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 5 hand-picked artificial intelligence startups impacting energy.
Out of 615, the Global Startup Heat Map highlights 5 Top Artificial Intelligence Startups impacting Energy
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 615 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 energy 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 5 startups & scaleups in this report. For insights on the other 610 artificial intelligence solutions impacting energy, get in touch.
Algebra Intelligence offers Energy Optimization
Founding Year: 2020
Location: Amman, Jordan
Funding: USD 310 000
Partner with Algebra Intelligence for Energy Data Analytics
Algebra Intelligence is a Jordanian startup developing AI-based solutions for the energy sector. TaQTaK, the startup’s platform, tracks, monitors, and observes energy production from generation systems as well as power consumption by consumers to collect data. Plugging this data into the platform’s AI algorithm generates insights that allow the implementation of predictive maintenance and the forecasting of energy demand. These insights also aid in the feasibility studies for the development of new renewable energy products. The startup’s solution enables grid operators and local energy prosumers to optimize energy production, maximize financial returns, and increase machine life.
Stage AI improves Energy Efficiency
Founding Year: 2016
Location: Sofia, Bulgaria
Innovate with Stage AI for Energy Consumption Management
Bulgarian startup Stage AI provides software solutions that combine system science and data science with simulation and machine learning. Stage AI’s energy consumption management platform has predictive and financial data modules as well as monitoring and reporting functionalities. These modules facilitate meter data processing, smart meter integration, predictive preprocessing, modeling, and simulation of consumption data. The startup also provides an energy efficiency platform that aids the creation, control, and monitoring of sustainable systems like solar and wind power units in both residential and public buildings. The startup’s solutions provide better visibility over the energy, water, and transportation networks for smart cities.
Drishya provides Microgrid Automation
Founding Year: 2019
Location: Calgary, Canada
Funding: USD 100 000
Partner for Energy Production Optimization
Drishya is a Canadian startup that uses machine learning optimization for intelligent energy operations to improve the profitability and productivity of microgrid operations. VoltOS, the startup’s AI platform, uses accurate IoT data and smart AI algorithms to enable automated operations of distributed renewable energy sources and trading of power. The platform simplifies the deployment, operation, and improvement of microgrids by predicting usage patterns and automating workflows. This allows the widespread roll-out of distributed renewable energy resources. The startup’s technology integrates with existing infrastructure with minimal disruption in normal operations.
iRasus provides Energy Analytics
Founding Year: 2018
Location: Gurgaon, India
Partner with iRasus for Remote Asset Monitoring
Indian startup iRasus provides an energy analytics platform that enables visualization, analytics, and predictive modeling of clean energy infrastructure. The startup’s platform, Preksha, creates digital twins of physical infrastructure for end-to-end energy optimization. It analyzes asset history with AI and predicts potential failure modes. This allows the asset owners to schedule preventive maintenance activities and ensure the safety of the infrastructure. Further, the platform features a cloud-based dashboard to facilitate remote monitoring and real-time simulation of assets like battery cells, battery packs, charging points, and solar plants.
Gridware enables Real-time Fault Detection
Founding Year: 2020
Location: Walnut Creek, US
Funding: USD 5,4 M
Use Gridware’s solution for Grid-independent Condition Monitoring
Gridware is a US-based startup that uses remote telemetry and edge AI to detect faults in and around electrical assets. The startup’s system continuously monitors for possible changes that could affect grid performance or ignite wildfires in suburban areas. Gridware raises alerts that enable the scheduling of timely repairs and rapidly respond to transmission line incidences before they cause widespread wildfires. The startup’s grid-independent system ensures monitoring irrespective of the state of the network and its environment. It reduces the risk of grid failure, thereby reducing the costs for network operators and preventing suburban wildfires.
Discover more Energy Startups
Energy startups such as the examples highlighted in this report focus on predictive analytics, peer-to-peer (P2P) trading, and blockchain. While all of these technologies play a major role in advancing the energy industry, they only represent the tip of the iceberg. To explore more energy technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Energy Innovation Report to save your time and improve strategic decision-making.