THE UBER OF THE ELECTRICITY INDUSTRY
Resilience aims to become the Uber of the electricity industry, turning UK homes into personal power stations by enabling homeowners to produce, store and sell renewable energy via a managed service and app. We asked Founder & CEO Loic Hares to tell us more …
Our mission is to become the largest decentralised renewable energy generator in the UK and shake-up the monopoly of the ‘big six’. Our core philosophy is to put the customer at the centre of our solution. We’ve designed our platform to ensure that customer savings are prioritised – the value of the electricity generated by the customer will always be higher than the price at which it is sold back to the grid. This also ensures that our customers use the clean energy they generate, rather than it being sold back to the grid for a low price. Homeowners could cut their electricity bills by up to 80% and become energy self-sufficient.
What inspired you to create Resilience Energy?
I’ve worked in the energy retail industry for the past 10 years. In the past four years, I’ve specialised in bringing new innovative suppliers into the market. I believe that these new suppliers will find it difficult to change the future of the energy system as they are wedded to the idea that control must be retained by the supplier.
By looking at the energy system in a completely different way, and by using the knowledge I’ve gained working on the forefront of the energy industry, I believe that we’ve created a solution to help support the growing electrification of our everyday lives. Why carry on giving money to large energy companies who do not want change, when you can generate all the energy you need, and save money while doing so?
What are the issues that Resilience Energy helps to address?
Our need for electricity is increasing – by 2025, peak demand could swell by 25%. Electric vehicle ownership alone is predicted to rise to 36 million by 2040, which will put intense pressure on the grid. Measures brought in to shake up the energy industry to date haven’t had the impact required to meet the change in electricity demand. This year alone we’ve seen electricity companies announce price increases of up to 12%. As demand outstrips supply, the problem is set to worsen, making it increasingly hard for the UK to meet its carbon reduction target.
At Resilience, we believe we’ve developed a system to help tackle these problems. Not only will homeowners be able to generate all the clean electricity they need, they’ll be able to sell the excess back to the National Grid to help it balance its supply.
How does the Resilience Energy approach help the environment, people and wildlife?
We’re seeking to make clean energy generation easier, more viable and appealing to UK homeowners, who will have more reasons to ditch fossil fuels to power their homes. We hope that our system will see more and more people switch to using renewable energy, which will help to preserve our environment.
Why do you think this is a good approach to tackling climate change and energy production?
Resilience will help the UK to meet its stretching carbon reduction targets. We’ll do so by reducing our customers’ reliance on the traditional methods of generating power and by helping the National Grid to balance its supply without having to rely on carbon-emitting power plants.
How do you see the future of energy developing – will large scale power stations be obsolete as we all generate our own energy?
We see the future of the energy industry moving towards a peer-2-peer energy network where customers will be able to buy excess energy generated by their neighbours, and where customers will be able to store green energy and use it when it is needed. With this infrastructure in place, the need for large scale power stations will become obsolete as smaller, greener local generators spread across the national network.
What next for Resilience Energy?
We want to make sure that our solution evolves with technology, the market and changing regulations. As the lives of our customers become further electrified with the introduction of electric vehicles and electric heating, we will ensure that our system adopts these new technologies and continues to save customers as much money as possible.
Where can we find out more in UK?
For more information, please visit our website: www.resilienceenergy.co.uk. Potential customers can also see our system in action and meet the team at our demo site in the BRE innovation Park, just outside of Watford. Just let us know when you’re coming so we can stick the kettle on!
Website: resilienceenergy.co.uk
Facebook: @resilienceenergy
Twitter: @ResEnergy2day