Ecosummit TV: James Johnston pitches Open Utility at ECO13 London. The London-based smart green startup was accelerated by Bethnal Green Ventures in 2013 and recently entered Open Data Institute‘s startup programme. Open Utility creates an online marketplace for buying and selling distributed renewable energy. The idea is that energy consumers can buy electricity directly from local energy producers. However, wholesale energy markets were never designed for millions of independent producers. As a first step, Open Utility launched their website to help electricity producers sell their export power by getting quotes for a PPA (Power Purchase Agreement) from utilities. We believe that Open Utility’s vision of a peer-2-peer energy marketplace makes a lot of sense and recommend that you put the startup on your watchlist, too.

The ECO13 London presentation slides of James are available as PDF.

Tags: Bethnal Green Ventures, Distributed Energy, ECO13 London, Ecosummit London 2013, Energy Marketplace, James Johnston, ODI, Online Marketplace, Open Data Institute, Open Utility, Pitch, renewable energy, Smart Green Startup