Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the energy industry. This time, you get to discover five hand-picked smart meter startups impacting energy companies.
Out of 600, the Global Startup Heat Map highlights 5 Top Smart Meter Startups impacting Energy Companies
The insights of this data-driven analysis are derived from the Big Data and Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups and scaleups globally. The platform gives you an exhaustive overview of emerging technologies and relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 600 exemplary startups and scaleups we analyzed for this research. Further, it highlights five smart meter startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups and scaleups in this report. For insights on the other 595 smart meter solutions for energy companies, get in touch.
Greenbird simplifies Smart Meter Data Integration
Big data integration is a critical aspect for utilities to digitize electric grid operations. Besides, the use of components from different suppliers makes the whole process cumbersome. To tackle this issue, startups offer device-agnostic software platforms for data integration. This allows energy utilities to efficiently connect power grids and metering devices, enabling smart grids.
Norwegian startup Greenbird develops Utilihive, a smart meter data integration platform. The startup’s cloud-native platform is available as an application programming interface (API) to speed up grid digitization. The API offers features like simulated data to identify system bottlenecks and a library of software connectors for most common utility applications, among others. This allows utility companies to readily integrate big data capabilities into grid management and better utilize smart meter data.
AutoGrid facilitates Energy Demand Forecasting
Lack of visibility into electricity demand from households and industries leads to unexpected grid downtimes. The availability of smart meter data provides an opportunity to perform analytics and forecast future demands. To this end, startups develop energy demand forecasting solutions that enable utilities to balance electricity supply and demand to prevent blackouts.
US-based AutoGrid creates a software solution that enables energy demand forecasting. The startup’s solution uses AI to analyze data collected from smart meters and sensors placed throughout the electric grid. It then provides insights into energy consumption patterns and, when enough historical data is available, forecasts future energy requirements for smart grids.
Sympower provides a Demand Response Aggregator
While smart meter analytics offers visibility into energy consumption behavior, utilities need consumers to proactively cooperate for efficient demand-side management. To promote this habit, startups offer incentivizing platforms and automated demand response solutions, simplifying peak demand period management.
Sympower is a Dutch startup that offers a software and hardware solution that improves demand-side management. The startup’s solutions assess consumer behavior and identify flexible energy assets connected to the smart grid. It then controls the assets by switching them on/off based on electric grid load.
Fresh Energy offers Consumer Energy Analytics
Smart meters provide accurate data on energy consumption. That is why startups utilize this data to identify opportunities to improve energy efficiency at residential and industrial properties. Some solutions combine gamification to motivate users to save energy as well as offer insights into consumption patterns.
German startup Fresh Energy develops an app that analyzes smart meter data. The startup’s app allows customers to better understand their energy consumption and offers action points to improve energy efficiency.
Chameleon Technology makes Smart Meter Interfaces
Smart meter interfaces include smartphone apps, as well as in-home displays, which enable users to see their energy consumption data. Such devices collect smart meter data to offer granular insights into energy consumption. This allows consumers to monitor their electricity use in real-time, and optimize their consumption, saving energy costs and improving sustainability.
Chameleon Technology is a UK-based startup that manufactures smart in-home displays (IHDs). The startup’s solution securely accesses real-time energy data from smart meters and shows them to the user. The same data is available through a cloud platform accessible for home energy management systems and smart home devices. The startup’s real-time data allows such systems to maximize the benefit for customers and reduce their energy costs.
Discover more Energy Startups
Energy startups such as the examples highlighted in this report focus on electricity grid management, energy analytics, demand-side management, and consumption monitoring. While all of these technologies play a major role in advancing the energy industry, they only represent the tip of the iceberg. To explore energy technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free Energy Innovation Report to save your time and improve strategic decision-making.
