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Key Focus Area

Innowatts is concentrated on energy analytics, specifically providing comprehensive data solutions to enhance how energy providers understand and manage energy consumption, generation, and forecasting. The company's offerings are tailored towards enabling energy providers to achieve their goals related to net-zero emissions, profitability, and reliability.

Unique Value Proposition and Strategic Advantage

Innowatts positions itself through its AI-enabled SaaS platform, designed to deliver high-quality, real-time data-driven insights. This platform is noteworthy for being trained on data from over 52 million meters, allowing it to offer predictive insights and industry-specific analytics.

The strategic advantage lies in:

• Robust Data Integrations: Seamless integration into existing business operations across different markets without requiring extensive internal IT support.
• Machine Learning Models: Using proprietary machine learning models and AI-driven processes, the platform provides precise forecasts regarding supply, demand, and grid constraints.
• Comprehensive Forecasting Capability: The platform offers a diverse range of forecast services such as demand prediction, generation, and grid loading insights, which are crucial for managing energy systems amid increasing weather variability.

Delivery on Value Proposition

Innowatts delivers on its value proposition by providing a suite of data-driven solutions that address various operational and strategic needs of energy providers:

• Connect: Through its SaaS platform, Innowatts integrates with business operations to facilitate the secure delivery of energy insights. It boasts features like a Data Quality Engine to ensure data integrity for meaningful analytics.

• Extract: The platform extracts more than 30 specific insights from each meter, which includes analyzing behind-the-meter devices like electric vehicles and photo-voltaic systems, thus offering deep insights into customer load profiles.

• Forecast: The company's AI-driven forecasting models allow for predictions of demand, generation, and grid constraints with a focus on high volatility periods. These models help in risk management, scenario analysis, and optimizing transmission and distribution costs.

• Deliver: Innowatts focuses on actionable insights delivered through user interfaces that enable energy providers to manage resources, engage customers, and optimize their business operations to meet sustainability and profitability goals.

These services are underpinned by continuous monitoring by a global team of data scientists to adapt and expand capabilities based on market and customer needs.

Innowatts targets entities like retail energy providers, utilities, and grid operators, as well as commercial, industrial, and public sector entities, offering insights that accommodate the unique challenges and opportunities within each sector.

Innowatts’ approach aims to not only provide valuable insights but also enable energy providers to implement practical applications that support profitability and sustainability, ensuring adaptability in the evolving energy economy.