VLUX

At Verv, we believe it’s time to challenge the status quo and bring energy into the digital economy. By combining our deep learning Artificial Intelligence with disruptive blockchain technology, we have developed a Peer-to-Peer (P2P) energy trading platform that aims to put power back into the hands of the consumer, all the while improving access to affordable, green energy. How? Our AI-based smart hub, Verv, which can obtain a comprehensive and real-time overview of the electricity consumption of a home, forms the basis of our p2p framework.The specialised AI used in our Verv smart hub provides us with the opportunity to add a unique layer of intelligence to the trading process. With an ability to predict the supply and demand of energy of a home, our intention enables trading to be done at optimal times in advance, reducing costs and prioritising green energy consumption. With two government-backed P2P projects now underway, and having just executed the first peer-to-peer trade of energy on the blockchain in the UK, we are looking forward to the next step on our journey to digitising energy; creating a VLUX Token.