ACHEMA MIDDLE EAST

Shell Energy Europe selects Innowatts for AI-powered demand forecasting

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

Apple Invests in Renewable Energy Projects Across Europe

Apple is stepping up its clean energy projects across...

Kuwait Announces Major Offshore Gas Discovery at Jaza Field

Kuwait Oil Company (KOC) said it has made a...

Algeria Signs $5.4B Deal with Midad Energy in Illizi Basin

Algeria’s state-owned energy company Sonatrach announced on that it...

Dominion Energy Issues RFP for Power Purchase Agreements

Dominion Energy’s Virginia and North Carolina subsidiaries have announced...

Shell Energy Europe has selected Innowatts for the provision of an AI-powered demand forecasting solution to serve customers in northern Europe.

Shell will leverage Innowatts’ demand analytics and forecasting product modules to facilitate supply management and provide additional insights into its customers’ carbon footprints, to help them meet their sustainability goals.

The solution will combine customer-centric energy analytics with insights stemming from smart meters to provide accurate bottom-up demand forecasts and dramatically improve power-purchase efficiency for Shell Energy Europe.

The service agreement is a key milestone as Innowatts continues to expand in Europe.

Since launching its European operations in July 2019, Innowatts has worked with Shell Energy Europe and other major regional energy providers to optimise supply management costs, enhance network planning for different electrification scenarios, and provide personalised and value-added services to their end consumers.
Sign up to our newsletter

Dave Boundy, chief technology officer at Innowatts, said: “Europe is a priority for Innowatts. We are proud to have partnered with Shell Ventures since our Series A round.

“Our AI-powered Saas platform can help accelerate the transition to clean energy use in an economically sustainable way, with data-driven intelligence that adapts to providers’ evolving energy needs.”

Latest stories

Related stories

Apple Invests in Renewable Energy Projects Across Europe

Apple is stepping up its clean energy projects across...

Kuwait Announces Major Offshore Gas Discovery at Jaza Field

Kuwait Oil Company (KOC) said it has made a...

Algeria Signs $5.4B Deal with Midad Energy in Illizi Basin

Algeria’s state-owned energy company Sonatrach announced on that it...

Dominion Energy Issues RFP for Power Purchase Agreements

Dominion Energy’s Virginia and North Carolina subsidiaries have announced...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Translate »