Upside Energy, Legal & General’s latest clean energy investment secures government funding for three projects
Upside, the British start-up, backed by Legal & General and SYSTEMIQ, announces government funding for three projects to better connect electric vehicles to the electricity grid.
The grant awarded by Innovate UK will be used to fund Upside’s three projects exploring vehicle-to-grid, these projects include:
‘V2Street’ will earn revenue from customers by providing a service that optimises how they use power between their electric vehicle battery and the local grid. This service will enable the cost effective use of and economic investment in local and national power infrastructure which in turn will facilitate more low carbon energy and electric vehicles to be adopted.