energy saving that pays

About

Our platform uses A.I. to maximise residential demand-side engagement in energy enabling lowest cost of energy for households and energy companies. Using big data and IoT connectivity, our innovation aims to smooth out the peaks in the national electricity demand and relieve pressure on the energy grid. The energy companies pay us for offering aggregated residential demand-side flexibility to them. We pass on this revenue to participating households and we make money by charging commission on energy trades made through our platform. During peak hours, the grid relies on older, inefficient and highly expensive power plants to meet unforeseen energy demand. At certain peak times, the grid is at risk of blackouts and energy authorities prefer to pay people to reduce their energy consumption as this is much cheaper and better for the environment. Industries and commercials have been getting paid for years to not use electricity during these times. However, 43% of peak energy demand is caused by households and this potential has been untapped costing the energy market billions of dollars every year globally. We have developed an innovative platform that uses A.I. to pay people for saving energy when the grid is under stress. Equiwatt’s solution engages with households digitally and exploits demand flexibility of connected devices to smooth out the peaks in electricity demand. Our advanced self-learning algorithms makes residential DSR feasible by improving the reliability of aggregated domestic loads for demand-side engagement with time.