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Open Energy Market

Sector:
Software & Services
Invested in:
Calculus EISs, Calculus VCT

Open Energy Market (OEM) has created an online marketplace on which corporate energy contracts are traded, introducing digital innovation into the antiquated, manual energy brokerage process in order to improve transparency and reduce energy costs for large energy users.

OEM

In 2020 the company will continue to focus on improvements to its technology and on gaining market share from its competitors (which rely on costly manual processes rather than automation).

Rationale

Corporate energy market contracts total £1.2 billion per year, of which 85% are bought using an energy broker according to Ofgem.

Founded in 2013 and based in Surbiton, OEM works with all 16 major providers of gas and electricity as an online tender and trading platform for large (£40k+) energy contracts. This has streamlined and increased the transparency of the laborious broker based process.

Business customers can access live energy monitoring services and usage analytics upon providing meter readings. Energy providers are then able to place live bids for the contracts through a reverse auction process via the platform.

Customers include Dairy Crest, Easyjet, Southampton Football Club and Suffolk County Council (for public infrastructure such as street lighting).

OEM will use the funds to increase their direct sales force and software team, implement platform development including extensions into other commodities such as water and expansion into the US market.

Latest News

Open Energy Market has saved the taxpayer over £0.25billion

80% of OEM’s customers won’t have to rely on taxpayer support this winter Saving taxpayers over £250m versus full energy price cap payouts Keeping hundreds of businesses afloat and in control of their costs Open Energy Market (OEM), a leading provider of energy procurement services and net zero technologies, today quantifies the taxpayer savings made … Continued

OEM: Britain getting back to work

New data from corporate energy specialist Open Energy Market (OEM) offers a rare real-time demonstration of how Britain is getting back to work as lockdown lifts. Corporate energy consumption was down 40% at the peak of the Covid crisis but the latest figures (to 21st July) are only 8% below the level they were just … Continued

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Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information