'Powerful new data platform' helps energy companies respond to the energy crisis

Gorilla, the innovative energy tech scale up, today announced that it has secured £5.2m in its Series A. The investment will enable further development to its platform and help energy companies continue to adapt to the changing energy landscape with greater speed, efficiency and agility.

Led by the transatlantic venture capital fund Beringea, with participation from PMV and VLAIO, Gorilla is set to dramatically expand both its team and range of solutions.

Gorilla’s powerful and intelligent cloud-based platform is already being used by British Gas, ScottishPower, Shell Energy, Engie and other major players. The platform enables them to gather and process the vast amounts of data they need to respond to the current energy crisis which also helps to drive the energy transition towards net zero.

Part of the solution lies hidden in the increased market volatility generated by an emerging decentralised energy market and the vast amount of data that comes with that evolution. However, until now, processing that data and extracting the necessary insights has been a cumbersome, complicated and, for many energy companies, an insurmountable task.

That is precisely where Gorilla comes in. Gorilla’s cloud-based data processing platform is capable of processing enormous amounts of data, thus accelerating the pace of innovation and enabling energy and utility companies to make giant leaps forward in terms of efficiency and performance.

Gorilla, a spin-off from leading Belgian tech agency November Five, only appeared on the scene in 2018. But already, several major players in the UK, Europe and Australasia are using Gorilla’s platform to automate manual processes, drive product innovation and generate insights into both the production and consumption of energy.

Gorilla currently operates with a workforce of more than 40 employees at its offices in London, Antwerp and Melbourne. The company has also been nominated for the Collaborative Excellence Award, which will be announced at the prestigious Utility Week Awards in London on 6 December 2022.

Ruben Van den Bossche, co-founder and CEO of Gorilla: “The energy transition is also transforming the way the energy market works. Our data-driven applications make it easy for energy companies to develop new price plans and offer new products.

“Which, in turn, encourages more flexible and sustainable energy consumption while helping consumers manage their energy bill. Think of innovative solutions for electric cars and IoT devices. But also solutions that make more efficient use of existing infrastructure, thereby reducing the need for additional expenditure.

“The need to rethink the way we produce, distribute and consume energy is more urgent than ever. We stand at a turning point in our history. Gorilla is here to help the energy sector become carbon-neutral faster and more cost-effectively.”

Gorilla expects to see an exponential growth in the demand for data services in the energy sector over the coming years. In fact, Bloomberg predicts that energy companies will triple their investments in the transition to 100 per cent green, renewable energy by 2025 and double them again by 2030. In order to capitalise on this trend, Gorilla recently raised over £5m from Beringea and Belgian public sector organisations PMV and VLAIO.

By Mark Adair – Correspondent, Bdaily