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 energy analytics startups.
Out of 137, the Global Startup Heat Map highlights 5 Top Energy Analytics Startups
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 137 exemplary startups and scaleups we analyzed for this research. Further, it highlights five energy analytics 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 132 energy analytics solutions, get in touch.
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URJA offers Equipment-Level Energy Analytics
Monitoring the energy consumption in real-time and at a granular level aids consumers and energy producers in achieving more energy efficiency. The use of data analytics and AI allows for better decision-making and also improves margins. Several energy-related solutions, from oil and gas to batteries and electric vehicles (EVs), implement energy analytics to reduce cost and improve efficiency.
Indian startup URJA creates equipment-based energy analytics solutions for industrial applications. The startup combines its patent-pending maintenance-free sensors and analytics to identify sub-par machine performance and potential breakdowns. It also improves visibility into production efficiency and sends notifications to users regarding potential disruption. This allows industrial manufacturing and hydropower plants to optimize maintenance planning and reduce downtime.
Energyly facilitates Energy Consumption Optimization
Energy 4.0 solutions such as energy analytics and asset monitoring enable buildings and critical infrastructure to become more energy-efficient. Startups utilize machine learning (ML) and AI to optimize energy consumption at residential and commercial buildings as well as industrial assets. They also reduce operational costs and boost a company’s value by enabling environmentally-friendly changes.
Indian startup Energyly delivers IoT-based energy efficiency solutions for small and medium enterprises (SMEs). The startup’s cloud-based analytics platform provides insights into real-time energy usage and controls diesel pilferage. Since it collects data from multiple sensors, like temperature, humidity, and pressure sensors, the platform provides more accurate insights. It also offers push notifications and text alerts to notify sudden energy spikes and critical data on energy infrastructure.
Enview provides Geospatial Analytics For Energy Utilities
Managing power grids and distributing energy involves managing complexities like power outages and critical infrastructure maintenance. To aid this, data analytics startups provide decision-support systems to improve energy management in such scenarios. Moreover, they enable utility companies to optimize asset management strategies, deliver satisfactory services, and maintain stable prices.
Enview is a US-based startup that provides geospatial analytics for electricity transmission and distribution. The startup’s AI-based platform combines remote sensing, computer vision, and geospatial big data to deliver insights on potential threats to utility lines. The platform automatically calculates the clearance between vegetation and power lines to avert power outages or wildfires. This allows utility companies to ensure accurate risk analysis during and after infrastructure development.
Kontrol Energy improves Building Energy Efficiency
The construction industry integrates energy-efficient systems at the design phase to avoid expensive rework. Optimizing electricity consumption for energy-intensive systems, such as heating, ventilation, and air conditioning (HVAC), in commercial buildings saves costs and increases asset value. Therefore, startups provide machine learning- and AI-based solutions to optimize energy performance. Such solutions avoid overspending on energy and result in significant financial savings.
Canadian startup Kontrol Energy develops an integrated energy efficiency software solution to manage commercial buildings. The startup’s software collects data on electrical, plumbing, and environmental parameters. It then integrates the data with historical benchmarks and machine learning-powered algorithms to generate insights into customers’ existing energy portfolios. This allows building managers and consumers to reduce electricity bills and energy wastage.
BD4BS provides Renewable Energy Analytics
Renewable energy grids require analytics to effectively manage functions like demand forecasting or asset monitoring. Intermittent energy generation, in particular, leads to price volatility, a key challenge for the industry. Energy 4.0 startups offer energy analytics solutions to optimize energy generation and maximize return on investments. This allows smart grid operators to improve demand management and ensure a continuous supply of energy.
BD4BS is a Spanish startup that offers a predictive recommendation engine for renewable energy projects. The startup’s solution uses big data and analytics to predict yield losses and notifies managers with counter actions to mitigate them. This allows photovoltaic (PV), wind, and thermo-solar power plants to improve energy yield as well as reduce risks and uncertainties.
Discover more Energy Startups
Energy startups such as the examples highlighted in this report focus on energy 4.0, advanced analytics, geospatial intelligence, and IoT. 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.
