Equiwatt - the IoT startup that's tackling energy consumption
by Startacus Admin
The Newcastle based IoT startup that's using Artificial Intelligence to help us all reduce energy bills...
Our energy usage is already astronomical, and with more and more electrical devices and appliances being created all the time with more and more functionality, we are using ever more energy. Especially with smart devices that are always-on, where once we might have turned them off at the plug after use. During peak usage times, the demand can cause the need for stand-by power plants to be activated, which is not cheap. Increased energy production is an obvious, though non-simple, solution, but so too is simply reducing energy consumption, especially during these peak times. Of course, in this world in which we’re too busy to do anything for ourselves, the answer to reducing smart tech energy usage is more smart tech...
Newcastle-based Internet of Things startup Equiwatt has created that smart tech.
Using artificial intelligence and the cloud, the Equiwatt platform allows users to trade their energy demand flexibility, not only reducing energy bills, but even taking advantage of the offers that energy providers give customers to reduce their consumption temporarily during high demand periods (thus saving themselves the cost of using the aforementioned stand-by plants).
All the user needs to do is set up the Equiwatt Powercapsule smart hub, create an account, connect all of their smart, IoT appliances to the Powercapsule. It will then automatically turn off appliances for brief periods according to intelligent algorithms, its AI ensuring that they are never affected by what it is doing.
Equiwatt made it through Tech Nation’s Rising Stars semi-final recently and is on its way to the final in London on 5 March. It’s up against some stiff competition, some of which we have written about ourselves, including Serelay, Tended, and Thyngs.
Pitch training workshops and mentoring gave these companies the chance to refine their skills before pitching to an expert judging panel, and the Grand Final will see the 20 finalists pitch again in front of a high profile audience to a panel of renowned judges for a prize package worth over £4,000. We unbiasedly wish them all luck!
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Published on: 27th January 2019
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