Thousands of new startups are founded every year – emerging companies with the potential to disrupt the utility industry. To give you a head-start on emerging technologies and startups that will impact the utility sector in 2022, we analyzed a total of 1 201 global utility startups & scaleups. Meet 5 of the most promising startups to watch!
Global Startup Heat Map highlights 5 out of 1 201 Utility Startups to Watch in 2022
Out of 1 201, the 5 utility startups to watch are chosen through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 2 093 000+ startups & scaleups globally. As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant startups, emerging technologies & future industry trends quickly & exhaustively.
The Global Startup Heat Map below highlights the 5 utility startups you should watch in 2022 as well as the geo-distribution of the other 1 196 startups & scaleups we analyzed for this research. We hand-picked the 5 highlighted utility startups based on our data-driven startup scouting approach, taking into account factors such as location, founding year, the relevance of technology, and funding, among others.
CosmicWaterLeaks advances Water Pipeline Leak Detection
Founding Year: 2020
Location: Latina, Italy
Partner for: Underground Pipeline Monitoring
CosmicWaterLeaks is an Italian startup that builds a water pipeline leak detection system. It uses cosmic rays analysis to identify water losses on all kinds of underground pipelines. The hydrogen atoms in water slow down these rays. By interfacing a particle detector with a computing unit, data logger, a global positioning system (GPS), and a data transmission module connected with a map server, it enables remote monitoring of the soil moisture level via the sensors placed underground. Moreover, the network system is installable on any vehicle, allowing utility companies to detect leaks just by driving over the pipelines. This enables utility workers to cover much larger areas per day as compared to the traditional acoustic method.
Enfinergy provides an Energy Management System
Founding Year: 2020
Location: Moscow, Russia
Partner for: Grid Stability, Energy Trading
Russian startup Enfinergy develops Smart Power Center, an energy management system. It comprises an energy management and storage device and cloud-based software for remote monitoring. It also increases grid stability and improves grid balance by connecting multiple distributed renewable energy systems. This further enables energy trading models such as peer-to-peer (P2P) and distribution system operator (DSO) levels. Moreover, Smart Power Center reduces peak loads on the transmission and distribution networks, connecting more consumers to the existing grid and deferring capital expenditure for new capacity.
Dryp provides Urban Water Management
Dryp is a Danish startup that enables urban water management. The startup’s internet of things (IoT)-driven water measuring units operate as nodes in a monitoring network. Combining data from these units with high-resolution rainfall data and the utility company’s existing sensors, the Dryp maintains quality control of the water infrastructure. The platform then uses machine learning (ML) algorithms to process this data and visualize insights regarding the condition of the water infrastructure. Moreover, the platform includes a device management system that provides an overview of the health of the Dryp units and other sensors. This type of automation saves costs for water utility companies by reducing the need for manual inspection of sensors.
SmartHelio offers Solar Asset Management
Founding Year: 2019
Location: Ecublens, Switzerland
Partner for: Real-time Analytics, Failure Prediction
Swiss startup SmartHelio provides solar asset management. Its IoT sensors plug directly into solar panels and continuously track and predict their health. Using sensors reduces the number of pyranometers required onsite and eliminates the use of module temperature sensors, dust sensors, and string monitoring boxes. The startup’s platform also performs root cause analysis of factors impacting each panel’s health. By leveraging pattern recognition technology, it detects design issues, degradation, and hard soiling. Moreover, it combines these models on plant health prediction and long-term climate change scenarios to forecast resource usage and production.
PowerX Technology enables Home Utility Monitoring
Founding Year: 2019
Location: New York City, USA
Partner for: Electricity & Water Monitoring, Water Heater Usage Monitoring
US-based startup PowerX Technology provides a home utility monitoring solution. Its non-invasive sensors plug into circuit boxes and water pipes to measure electricity consumption, water flow, and heat. The PowerX Hub data receptor communicates with the sensors via a long-range (LoRa) connection. It transmits the data collected from the sensors to the users’ smartphones. Then, the mobile app, Terra, analyzes this data using ML algorithms to determine which devices are the most wasteful and provide actionable solutions to make homes more energy-efficient. For example, Terra informs the users where electricity is lost or misused so that the users make smarter decisions and save money.
Discover All Emerging Utility Startups
The 1 201 utility startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Industry Innovation Reports for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies and emerging solutions that will impact your company in 2022!