If you are an energy junkie, the big debate whether the Horizon 2020 objectives will be reached? The answer is yes. That is according to start-ups working towards implementing sustainable energy innovation.Horizon 2020 means 20 percent cut in greenhouse gas emission, 20 percent in renewable energy production and 20 percent in energy efficiency improvement.
Horizon 2020 means 20 percent cut in greenhouse gas emission, 20 percent in renewable energy production and 20 percent in energy efficiency improvement.
Monitoring startups like Ubigreen enable business facilities to track energy consumption. They have to push for the adoption of eco-friendly behaviors. But energy consumers are not the only ones interested in their consumption data. Some startups started working on energy data-based business models.
Part of the connected home startups aims at aggregating data and understanding consumption patterns on a large scale. Google-Nest Labs’ Rush Hour Rewards program is a strong example of such approach.
By learning how customers behave, it is possible to put in place demand-side management programs. It is important to reward customers who accept to lower their consumption at peak hours. Thus, avoiding blackouts and grid complications.
Some startups have investigated the role of electrical powered device on energy demand and how they are used. Homepulse, for instance, disaggregates the load curve and identifies events that are then matched to a specific action. That is the use of the coffee machine, toaster and so on so forth.
Homepulse builds a bridge between the energy world and other verticals such as home appliances. The Enernet here finds another illustration as energy data creates a dense network of relationships between different services providers, manufacturers, and the end users.
Data can help understand energy use. Technology innovation provides adaptable and curated solutions for consumer usage. But the main challenge for the energy industry is infrastructure update.
The current grids support the centralized production of conventional energy. But with decentralized energy production comes complications. Decentralization and the rise of renewable energy bring stability issues. Harmonic and voltage interference cause disconnection or short circuits.
Synvertec has developed an algorithm to smooth out the integration of renewables onto the grid. It favors the deployment of photovoltaic. As the economics around storage and local generation are not obvious in all countries yet, managing the electricity production is also an issue.
It is being tackled by startups like eLum Energy. They provide a software to help store, sell and use microgrids energy at the best moment.
Startups power the energy industry transformation. That is by driving data collection and analysis and contributing to synergies old and new infrastructures. Market decentralization and the rise of connected- homes, -buildings and -cities leave an open gap for small players.
We conclude that the innovation in energy transformation acceleration is the key to success. But again, this will only happen if corporations and startups collaborate.
Early Metrics help entrepreneurs gain visibility and credibility with investors and business partners. They provide transparent feedback to entrepreneurs creating a startup.
The Article Smart Cities: How Data is Powering the Utility Companies Generation 2.0 was written by Antoine Baschiera, CEO & co-founder at Early Metrics.
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