equiwatt offers a free consumer app that works with smart meters and compatible devices (heat pumps, batteries and EV chargers) to let householders participate in schemes that reduce grid pressure and earn points redeemable for gift vouchers or charity donations. The company has developed the powerResponse SaaS platform for utility companies and low‑carbon technology manufacturers, which has already been adopted by a major UK energy supplier. powerResponse can also be rolled out by device manufacturers, housing associations or retail loyalty schemes. equiwatt plans to use new funding to roll out the SaaS platform more broadly and to continue its growth. The company raised a further £700k in funding to support those plans. Led by founder and CEO Dr Johnson Fernandes, equiwatt intends to raise a Series A round in the year ahead. equiwatt provides a mobile app that connects to smart meters and smart plugs to alert consumers to reduce appliance and EV charging energy use during periods of peak demand. The company aims to create a networked community of connected users to form a virtual power plant that helps restore balance in the national energy supply. equiwatt plans to use the new funding to scale up user acquisition through direct and partnership sign-ups and to continue enhancing its technology platform. The business was launched in 2020 and is based in Gateshead, UK. It currently employs nine staff and has thousands of households registered on its platform who collectively save energy and earn points redeemable as shopping vouchers or charity donations. equiwatt has also received R&D funding from the Department for Energy Security and Net Zero and was accepted onto the government-backed Tech Nation Net Zero 3.0 programme.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2025