and AI-driven software to tackle the significant energy drain from small devices — those appliances that remain plugged in and running even when they’re not in use.
In offices, plug power accounts for up to 40 per cent of total electricity usage and around half of it gets wasted. The startup’s technology aims to tackle this.
Its smart sockets are equipped with sensors and communication technology that automatically identify and monitor the usage patterns of connected devices. They use machine learning to analyse when plug-power devices are idle or inactive. This analysis helps determine usage patterns and when power consumption can be safely turned off.
The smart socket automatically turns off power for devices not in use (and backs them on when they are). This eliminates unnecessary energy consumption without requiring user manual intervention.
By stopping the power flow to inactive devices, measurable. energy’s solution helps users save on their energy bills, reduce overall power consumption, and lower carbon emissions.
measurable.energy’s main business lies within the construction and commercial real estate sectors, with growing demand from the public sector, hospitality, university campuses and NHS hospitals.
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Shang-Wei Chow, Managing Director (Investment) at Vertex Exploratory Fund said: “The Vertex Exploratory Fund actively seeks out disruptive frontier technologies with climate as one of the core themes in our investment strategy. measurable.energy stood out as one of the most promising startups in the UK in the climate space, offering a low-touch, intuitive, and compliance-ready solution that effectively reduces power waste. The company is at the forefront of providing the tools necessary to drive positive change and the Vertex Exploratory Fund is proud to partner with them on this journey.”
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