Innowatts expands eUtility smart meter platform into Europe

Innowatts, a provider of artificial intelligence (AI)-based energy solutions, will be expanding into Europe – specifically Spain, the U.K., and Scandinavia.

Innowatts will look to equip European energy providers with predictive intelligence through smart meters that facilitate decarbonization, lowers customer costs, and personalizes the end-user experience.

While smart meters have become more prevalent, energy companies have struggled to realize the full value of these investments. Innowatts’ technology gives utilities a cloud-based platform – eUtility — for extracting smart meter insights and translating them into ideas to help customers. Innowatts expects to increase the ROI of smart meter deployments in the European markets.

“The rapid expansion of smart meter deployments and IoT technology across Europe has created a trove of new data and insights on customer energy consumption,” Dave Boundy, the company’s newly appointed European general manager, said. “Innowatts eUtility is designed to help energy companies leverage their data and translate it into actionable intelligence.”

Innowatts has analyzed more than 21 million smart meters around the world. Its platform, eUtility, has been used by energy providers in competitive power markets to lower bulk supply and risk management costs, integrate distributed energy resources into their portfolio, and optimize customer pricing decisions.