Limejump aims to deliver 100% renewable energy at all times to its customers through direct real-time connectivity between renewable energy sources, storage flexibility such as batteries and demand response. The company believes that this is the equivalent of building the future of energy. This future would be a 100% truly renewable-powered energy grid, which does not exist at the moment.
The firm’s ultimate mission is to revolutionise the energy industry to deliver sustainable solutions that maximise its customer’s value. And, it could achieve that position by harnessing the data and technology to shape the future of energy.
Limejump trades energy produced by distributed generators across the UK and National Grid. It is changing the way the world transacts energy. By embracing technology, especially machine learning algorithms, it can deliver renewable resources where demand requires electricity, in sub-second speed. Limejump’s virtual power platform is an aggregation of flexible energy generation and storage assets of different sizes and technology types. Overall, the brand has four core offerings: The balancing mechanism (BM), frequency response, power purchase agreements, and the capacity market.
Limejump has devised a clever system, wherein, for the first time ever, assets of all generation type or wattage can take part in this market through the Limejump BMU. The virtual power plant directly controls third-party assets to allow them to take advantage of half hourly wholesale prices and participate in the BM on a minute by minute basis. There is also an optimisation service available that allows customers who do not have their own trading ability and/or not of sufficient size to participate in the BM as a way of competing against larger polluting power plants. Using flexible& fixed price PPAs, the firm enables generators to take advantage of power price volatility throughout the day, week, month or year. It works with generators to increase the market understanding and provides options based on the risk appetite. As of now, it remains the only company trading assets within both BM and FFR simultaneously.
Limejump does possess an extensively experienced trading team which has helped them release the power of this technology and to take advantage of volatility within energy markets in real-time speed.
This prime advantage has helped the brand, bag several awards including Woman of the Year Award at Solar & Storage Live Awards (Kristina Rabecaite, BDM), Young Energy Professionals Forum (YEP) award for sustainability, Renewable Energy Association’s (REA) Energy Storage Award, S&P Platts Global Energy Award (Chief Trailblazer of the year), The Rising star Award and The Grid Edge Award amongst many others.
The firm was further shortlisted for the prestigious Business Green Leaders Awards in 5 categories including Green Infrastructure Project of the Year, CSR/Marketing/Advertising Campaign of the Year (The Future of Energy), Sustainability Executive of the Year (Joe McDonald, VP of Sales), Leader of the Year (Erik Nygard, CEO) and the overall Company of the Year.