Monitoring the energy consumption, in real-time and at a granular level, aids consumers and energy producers in achieving energy efficiency. The benefits of data analytics, along with artificial intelligence (AI), allow for better decision making and also improves margins. Several energy-related solutions from oil and gas to batteries and electric vehicles (EV) implement energy analytics to reduce costs and improve efficiency.
We create equipment-based energy analytics solutions for industrial manufacturing applications. With the help of its patent-pending maintenance-free sensors and analytics, the startup helps improve efficiency in industrial operations. This solution caters to industrial manufacturing, thermal and hydropower plants, as well as for industrial heating, ventilation, and air conditioning (HVAC). Further, the solution sends notifications about sub-par machine performance and potential breakdowns to reduce overall maintenance costs.
The energy analytics enables office buildings and workspaces to become more energy-efficient and implement sustainability solutions. With the help of IoT sensors and intelligent analytics platforms, startups develop solutions to make it easier to manage energy consumption efficiently and responsibly. This also reduces operational costs and helps boost a company’s image by enabling environmentally-friendly changes.
Furthermore, we also deliver IoT-based energy efficiency solutions for small and medium enterprises (SMEs). Our team also assists SMEs with a cloud-based analytics platform and provides insights on both web-based dashboards as well as mobile applications. The IoT monitoring device is user-friendly and is easy to install. The solution also uses push notifications, email, and text alerts to notify users about sudden energy spikes along with critical data on energy infrastructure.
Managing power grids and distributing energy involves managing complexities, including power outages and critical infrastructure maintenance, for maintaining stable prices and electricity supply. Data analytics startups provide support to utilities by enabling real-time managing and monitoring tools. Emerging solutions cater to all the critical and non-critical energy infrastructure and assets so as to improve energy management.
The industry integrates energy-efficient systems at the design phase to avoid expensive re-work later. Energy consuming systems including HVAC, security, and lighting in commercial buildings provide startups with opportunities to optimize energy performance. Such solutions avoid overspending on energy consumption and result in significant financial savings.
Renewable energy grids usually require a certain level of analytics to manage several functions effectively. Intermittent energy generation, in particular, leads to price volatility, a key challenge for the industry. Data analytics and software assist in optimizing energy generation and maximizing return on investments for power plants by accurately forecasting ideal conditions. Further, startups are working on solutions that enable smart grids to ensure a continuous supply of energy.