It’s my pleasure to announce that we have reached an agreement for Shell to purchase Limejump in a deal that will enable both companies to accelerate the UK’s energy systems transition to a zero-carbon and cleaner future.
Limejump welcomes its acquisition by Shell London, February 27, 2019 Shell* has agreed to acquire Limejump Ltd, a UK based energy technology company. With this deal Limejump’s technology and management team will enable both companies to continue to take steps to support the UK energy system’s transition to a lower carbon future.
Joe McDonald, Vice President of Sales at Limejump has been recognised for his commercial acumen in the fourth Forbes 30 Under 30 2019 award selection for Europe.
Limejump secures the majority of the fully Dynamic Volume awarded in the January month ahead tender, continuing their dominant trend in FFR Auctions
Limejump’s success, with 57% of the fully Dynamic volume awarded, provided contracts for all units bid.
Limejump has achieved a new milestone for their Virtual Power Platform (VPP) as the energy tech leader begins supplying electricity to power Philip Dennis Foodservice food storage infrastructure.
Energy tech leader Limejump has enjoyed further FFR auction success, highlighting the increasing role flexible energy sources have to play in the UK energy markets. Limejump was selected to provide 49MW of the total 53MW selected in the Fully Dynamic FFR Tender, 92% of the total Dynamic volume awarded in the latest auction.
Limejump Dominates FFR Auction Results, Claiming 84% of the Fully Dynamic Volume Awarded in October’s Tender
Limejump’s success in National Grid’s most recent auction continues to provide distributed sources of energy generation with access to potentially revenue-generating markets. These encouraging results illustrate that renewable generation not only creates a better environment, it also provides business opportunities for developers to achieve ROI.
Energy markets have undergone significant changes in just a few years. Gone are the days when the country relied on large power plants to supply energy to households. Just ten years ago, coal-fired power plants supplied 34% of the UK’s electricity. But this has plummeted to just 6.7% in 2017, as the government’s pledge to force unabated coal power off the UK grid by 2025 bites. Generation from renewable sources meanwhile hit 29%.
It's been a big week here at Limejump so far and we have another surprise for you. A visual look at out Virtual Power Plant.
Limejump enters the UK Balancing Mechanism Market increasing competition with the Big 6 and other major power plants
Smaller generators, Demand Response Sites and Battery Storage can now access the National Grid Balancing Mechanism market through Limejump’s advanced technology.
Energy tech leader Limejump has announced the additions of Sameer Vartak joining as Chief Technology Officer and Dan Perrett as their new Finance Director.