As a major energy supplier and carbon emissions market participant, Shell Energy Europe will leverage Innowatts' demand analytics and forecasting product modules to facilitate supply management and provide additional insights into its customers' carbon footprints, to help them meet their sustainability goals. Innowatts' platform combines customer-centric energy analytics with insights stemming from managing millions of meters around the world, to provide accurate bottom-up demand forecasts and dramatically improve power-purchase efficiency.
The service agreement is a key milestone as Innowatts continues to expand in Europe. Since launching its European operations in July 2019, Innowatts has worked with Shell Energy Europe and other major regional energy providers to optimize supply management costs, enhance network planning for different electrification scenarios, and provide personalized and value-added services to their end consumers.
"Europe is a priority for Innowatts. We are proud to have partnered with Shell Ventures since our Series A round," says Dave Boundy, chief technology officer and European general manager at Innowatts. "Our AI-powered Saas platform can help accelerate the transition to clean energy use in an economically sustainable way, with data-driven intelligence that adapts to providers' evolving energy needs."
