xWatts
About xWatts
xWatts provides an intelligent energy management system that utilizes predictive modeling and real-time data analysis to optimize the performance of energy assets in commercial buildings. By reducing energy waste and operational costs, the platform delivers an average energy savings of over 25% and a fourfold return on investment within the first year.
```xml <problem> Commercial buildings often suffer from energy waste due to inefficient operation of energy assets, leading to increased operational costs and reduced profitability. Manual optimization and lack of real-time insights hinder effective energy management. </problem> <solution> xWatts offers an intelligent energy management system that leverages predictive modeling and real-time data analysis to optimize the performance of energy assets within commercial buildings. The platform connects to existing control systems, ingesting historical and real-time equipment data to train custom prediction models. These models then provide insights and recommendations to reduce energy waste, improve asset performance, and maximize profitability. By automating optimization and providing accurate energy predictions, xWatts helps engineers improve day-to-day operations and make more informed decisions. </solution> <features> - Predictive modeling for energy optimization across various systems, including cogeneration (CHP), solar generation, HVAC, geothermal generation, and battery storage. - Real-time data analysis and monitoring to identify areas of energy waste and inefficiency. - Secure connection to existing control systems for seamless data ingestion. - Custom optimization models tailored to specific operational goals and objectives. - Measurement and verification services to track and validate energy savings. - Integration with existing building management systems. </features> <target_audience> The primary target audience includes engineers and operators in commercial buildings and power plants seeking to improve energy efficiency, reduce operational costs, and maximize the profitability of their energy assets. </target_audience> <revenue_model> xWatts generates revenue through software licensing fees and potentially performance-based contracts tied to energy savings achieved. </revenue_model> ```
What does xWatts do?
xWatts provides an intelligent energy management system that utilizes predictive modeling and real-time data analysis to optimize the performance of energy assets in commercial buildings. By reducing energy waste and operational costs, the platform delivers an average energy savings of over 25% and a fourfold return on investment within the first year.
Where is xWatts located?
xWatts is based in London, United Kingdom.
When was xWatts founded?
xWatts was founded in 2022.
How much funding has xWatts raised?
xWatts has raised 1945810.
Who founded xWatts?
xWatts was founded by Yigit Akar and Alexander A..
- Yigit Akar - Co-founder/CEO
- Alexander A. - Co-Founder
- Location
- London, United Kingdom
- Founded
- 2022
- Funding
- 1945810
- Employees
- 8 employees
- Major Investors
- Antler, Plug and Play, Parkwalk Advisors, Cambridge Angels group, R42 Group