VLUX is a subsidiary of Green Running which operates under the trading name of Verv. VLUX is launching an Initial Token Offering (ITO) in order to create VLUX (VLX) tokens that will enable energy to be traded on the renewable energy trading platform that Verv has developed. By combining deep learning AI technology with blockchain, Verv’s peer-to-peer (p2p) energy trading platform aims to improve access to affordable, low carbon energy.
Verv, the AI-based smart hub was created.<br />
<br />
Q2 2015
Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).<br />
<br />
Q3 2016
Verv started researching blockchain-based energy trading.<br />
<br />
Q4 2016
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.<br />
<br />
Q1 2017
Verv started gathering real home electricity data for energy trading trials.<br />
<br />
Q2 2017
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.<br />
<br />
Q3 2017
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.<br />
<br />
Q4 2017
Raised £1.1million via equity raise on Crowdcube.<br />
<br />
Q1 2018
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).<br />
<br />
Q2 2018
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.<br />
<br />
Q3 2018
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.<br />
<br />
Q4 2018
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.<br />
<br />
Q1 2019
Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.
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