Piclo Flex SummaryMay 2018

CONFIDENTIAL

Confidential

Open Utility

We are a pioneering energy-software company based in London

● Designed, built and operate the Piclo® Platform for decentralised energy

● Secured £2m of funding from BEIS and angel investors (including Ian Marchant)

● Startup of the Year at European Utility Week & Bloomberg Top 50 Business Innovator

Confidential

Our Mission

To help the electricity grid accommodate more renewables, batteries and EVs

● Locational effects (such as congestion) are increasingly important with the growth of distributed energy resources (DER)

● Piclo is a decentralised exchange that enables energy and capacity trading across both time and location

● Piclo opens access to energy markets for millions of individuals, businesses and communities

Source: Open Energi

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Piclo® Platform Applications

Description Clients & partners Use cases

Piclo Flex

DSO flexibility marketplace

Reinforcement deferral,Planned & unplanned

outages, Rural networks

PicloMatch

Peer-to-peer matching

DSO nodal pricing,Local retail offerings

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Piclo® Flex

DSO flexibility marketplace

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Piclo® Flex

Online platform

● Transparency and visibility of DSO flexibility requirements and DER assets

● Lowers barriers for entry for the long tail of flexibility providers

● Reduces upfront procurement costs and streamlines ongoing operations

● OJEU compliant and best-practice data security and privacy

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Piclo® Flex

DSO flexibility needs

● Reinforcement deferral: in constrained areas where long-term demand forecast is unknown

● Planned & unplanned outages: manage abnormal network conditions and limit potential domino effects

● Rural networks: improve resiliency of rural networks

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BEIS project timeline

Nov 17UKPN 1st DSO

Partner

Sep 17£412k Funding from

BEIS

June 18Visibility platform

launched

Feb 19End of trial period, commercial launch

Live flexibility procurement second half 2018

Mar 18SSEN 2nd DSO

Partner

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DEMO

Clickable prototype

● DER demo

● DSO demo

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Product roadmap

Feature Included in trial Description

Announcement of needs ✓ DSOs can publish intent to procure flexibility in specific areas

Starting procurement ✓ DSOs can launch new tenders by inputting their requirements

Response ✓ DERs can provide information on their assets and respond to bids

Matching ✓ Automatic allocation of capacity by the marketplace algorithms

Dispatch X Automatic dispatch signals from DSO via marketplace API

Settlement X Automatic settlement using the specified baselining method

Multiple buyer types X Multiple flexibility buyer types can competitively bid for flexibility

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Collaboration

Discussion points:

1. Understanding your project

2. Alignment of our projects

3. Commercials

4. Next steps

CONFIDENTIAL

Open Utility

● Piclo® is an online marketplace for local energy trading

● Partnered with the UK’s largest distribution network operator (UK Power Networks)

● Licensing the marketplace to energy suppliers across UK, Italy and Netherlands

● Backed by energy industry leaders such as Ian Marchant and Volker Beckers

Our mission is to scale up local smart grids

James Johnston Co-founder, CEO

james@openutility.com+44 7880 603 378

Alice TylerCo-founder, CPO

alice@openutility.com+44 785 521 4346

Rachel StanleyHead of Innovation

rachel@openutility.com+44 7765 688 717