CarbonShift Ltd
Problem Addressed
The market for building decarbonisation retrofits is stagnant despite having technologies, investment, and ambition. This is due to the emergence of an intractable problem; when to install which technologies in a net zero timeframe when market conditions and technology options are constantly evolving. For large commercial building owners with thousands of buildings, the complexity is overwhelming. CarbonShift’s advanced mathematical optimisation algorithm cracks this problem open and puts control into the hands of building owners.
Overview Of Start-up
CarbonShift is building a brain for the building decarbonisation retrofit market to empower intelligent solutions. Their early customers are large commercial building owners who will save over 20% of their overall net zero transition cost by using CarbonShift’s advanced optimisation algorithm. CarbonShift’s software product will embed the optimisation into an existing business structure, allowing site managers to seamlessly implement cost-optimised investment strategies. Building owners will be able to upload their data (including energy bills, EPC rating, existing technologies, building fabric information etc) and the AI brain will manage the entire process. It looks at thousands of solutions and technologies to find the best and most cost-effective options for building portfolios. The platform can then connect building owners with the most appropriate manufacturers, suppliers, installers, consultants and financers resulting in a seamless approach to retrofit. CarbonShift will, through mathematical optimisation, allow building owners to look into the future to see how to get to net zero in the most cost-effective manner and what the impact of installing certain solutions will be on the building managers budget and energy consumption going forward.
What Makes The Start-up Innovative
The platform connects the right building owners to the right interventions at the right time. CarbonShift’s team of PhD engineers have vast academic and industry experience in building mathematical optimisation frameworks to solve complex problems. Integrating an optimisation software product into the heart of an entire market sector is pioneering and will require constant innovation throughout development. To then ensure that the product can be deployed in any building and region globally to deliver net zero buildings at the scale required, is unprecedented.
How The Start-up Has Been Designed To Scale Up Quickly
CarbonShift’s product is designed specifically to embed their optimisation at the centre of the market by providing dedicated workflows for all stakeholders. This allows building owners to seamlessly work with manufacturers, suppliers, installers, consultants and financers through the platform. CarbonShift presents investment options to investors who will receive fixed returns for investing in a range of impactful projects. Therfore, CarbonShift can act as the third-party connecting carbon-saving projects with appropriate funding, scaling impact.
Once sufficient scale is achieved, CarbonShift can work with suppliers to achieve economies of scale across multiple buildings and portfolios as well as helping suppliers predict future demand.
By leveraging and maximising the existing skillsets of stakeholders in the market, CarbonShift’s core workflows are universally applicable across the built environment globally.