New investment - growing Bulb to bring renewable and affordable energy to more people.
Bulb recently announced that we've received £60 million of funding from two leading technology and renewable investors. This money will be used to help us invest in new technologies and deliver top-notch service. Have a quick read of our blog post to find out what our co-founder Hayden Wood has to say about the investment.
We’d love to hear any thoughts or questions you may have. Just post below.
We’d love to hear any thoughts or questions you may have. Just post below.
Comments
At Bulb, we have two missions:
1. Lower energy bills for people across the UK
2. Reduce CO2 emissions by providing green energy.
In order to achieve this mission, we want to find ways to help our members reduce their energy consumption. Not just switch to an affordable and renewable supplier. To help us to help you, we need to research and invest in new technologies that assist with this.
We wrote a blog post about how we are designing for the future of energy. Bulb labs research how we can be designing services and tariffs that will not only benefit the 'early-adopters' of these technologies but all UK homes.
We want to be shaping the future of low energy consumption and this new investment will help us achieve this.
If you have any comments or ideas on how new technologies can help shape our future energy consumption, we'd love to hear them.
The design of Harriet is equipped with more than 3 thousand sensors of temperature, pressure, etc., which control its operation. The signals from them are digitized and fed to the control center on a powerful computer. The intelligent control system software allows the turbine to start, shut down and respond to changes in various conditions without human intervention.
********
Gotta keep an eye out!
On the thread at hand though, I was disappointed to see that Bulb have ruled out crowdfunding as an investment option. Can anyone elaborate as to why?
I've removed the links now.
And thanks all for the flags.
Although that sounds like a sensible plan, I don't want to censor what's on Community too much @RichyB. For now, we'll keep the flag feature and a Community manager will remove anything inappropriate.
I would also be interested in why a members crowd fund for investment wasn't done. I already get the feel good factor of knowing my electricity is renewably sourced but being part of (as an investor) of that organisation would be a lot more rewarding.
If you actually want to invest in Bulb, it's not as simple as crowd funding. For example, if you contributed to some Bulb crowd funding, what exactly would you expect to get back in terms of benefit?
I meant actually investing, small scale. A chance to be a shareholder in an energy company that doesn't use fossil fuel for its electricity (I'm aware gas is gas)
We're not looking for the extra funding at the moment but a crowdfund is certainly something we'd explore carefully if we were to do another raise. We like the idea of giving our members the chance to own part of Bulb.
Monzo's crowdfund seemed pretty successful. Did you like their model? Or would you do it differently?
I've popped this idea on the Open Road Map too.
Tshirts, hoodies,
I like the idea of shares. I'd be game for those.
Also got some stickers
We've had discussions about Bulb merchandise before. Although we'd love for everyone to roam around in a snazzy pink Bulb t-shirt, producing and distributing mugs and jumpers is not particularly environmentally friendly.
We don't send out paper bills so in keeping with our environmentally friendly ethos, we won't be mass producing other Bulb merch.
I've added the Crowdfund idea to the Road Map. We'll have a think about how this could work.
<svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" viewBox="20 76.2 141.7 53.8" focusable="true" width="20%">
<path d="M22.9,102.3C34,91.4,39.2,82,37.7,79.2c0,0-7.6,6.4-11.1,20.3c-3.6,14.6-1.4,25.5,8.3,27.3c7.5,1.4,15-5.3,16.6-14.3c1.9-9.8-3.6-15.1-10.8-13.8c-7.4,1.3-10.1,10-10.1,10s10.5-11.2,23.8-11.2c10.7,0,11.4,2,11.4,2c-4.3,11.2-7.6,22.8-1,26.5c7.5,4.2,16.5-7.2,19.3-12.8s5.3-15.1,3.5-13.5s-4,9.2-4.2,13.1c-0.2,4-0.6,12.2,7,13.2c8.3,1.1,18.8-15.2,23.5-26.3c4.5-10.9,5.4-20.4,2.7-20.4s-8.5,8.2-11.7,20.1c-6.1,23.3,4.5,30.2,11.6,26.7c6.9-3.7,19.8-15.4,23.8-27.4c3.4-10.3,5-19.4,2.2-19.4c-3.4,0-8.9,10.1-11.7,20.4s-1.1,26.2,11.2,27.2c7,0.6,13.6-5.7,15.7-12.5c2.6-8.3-0.3-14.9-7.6-14.9c-6.8,0-9.9,7.3-9.9,7.3" fill="none" stroke="black" stroke-width="6" stroke-linecap="round" stroke-linejoin="round"></path></svg>
and the colours are
Blue: #003366 / rgb(0, 51, 102)
Pink: #DC268D / rgb(220, 38, 141) or #C3428C / rgb(195, 66, 140)
The two pink colours are:
1: Picked off the main image on the bulb homepage.
2: What the pink text is at the bottom of the page.
^ These are our brand colors. Generally speaking: