Sitigrid Secures Over £750k in Funding for Net Zero Transition

Sitigrid, an energy technology company specialising in matching electricity generators' output with consumers' demand in real-time, is thrilled to announce the successful closure of its latest funding round, raising over £750,000 from a mix of existing and new investors. This significant investment underscores the confidence in Sitigrid’s innovative approach to direct matching of electricity generation to consumption and its contribution towards achieving Net Zero objectives.

Sitigrid’s platform will offer a unique value proposition by enabling direct connections between renewable energy generators and diverse consumers, including businesses, local authorities, and large-scale customers, without necessitating changes to existing industry processes or physical infrastructure. This efficient digital matching system not only supports further investment in low-carbon generation but also assists in alleviating fuel poverty by unlocking additional value that can be shared among participants.

The funds will be instrumental in further developing Sitigrid’s technology and proposition. By working closely with established B2B electricity suppliers, Sitigrid is set to revolutionise the way energy is distributed and consumed, making a significant impact on the journey towards a cleaner, more sustainable future.

“We are immensely grateful for the continued support from our investors, both returning and new, who share our vision for a more sustainable and efficient energy market,” said Jeff Whittingham, CEO of Sitigrid. “This investment not only fuels our growth but also strengthens our resolve to contribute to the Net Zero transition, demonstrating the critical role of innovative solutions in tackling climate change.”

As Sitigrid moves forward, it remains dedicated to its mission of streamlining the energy supply chain, promoting renewable sources, and delivering tangible benefits to generators, consumers, and the environment alike.