Edinburgh-based start-up company OnGen has raised £250,000 for a new green energy assessment tool which aims to cut energy bills for businesses through offering assessments of different renewable and low-carbon technologies.
It is targeted at the public sector and high energy users who will be able to access and use the company’s simple to use on-line tool.
OnGen has been set up by energy entrepreneurs Chris Trigg, Andrew Bright and Jonny Clark. Trigg was a founding director and shareholder at energy supplier Spark Energy, whilst Bright and Clark are both directors at energy advisory firm Energised Environments.
Wood Group chairman Ian Marchant is one of a number of early investors in the firm.
Chris Trigg, Ongen Managing Director, said: “Green energy subsidies have reduced radically in the last 12 months. However organisations can still make significant savings on annual bills by deploying the right mix of renewable energy technologies to offset externally derived sources of energy.
“At Ongen we have used our own in-depth industry knowledge to develop a simple low-cost user platform which will generate high quality feasibility assessments of suitable renewable technologies and optimal mix to generate maximum return on investment.”
“It is the only product on the market to compare different technologies optimised against a facility’s energy consumption and available resource.”
Commenting on the new platform, Ian Marchant said: “Putting reliable information in the hands of consumers is the first step on the road to an energy revolution as I believe that the energy system of the future will be far more decentralised and renewable-focused than our current fossil-based industrialised system.
“However, navigating this transition is not easy and OnGen are developing products that allow all consumers of energy to make informed decisions about the options available to them.
“OnGen are enabling an energy revolution and I’m delighted to be a part of this.”