Verv

About Verv

Verv, operating under the legal name Green Running Limited, is a UK-based company specializing in AI-driven predictive maintenance and energy optimization for heating, ventilation, and air conditioning (HVAC) systems. Founded by Peter Davies, a serial entrepreneur with a background in engineering from the University of Bath, the company's mission is to reduce global energy waste from inefficient climate control systems. Davies also founded Austin Consultants, a firm specializing in automated test and control systems for clients like Airbus and Rolls Royce. Verv's journey began with a focus on the residential market, developing a smart home hub to provide real-time, appliance-level energy consumption data. The company later pivoted to the commercial and industrial sectors, targeting building managers, sustainability leaders, and engineering heads. The company has raised approximately $21.8 million in funding over 15 rounds from investors including Centrica, InnoEnergy, Crowdcube, and Earthworm. The business model is centered on its patented hardware and software solutions. The core product is the Verv Connect™ suite, which includes the Smart Isolator. This device replaces standard isolators on HVAC and heat pump units and uses high-frequency data sampling—up to 10,000 data points per second—to analyze the electrical signature of the equipment. This high-resolution data allows Verv's AI and machine learning algorithms to detect anomalies, predict component failures, identify refrigerant leaks, and pinpoint energy wastage that traditional Building Management Systems (BMS) often miss. The insights are delivered to clients via a web portal or can be integrated into an existing BMS. Verv's technology enables a shift from calendar-based maintenance to condition-based, predictive maintenance, which can extend equipment lifespan and reduce emergency repair costs. The company holds 13 global patents for its technology. Clients have reported significant energy savings; for instance, a trial with Mitsubishi Electric demonstrated a 32% energy saving on one system, and another customer saved £6,000 on a single appliance. Verv's technology serves buildings that lack a centralized BMS, which accounts for a significant portion of commercial properties. The company has worked with clients such as Legal & General, the NHS, and Cisco, addressing challenges from energy waste to F-Gas compliance. Keywords: HVAC optimization, predictive maintenance, AI energy management, smart building technology, energy efficiency, climate control, fault detection, high-frequency energy monitoring, smart isolator, HVAC analytics, Green Running, Peter Davies, commercial real estate tech, proptech, machine learning, F-Gas leak detection, condition-based maintenance, asset lifespan extension, energy waste reduction, real-time diagnostics