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OVO Energy

ovoenergy.com

Founded Year

2009

Stage

Corporate Minority | Alive

Total Raised

$256M

Valuation

$0000 

Last Raised

$256M | 4 yrs ago

About OVO Energy

OVO Energy is an independent supplier of domestic energy in the UK. The company was founded in 2009 and is based in Bristol, England.

Headquarters Location

1 Rivergate Temple Quay

Bristol, England, BS1 6ED,

United Kingdom

+44 0330 303 5063

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Research containing OVO Energy

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CB Insights Intelligence Analysts have mentioned OVO Energy in 1 CB Insights research brief, most recently on Jan 11, 2023.

Expert Collections containing OVO Energy

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OVO Energy is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.

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Latest OVO Energy News

Britons ‘could be paid up to £800 for selling their EV’s energy to the grid’

Jan 24, 2023

Image: Shutterstock Electric vehicle (EV) drivers could shave hundreds of pounds off their energy bills by feeding the surplus energy from their battery into the grid. A consortium of big players, including OVO Energy, Volkswagen UK and smart energy company Indra, has launched a trial to test how the vehicle-to-everything (V2X) technology could benefit customers and companies. V2X technology enables drivers to power their homes with their EVs, transforming their EVs into backup power sources to rely on during blackouts and selling surplus energy back to the grid. Partners said the project will build on the ‘world’s first and largest’ deployment of domestic vehicle-to-grid power by Kaluza’s software and Indra’s hardware that enabled drivers to earn up to £800 for selling energy from their batteries to the grid. Energy and Climate Minister Graham Stuart commented: “We want to make smart charging an easier choice for drivers of EVs, whether that is charging on the driveway, at the workplace, or parked on the street. To do that we need to build new network infrastructure at pace, using the latest available technologies.” Scott Neuman, Chief Executive Officer at Kaluza, said: “V2X will have a transformative effect on decarbonising our energy system but only if we make it accessible and affordable for all.” If you enjoyed this story you can sign up to our weekly email for  Energy Live News  – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the  future Net Zero  newsletter.

OVO Energy Frequently Asked Questions (FAQ)

  • When was OVO Energy founded?

    OVO Energy was founded in 2009.

  • Where is OVO Energy's headquarters?

    OVO Energy's headquarters is located at 1 Rivergate Temple Quay, Bristol.

  • What is OVO Energy's latest funding round?

    OVO Energy's latest funding round is Corporate Minority.

  • How much did OVO Energy raise?

    OVO Energy raised a total of $256M.

  • Who are the investors of OVO Energy?

    Investors of OVO Energy include Mitsubishi Corporation and Mayfair Equity Partners.

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