Road map - Verv (VLUX token)
Q1 2015 - Verv Created
Verv, the AI-based smart hub was created.
Q2 2015 - Seed Funding
Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).
Verv started researching blockchain-based energy trading.
Q4 2016 - Awards
Verv CEO & Founder won Innovator of the year at the Business Green Technology Awards and was named one of the top 50 entrepreneurs in the last 15 years by SETSquared.
Verv started gathering real home electricity data for energy trading trials.
Q2 2017 - Launchpads
Verv was one of a handful of companies in the UK selected to be on Launchpad, Google’s global startup program, as well as Amazon’s Launchpad.
Q3 2017 - Government Grant For P2P Simulation
Verv received a £150k grant from BEIS’ Energy Entrepreneur's fund to simulate its blockchain based peer-to-peer energy trading solution across the UK.
Q4 2017 - Crowdfunding Raise
Raised £1.1million via equity raise on Crowdcube.
Q1 2018 - Implementation Of P2P Community In The UK
Verv is implementing a p2p trial site located in Hackney, London, UK alongside Repowering London aiming to reduce energy bills of residents and start trading surplus energy. Public Blockchain - Transactions expected to be made visible on the Ethereum public Testnet (Ropsten).
Q2 2018 - Technology Development
More advanced electrical generation and consumption prediction algorithms expected to be introduced into live system. Planned deployment of Verv’s combined three channel CAD units. With regards to blockchain, the plan is to transition to a private permissioned blockchain, minimising the carbon footprint of the blockchain solution.
Q3 2018 - Engaging Early Adopters
Planned roll out of the energy trading platform to early adopters for trial. Scheduled beta test of Macro Blockchain - a blockchain of blockchains containing digests of transactions anticipated to be rolled out to our trial sites.
Q4 2018 - Product Development
Planned integration of the energy trading platform into the new generation of Verv hubs, scheduled for public roll-out in 2019. Planned establishment of International system.
Q1 2019 - Full Scale International Roll-Out
Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.