Innowatts recently announced it has entered into an integration agreement with EC Infosystems (ECI), a widely used electronic data interchange (EDI) and billing/CIS service provider in the United States.
The collaboration will harness synergies between the ECI’s EDI and billing/CIS offerings, which facilitate transactions for more than 300 retail energy providers and utility companies across 23 deregulated U.S. states, and Innowatts’ eUtility platform, which combines data intelligence from energy providers’ existing customers with powerful machine learning insights gleaned from more than 23 million smart meters. Combined, the eUtility and ECI platforms will offer utilities and retail energy providers real-time insights into their entire energy ecosystem, allowing them to monitor changes proactively and allocate energy supplies more cost-effectively, reducing financial and operating risks.
With more than 20 years of industry experience, the ECI facilitates EDI and billing/CIS transactions for over six million meters per month. It automates and streamlines market-data file transactions between deregulated utilities and their energy suppliers and trading partners, while ensuring compliance with national and market-specific standards. This dovetails with Innowatts’ focus on delivering actionable, data-driven intelligence to energy providers and using cutting-edge technology to provide reliable and accurate energy demand forecasts, boosting reliability and reducing operating costs.
"Integrating with the ECI will help us not only reduce time-to-market for our existing joint customers but also enable all energy players across the deregulated marketplace to quickly optimize energy costs and empower their consumers with personalized products and services," said Innowatts CEO Sid Sachdeva. "This is a big step forward for energy companies that want to use hard data to boost their performance and deliver cheaper, more reliable energy to their customers."
"The ECI has enjoyed our close working relationship with Innowatts, which has pioneered an advanced and comprehensive smart meter-enabled energy intelligence," said ECI President and CEO, Mohan Wanchoo. "We look forward to deepening our integration in the future as more players enter the deregulated energy market."
Both Innowatts and the ECI already serve many of the same customers in Texas and other deregulated U.S. energy markets. The companies are continuing to actively pursue areas of collaboration that will deliver additional value and mission-critical insights to utilities and energy providers.
