Innowatts and Kaluza, two of the world’s leading energy technology platforms, have announced a strategic partnership to deliver a combined offering that enables digital transformation for energy retailers and utilities across the globe. Together, the companies will initially deploy their technologies throughout North America and Europe, offering market participants a suite of capabilities to transform their operations and customer experience, lower costs, reduce carbon emissions, and deliver demand response solutions.
The partnership provides additional market evidence that Innowatts is a global leader at the forefront of enabling energy providers to fully leverage the power of energy data to increase customer value and accelerate the energy transition. It also recognises the unique innovation of Kaluza’s real-time SaaS platform as it enters the North American energy markets offering a pioneering operating system, seamless customer experiences and its world-leading intelligent grid optimisation solution, Kaluza Flex.
Through the collaboration, Kaluza’s demand response services will be made available to Innowatts’ North American utility customers, who serve a base of 45mn meters, whilst Innowatts will make its energy analytics and forecasting modules available to Kaluza’s strategic partner, OVO Energy.
“This partnership is unrivalled in its capability to enable electric utilities and retail energy providers to take a step forward on their journey towards digital transformation. Globally, regulated and deregulated markets are calling for a solution that can simultaneously provide AI-analytics across business operations as well as deliver the flexibility needed to support the rapid introduction of DERs.”, said Innowatts' director of strategic development for EMEA, Harrison Brook.
He further said, “The Innowatts-Kaluza partnership will provide the market with the systems and data-driven intelligence required to have a 360º view of individual customers, as well as manage the flexibility associated with their load requirements. The collaboration will enable customers to identify and explore new revenue opportunities; complement sustainability efforts by illuminating the carbon footprint for each electric metered site, hence providing insight into plans that lower carbon emissions and help the environment, whilst improving overall customer satisfaction.”
Toby Ferenczi, director of business development at Kaluza, commented, “Today’s energy retailers and utilities are navigating a highly complex and rapidly evolving energy landscape. Smart software like Kaluza’s is playing a pivotal role in unlocking opportunities for retailers to run their businesses with efficiency and speed at a low cost, while engaging their customers and shaping a resilient, decarbonised energy system. We are excited to accelerate our international expansion into North America in partnership with Innowatts.”
Innowatts’ SaaS platform enables near real-time data intelligence and visibility at the meter level. Its analytic tools and the platform’s UX/UX provide users with the data-intelligence needed to be more predictive, proactive and truly customer-centric. This helps them to more effectively forecast demand, manage supply related risk, increase profitability through decreased costs, while maintaining grid reliability and providing visualisation that can lower the carbon footprint associated with each and every customer and every meter.
Kaluza, which was launched in 2019 out of the UK’s third largest energy supplier, OVO Energy, offers energy retailers both a world-class operating system and a demand response product, Kaluza Flex. Kaluza Flex has been built to intelligently manage the charging of millions of connected home devices — including electric vehicles and heating and cooling systems — so that they store and use the cheapest and greenest energy. In doing so, Kaluza is helping to develop a more efficient and resilient energy system that lowers costs and rewards customers for their role in decarbonisation.