Company: GRYD Energy
Founders: Mohamed Gaafar, Tom Jordan and Scott Whiteside
Website: https://gryd.energy/
About GRYD Energy
GRYD Energy is a solar tech startup and developer of the UK’s first true solar subscription. The business has developed a UK-first subscription model that allows developers and homeowners to install solar without ever paying for the hardware.
The high upfront cost of solar hardware is a fundamental barrier that has prevented millions of households from adopting the technology. It is estimated that 8.5million UK homeowners have roofs well suited to solar but can’t afford the upfront expense. GRYD’s smart solar subscription flips the traditional ownership model, and funds and maintains a home’s solar hardware for the 25-year life of the system.
The innovative model saves developers up to £10k in hardware costs per home and enables homeowners to reap the bill-saving benefits of solar from day one.
As ministers debate how to accelerate residential solar uptake to hit its 2030 clean energy pledge, GRYD’s unique model positions the business to address this challenge on a national scale – lowering the cost barrier of solar and unlocking access to affordable clean energy for millions more households.
The business is on a mission to tackle the energy transition at scale by building the UK’s largest decentralised smart solar network. GRYD has already launched a three-home pilot project in Cornwall, which is serving as a testbed for its software, and has signed an energy export deal with renewable energy supplier Good Energy. With several projects already commercially committed, GRYD is set to deploy to hundreds of homes nationwide in 2025; positioning themselves to scale their service to 30,000 new-build homes over the next three years.
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