OverviewSuggest Edit

Open Energi is a provider of a demand technology platform that manages electricity consumption in real time. It serves industrial, education, retail, and supply chain, charitable trust, construction, utility, battery energy storage, and public sectors.

TypePrivate
Founded1999
HQLondon, GB
Websiteopenenergi.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Mar 2021)35(-2%)
Revenue (FY, 2018)£416.7 K(-66%)
Cybersecurity ratingAMore

Key People/Management at Open Energi

Tom Saul

Tom Saul

CFO
Michael Bironneau

Michael Bironneau

Technical Director
Ged Holmes

Ged Holmes

Managing Director
Robyn Lucas

Robyn Lucas

Head of Data Science
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Open Energi Office Locations

Open Energi has an office in London
London, GB (HQ)
239 Old Marylebone Rd, Marylebone
London, GB
25 Upper Brook St, Mayfair
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Open Energi Financials and Metrics

Summary Metrics

Founding Date

1999

Open Energi total Funding

$8.5 m

Open Energi latest funding size

$8.05 m

Time since last funding

8 years ago

Open Energi investors

Open Energi's latest funding round in October 2012 was reported to be $8.1 m. In total, Open Energi has raised $8.5 m
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Open Energi Revenue

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Open Energi's revenue was reported to be £416.73 k in FY, 2018
GBP

Revenue (FY, 2018)

416.7k

Gross profit (FY, 2018)

2.4k

Gross profit margin (FY, 2018), %

0.6%

Net income (FY, 2018)

(3.4m)

EBIT (FY, 2018)

(3.8m)

Cash (31-Dec-2018)

2.1m
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

165.7k595.9k764.1k1.3m416.7k

Revenue growth, %

28%64%

Cost of goods sold

361.5k412.1k1.3m1.6m414.3k

Gross profit

(195.8k)183.8k(538.5k)(298.8k)2.4k
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.4m475.3k248.9k4.8m2.1m

Accounts Receivable

120.7k29.1k34.7k131.7k24.2k

Inventories

567.0k630.0k474.4k331.4k356.7k

Current Assets

3.0m1.9m2.2m6.1m3.2m
GBPFY, 2014

Financial Leverage

14.2 x
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Open Energi Operating Metrics

Feb, 2019Sep, 2019

Energy Assets Connected to Date

3.50 k3.50 k

Operational Assets, MW

73

Sites Connected to Date

400 400

Switches With Zero Disruption Carried to Date

60 m
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Open Energi Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

Open Energi Online and Social Media Presence

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Open Energi Blogs

Towards net zero: is battery storage leading the way?

As the UK decarbonises and real time balancing of the electricity system becomes more challenging, battery energy storage will play a crucial role in maintaining a stable system. The UK’s Electricity System Operator, National Grid ESO, has the ambition of operating a zero-carbon electricity system b…

Dynamic Containment – a look into the crystal ball

After the excitement of January, which saw Day-ahead prices of £1,500/MWh and BM prices of £4,000/MWh, it feels strange to go back to writing about the comparatively mundane topic of Dynamic Containment (DC). However, its perhaps easy to forget that current prices of £17/MW/hr (resulting in battery …

Scarcity pricing in the Balancing Mechanism

The last couple of weeks saw some power stations make some bumper profits as cold weather drove scarcity pricing. The greatest profits were made by some large gas (CCGT) plant in the balancing mechanism on Friday 9th and Wednesday 13th January, earning up £4,000/MWh (around 100 times the normal cost…

Zenobe teams up with Open Energi and Erova for automated energy optimisation and trading system

Zenobe Energy is to enter a new battery into the Balancing Mechanism (BM) as part of an optimisation deal with Open Energi and Erova Energy. The companies are to launch what they are lauding as the UK’s first fully automated energy optimisation and trading system at Zenobe’s 10MW battery at the Hill…

What lockdown has taught us about the future electricity system

The post What lockdown has taught us about the future electricity system appeared first on Open Energi.

Manual vs Automated Trading

The post Manual vs Automated Trading appeared first on Open Energi.
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Open Energi Frequently Asked Questions

  • When was Open Energi founded?

    Open Energi was founded in 1999.

  • Who are Open Energi key executives?

    Open Energi's key executives are Tom Saul, Michael Bironneau and Ged Holmes.

  • How many employees does Open Energi have?

    Open Energi has 35 employees.

  • What is Open Energi revenue?

    Latest Open Energi annual revenue is £416.7 k.

  • What is Open Energi revenue per employee?

    Latest Open Energi revenue per employee is £11.9 k.

  • Who are Open Energi competitors?

    Competitors of Open Energi include Voltus, Eliq and Enbala Power Networks.

  • Where is Open Energi headquarters?

    Open Energi headquarters is located at 239 Old Marylebone Rd, Marylebone, London.

  • Where are Open Energi offices?

    Open Energi has an office in London.

  • How many offices does Open Energi have?

    Open Energi has 2 offices.