Innowatts
Powering the Utilities Realm with Lower Billing Plans

For decades the energy spectrum enjoyed a run of unabated and stress-free operations while supplying power to homes and businesses. Over the past few years, however, changes both internal and external have created a disruption within the industry from advancing technology interventions and efficient performance demands by various stakeholders. Many factors such as a call for cheaper and environmentally friendly electricity distribution and new protocols from regulatory boards have also affected the overall performance of energy supply companies. Management at these firms must rise to the occasion, and solve the issues by effectively implementing IT/OT that can cover all their bases and create a strong value proposition for both consumers and stakeholders.

Innowatts, a leading vendor of AMI-predictive analysis and AI-based solutions for energy retailers and smart energy communities has the perfect utility technology platform for both electricity consumers and providers. “eUtility,” the company’s premium software provides power supply firms with access to insights that can enable for delivery of lower energy billing and a personalized energy experience for customers. Founded in 2013, Innowatts is backed by Shell Technology Ventures, Iberdrola, and Energy and Environment Investment (Japan).

A differentiating factor at Innowatts is in the approach it utilizes while implementing its eUtility platform for clients.

The technology provider starts at the bottom of the pile, initially starting the process with consumers to understand and predict energy consumption patterns and then convert the collected information into actionable intelligent data. eUtility merges data from smart meters along with an array of internal and external variables to build an itemized view of consumer usage behavior without clients having to invest additionally in sub-metering or device-level monitoring. The unique vision that Innowatts applies to load disaggregation enables for production of predictive models that are flawless and time-tested and can be implemented across a wide range of geographic, climatic, operating and regulatory environments. All of the information is available to authorized personnel via an interactive dashboard; it allows users to view timely energy intelligence that is most relevant to every individual customer. To have a straightforward program integration methodology, Innowatts utilizes a SaaS-based installation allowing for cheaper product delivery. Prospective clients are given the option to run a streamlined version of the platform as a trial, and this strategy allows its users first-hand experience of being able to derive insights from customer data and the future possibilities and benefits they are set to receive on full implementation. As the energy supply circuit continues to evolve, the users that decide to partner with Innowatts can decide on the solutions they want to utilize as new opportunities emerge. Easily integration into clients existing technology stack allows Innowatts to leverage eUtility at a heavily reduced cost to market. The utility technology provider also partners with several API developer firms and has created an extensive list of APIs that can connect and interact directly with the eUtility platform.

Having assisted more than 20 million retail energy users in reducing their energy consumption rate, and energy companies to be not only safer and environmentally friendly but also to have a more customer-centric approach, Innowatts is looking to grow past its home boundaries and venture into other prime global markets. A vision that is quickly becoming a reality as the success of Innowatts eUtility platform continues to do the rounds within the power supply realm. Already establishing a move into the Asian Market (Japan) in the last quarter of 2018, Innowatts recently announced of its ventures in UK, Spain, and other smart meter enabled regions within Europe.