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energy marketTechCrunch
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83% Informative
London -based startup Tem has built a marketplace and platform to connect businesses directly to renewable energy sources.
It is working with an existing Ofgem -regulated utility partner instead of applying for a supply license itself.
Tem 's platform matches businesses’ energy requirements with suitable renewable generators using an “ AI matching algorithm” that forecasts energy supply and demand across buyers and sellers.
Tem 's Series A round saw participation from AlbionVC, Revent, and angel backers including Holly and Sam Branson .
Tem has raised 13 million ( $17 million ) since inception.
The company currently operates only in the U.K. , but it is eyeing international expansion in the coming years .
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