OakTree Power won the sustainability category in the Propel Startup Competition at this year’s MIPIM conference in Cannes.
The company’s climate technology modulates energy usage in commercial and industrial buildings, such as offices, hotels and industrial facilities, to be intelligently reduced for short periods, without impacting performance. The solution provides businesses crucial energy flexibility whilst reducing emissions and contributing to a smarter more sustainable network.
OakTree Power’s smart IoT controller integrates with properties’ own building controls systems to automatically modulate by a small amount, non-critical electrical plant and equipment such as pump motors, fans and air conditioning chillers.
The solution is already being deployed by several FTSE 250 clients – including a large European financial institution and the world’s leading global business publication – improving buildings’ BREEAM ratings and subsequent value. Pinsent Masons has been the latest company to announce its partnership with OakTree Power, with the multinational law firm reducing otherwise inaccessible carbon emissions by over 260,000kg across its 205,000 square feet building, ultimately reporting a baseline energy reduction of 28% in its London headquarters.
Chantel Scheepers, CEO of OakTree Power said: “We’ve always been proud of the mission OakTree Power is carrying out – enabling properties to adopt innovative climate technology and help the UK meet its bold commitment to achieve net zero goals by 2050. To have our startup awarded by the world’s leading real estate market event makes what we’re doing even more special.
This award ultimately reinforces our ambition to continue working with our anchor partners to expand out this greener, more affordable system across the international real estate market and lead the way towards a future driven by flexible, sustainable solutions.”