Our vision is to remove up to 30% of the cost of energy and services out of the energy value chain while helping customers reduce their energy bills.
Innowatts is a leading provider of AMI-enabled predictive analytics and AI-based solutions for utilities, energy retailers and smart energy communities. To date, the Innowatts eUtility™ technology platform has enabled over 21 million + energy consumers and their energy providers with access to lower energy costs and a more reliable and personalized energy experience. Innowatts is backed by Shell Technology Ventures, Iberdrola and Energy and Environment Investment (Japan).
The Innowatts Difference
Our unique advantage lies in our “bottom-up” approach to understanding and predicting customer consumption behavior and translating that insight into a powerful stream of actionable intelligence. Our systems combine active data from utility smart meters with a wide array of internal and external variables, allowing us to create disaggregated views of customer consumption without any additional investment in sub-metering or device level monitoring.
This unique approach to load disaggregation is what enables us to produce highly accurate and time-tested predictive models that can be applied across a wide range of geographic, climatic, operating and regulatory environments. Clients utilizing Innowatts’ predictive models across their businesses have achieved unprecedented levels of accuracy in their ability to predict customer consumption and anticipate downstream behaviors.
Knowing with precision what the customer will do and how they will react in a wide array of circumstances allows the utility to position its products, pricing and service model in a way that is dramatically more efficient. This means lower cost for the utility, lower bills for customers, and a better experience all the way around.