Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into technologies advancing utilities. This time, you get to discover 5 hand-picked digital management solutions.
Global Startup Heat Map highlights 5 Top Digital Management Solutions impacting Utilities out of 660
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-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 660 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 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 655 digital management solutions, get in touch.
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120Water develops a Digital Water Platform
Utility companies are adopting Industry 4.0 technologies for asset management, smart metering, and predictive maintenance, among other use cases. By improving the overall efficiency of the infrastructure, it enables utility companies to deliver reliable services to their consumers. Startups are developing digital tools and solutions tailored for various utility applications. For instance, digital water management translates data into actionable information as well as enables a customer-centric workflow.
120Water is a US-based startup that develops a digital water platform. The startup’s solution includes digital sampling kits that automate the sample collection process and cloud-based software for water program management. It automates and standardizes end-to-end processes, including result forwarding and compliance report generation. 120Water’s solution integrates data points from different processes in the water utility industry, providing insights that improve operational efficiency.
Pure Energy provides a Virtual Power Plant
Combining data from energy metering as well as building and process management systems provides actionable insights and trends in energy management. That is why energy utility companies use digital tools to track and analyze company operations. To this end, startups provide digital energy management solutions that readily integrate with legacy systems without disrupting daily operations. Furthermore, these digital tools facilitate energy supply efficiency, minimizing losses at product and distribution levels.
Pure Energy is a Turkish startup that provides virtual power plants for digital energy management. The startup exclusively serves renewable power plants to increase the availability of clean energy in the grid. The startup’s portfolio of cloud-based distributed energy resources (DER) ensures a sustainable and long-term competitive income. Towards the demand side management, Pure Energy uses proprietary algorithms to predict demand fluctuations and signal the transmission system operators (TSOs) accordingly.
Sync Energy AI predicts Power Grid Threats
Digitization in the utility sector automates back-office operations and customer interactions. Smart management of utility supply networks improves their resiliency, safety, and efficiency. Another advantage is the application of artificial intelligence to enable predictive and condition-based monitoring of assets as well as outage management. To leverage these benefits, utility companies integrate digital management tools for asset monitoring, demand-side management, and billing, among others.
US-based startup Sync Energy AI offers a solution to monitor and predict power grid threats. It combines AI and high-resolution satellite imagery to analyze the power grid vulnerabilities under various operating scenarios. The startup’s solution uses a deep neural network for precise tree-canopy detection, providing the height and status of vegetation. It then creates weather models based on live data or hypothetical scenarios to simulate their impact on utility structures. This way, Sync Energy AI de-risks the power utility infrastructure against natural disasters.
InfoTiles advances the Internet of Everything (IoE)
Sustainable water usage, as well as effective management of water supply and wastewater evacuation networks, are critical for cities. The sewage network secures cities and urban setups from flooding and the flow of waste. Therefore, the governments and local authorities need to maintain sewage and wastewater systems. Startups are developing solutions that allow utility companies to monitor infrastructure health as well as predict water demands.
Norwegian startup InfoTiles provides a software-as-a-service (SaaS) solution for utility companies and smart cities. The startup’s Internet of Everything solution facilitates water and wastewater management as well as provides insights into flooding. It also analyzes aging infrastructure and maintenance backlogs to gain insights into the risk of leakages. InfoTiles’s solution enables utility companies to avoid damages in waterways, rivers, and water evacuation systems, thereby ensuring proper water distribution as well as wastewater flow.
Route4Gas boosts Natural Gas Liquidity
Natural gas is a critical commodity as it contributes significantly towards primary energy requirements worldwide. In addition to that, the storage, transportation, and distribution of natural gas involve various stakeholders, including a market ecosystem with different participants and transaction types. This increases the complexity and the fluidity of the natural gas value chain. Therefore, natural gas companies utilize digital management solutions to streamline their operations and better understand markets, thus increasing profits.
Route4Gas is a Dutch startup that provides a digital trading tool to concentrate natural gas liquidity in single rounds. Its patented algorithm combines information about credit matrices, physical positions, and different natural gas products, enabling a non-discriminatory trading system. The startup’s solution also eliminates the need for phone calls and constant market monitoring, aiding traders, portfolio managers, and operations teams.
Discover More Startups
Startups such as the examples highlighted in this report focus on electrification, connectivity as well as operational efficiency. While all of these technologies play a major role in advancing utilities, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
