The grid transition is changing how and when electricity is generated and consumed. This makes planning and operating the grid, managing trading risk and reducing scope 2 emissions increasingly challenging. Innowatts BTM Identification provides meter level visibility to which meters have Electric Vehicles (EVs), PhotoVoltaics (PVs) and Heat Pumps. We use these Insights to inform our forecasts, identify flexibility, and provide our customers the data they need to understand and target the end users with appropriate products and services.
We make the complex simple (through our Connect platform), we provide out of the box integrations with a variety of markets and systems to ingest your data. Our AI driven forecasting process identifies the most appropriate models and is configured to produce forecasts on a cadence to meet your needs. With the increasing frequency of extreme weather events, you need the most up to date data and forecasts. You can configure alerts to notify you when these events appear on the horizon for any weather station or combination of weather stations and you can increase the forecast frequency to meet your changing needs at these times. Our 24 x 7 operations team provides ongoing monitoring of markets, conditions and our AI’s performance. Backed by our global team of Data Scientists, we evolve our capabilities following our customer lead roadmap.
Innowatts has partnered with world-class billing software leader ESG to provide billing and accounting services. This partnership leverages Innowatts award-winning SaaS platform combined with industry veteran ESG to create a complete, seamless, and most importantly – accurate – billing system so your company can focus on driving and growing revenue.
Designed with your bottom line and energy spend in mind, the Innowatts Risk Management solution leverages your energy data along with our granular data Insights to help you optimize your commodity risk. It also provides hourly reporting of demand-supply positions to ensure you are getting real time data to view exposure, whether by block, shape or swing – you set the parameters. Your team also benefits from our platform’s dynamic ability to analyze weather, load and supply scenarios to enable smart supply hedging decisions and thereby reducing gross margin volatility. Our advanced engineering also ensures the safe and secure end-to-end integration ability with ETRM systems to promote seamless data transfer and transparency.
The Innowatts Load Scheduling solution will simplify operations for your team. Seamlessly tie your forecast to a demand bid submission in as few as two clicks. You can submit your bid for your whole portfolio by REP brand or EDC. Innowatts Load Scheduling is available for the following ISOs; ERCOT, PJM, MISO, NY-ISO, ISO-NE; and we continue to add new markets. The solution will make your data flow smoother and improve transparency through the management approval feature which enables you to make last minute adjustments for additional risk mitigation. Finally, thanks to its 100 percent submissions automation capability, you can have the peace of mind that your operations are running smoothly without introducing human errors.
Traders and Risk Managers need to anticipate likely wholesale price moves and system peaks. A key factor in driving these pricing moves is the total system load for the market in which you are operating. Innowatts provides an industry leading 14 day ISO Forecast with proven performance during extreme weather events.
For Retailers, our Profitability Insight works at a meter level to enable you to develop marketing strategies to retain and grow your most profitable customers. Trading and Risk Teams can use our forecasts to reduce imbalance charges, inform hedge trades, monitor Net Open Position and Mark-to-Market.
The Innowatts SAAS Platform integrates into your business operations to securely deliver the Energy Insights you need.