Skip to Main Content
Don't invest unless you're prepared to lose all the money you invest. Investments through Green Angel Syndicate are high-risk, and you are unlikely to be protected if something goes wrong.
Take 2 mins to learn more

Portfolio Company Piclo joins forces with Northern Powergrid to tackle the decarbonisation of the grid.

Electricity distribution network operator Northern Powergrid has been announced as the latest manager of flexibility services procurement on Piclo Flex in the effort to decarbonise the grid. 

This two-year partnership will see Northern Powergrid operating in Northeast Yorkshire and North Lincolnshire overseeing bidding for long-term contracts and building a network of flexibility service providers as well as procuring flexibility services. 

Beginning in 2024, Northern Powergrid will hold competitions for flexibility services, and then go on to seek expressions of interest in offering flexibility services in additional locations beginning in 2027. 

Since 2019, Piclo has been working on the end-to-end functioning of its marketplace. Piclo Flex now has 1.1GW of flexibility registered from over 400 flexibility service providers, which is utilised to plug more power back into the grid in times of constraint.

James Johnston, CEO at Piclo, conveyed his enthusiasm, remarking,


We are thrilled to be working with Northern Powergrid…This collaboration marks an exciting milestone for Piclo, and we look forward to working closely with Northern Powergrid to achieve shared success and strive towards our goal of fully decarbonising the grid.”


Learn more about the contract between Piclo and Northern Powergrid


Disclaimer – Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. Green Angel Ventures Limited is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 963377. The content is for information purposes only and should not be used or considered as an offer or solicitation to purchase or sell any securities.

More in News

Green Angels invest in Home Heating innovation

Read more

Climate Change Investment Coalition Expands Into Early Stage

Read more

Albotherm Secures Innovate UK Grant for Groundbreaking Project

Read more