Jo-Jo Hubbard, Co-founder and CEO of Electron said:
“OVO is perfectly placed to support the development of our asset identity and trading platforms. We are delighted to be working with an exceptional international partner to deliver on our vision of efficient, inclusive and coordinated energy markets.”
With this funding now in place for Electron, Paul Massara will be stepping back from his role as CEO but will remain involved in Electron as an advisor and an investor. Jo-Jo Hubbard who co-founded Electron alongside Paul Ellis will be stepping up from COO to CEO.
“We are grateful for the strategic clarity and connections that Paul brought to the company and look forward to continuing to work together”.
Kaluza’s Director of Business Development Steven Ackroyd will be appointed to the Electron Board.
Notes to editors
- In February 2019 OVO announced that it has received a £200m investment from Mitsubishi Corporation valuing the business at £1bn.
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Kaluza is an intelligent grid technology company leading the digital transformation of the electricity system. It was created to solve the challenge faced by grid operators, energy suppliers and device manufacturers, of integrating millions of energy intensive appliances including electric vehicles onto the grid. Once a technology division within OVO, Kaluza now provides software and hardware solutions as well as in-home installation services to a range partners. Supporting the global transition from fossil fuels to renewable energy, Kaluza’s mission is to securely connect all devices to an intelligent zero carbon grid.
For more information on Kaluza, please visit the company’s website at
Electron is a London-based energy technology company, combining blockchain and energy expertise to design and build digital infrastructure for the energy industry. The company is developing the identity and trading platforms that will underpin the transition to cheaper, cleaner, more resilient power systems.
Founded in 2015, Electron is internationally recognised as a leader in its field, having been named a 2017 World Economic Forum “Technology Pioneer”, and recently a “Cleantech 100” company. Electron currently operates in three countries, working alongside utilities, regulators and other technology providers to bring flexibility and coordination to energy grids.
For more information on Electron please visit the company’s website at