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PassivSystems
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Short description

Developer and operator of home energy management services

Founded in 2008
Founded in

Company type Out of Business Public ()
Company type

Industry Group energy & power

Sector buildings

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Berkshire, United Kingdom
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Updated by Colin Calder at PassivSystems on 05/25/2014

Edited by Cleantech Group on 02/15/2024

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Watson Fuels Watson Fuels

Confirmed by Watson Fuels
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Date Partner Type
04/22/2019
Flexitricity Flexitricity
Developing an energy system pilot on the UK’s south coast, establishing a virtual power plant comprising, renewables, storage, and electric vehicles. The first step of the project will see £7.2 million of its budget used to create a VPP with around 2MW of capacity.
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IPO INFORMATION

Date

05/07/2014

IPO status

Withdrawn

IPO Type

IPO

Amount

$19.95M

Initial shares

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Exchange listed

London AIM

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Description

PassivSystems, a provider of intelligent connected energy services for residential homes and for optimising solar PV assets, today announces that the Board has taken the decision to postpone the AIM IPO process that the Company announced it had commenced on 31 March 2014. Colin Calder, CEO and Founder of PassivSystems, said: “It is well documented that the IPO market has experienced some congestion in recent weeks, particularly in the technology sector where certain high profile IPOs have disappointed investors post listing.” “The Board’s decision to postpone the IPO process is reflective of this current market sentiment, and the process has been useful with positive feedback being received from fund managers. We look forward to continuing the commercial expansion of our business and to returning to the market at an appropriate time in the future.”

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Date Investors Type Amount
03/02/2010 WHEB WHEB (1)
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Series A
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PassivLiving

A software platform for managing domestic heating and energy costs and consumption, which PassivSystems’ study shows can achieve 23% savings

Wide Commercial Availability Products - Retail
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