From managing and speedy threat detection to intelligent robots that improve accuracy and convenience of work completion, Artificial intelligence is slowly but surely encroaching on our daily lives. Artificial Intelligence is developed to serve every aspect of human lives. AI is used to estimate utility cost savings, optimize power use in smart homes, track and optimize energy efficiency, produce accurate forecasts, and help guide power supply and demand.
Here are the top 20 Startups developing AI for Energy efficiency.
1. Octopus Energy
Country: UK | Funding: $1.5B
UK’s fourth-largest energy supplier and largest investor in solar energy, Octopus Energy builds a cloud-based smart grid technology that offers fair rates forever and cleaner energy. Octopus Energy was established in 2015. it is reported to have over three million residential and commercial clients as of September 2021.
To balance loads throughout the grid, it makes use of a cutting-edge AI and data-based platform.
2. DeepMind
Country: UK
Founded in 2010, DeepMind Technologies is a British artificial intelligence and research laboratory of Alphabet Inc. DeepMind has applications in different fields, like games, medicine, and energy.
3. Stem
Country: USA | Funding: $582.6M
Stem provides integrated solutions to assist businesses in energy cost savings and protecting fluctuating rates. Stem combines artificial intelligence with clean energy solutions and services to build resilient value across all energy assets.
4. SparkCognition
Country: USA | Funding: $286.6M
SparkCognition with the use of its Award-winning AI technologies develops AI applications for the energy, oil and gas, manufacturing, financial, aerospace, defence, and security industries.
SparkCognition can forecast the future, streamline operations, and guard against cyberattacks.
5. Nest Labs
Country: USA | Funding: $230M
Nest Labs also known as Google Nests after Google acquired the firm in 2015, specializes in home automation, programmable WiFi-enabled devices, smart self-learning thermostats, and efficient smoke detectors.
6. ClimaCell
Country: USA | Funding: $183.9M
Tomorrow.io, formerly known as ClimaCell offers APIs and real-time weather forecasting insights around the world to help individuals and industries manage weather-related issues.
7. Tibber
Country: Sweden | Funding: $181.2M
Tibber is an electricity service that uses accessible digital tools and insights to make the electricity consumption of end users smarter. Tibber doubles as the World’s first digital energy firm.
8. Autogrid
Country: USA | Funding: $161M
Recently acquired by Schneider Electric, AutoGrid Energy company distributes energy resources with the use of Energy internet applications and data to meet up real-time energy demands all over the world.
9. Beyond Limits
Country: USA | Funding: $158.5M
Beyond limits is a full-service artificial Intelligence company that provides cutting-edge cognitive AI solutions with the resiliency, reasoning, and autonomy needed to handle difficult business situations on Earth in the immense scale and unpredictability of space.
10. Hank
Country: USA | Funding: $150k
Hank is a virtual engineering platform that integrates energy in the building management system and third-party APIs to control the HVAC, lighting, and security of buildings, allowing property owners to improve comfort while at the same time automatically modifying settings to achieve optimum savings.
11. Urbint
Country: USA | Funding: $109M
Urbint is a trusted software service that uses real-world data and artificial intelligence to predict workspace threats and risks up to a week before it happens. It is reliable and used by the biggest infrastructures and energy firms in North America.
12. Kayrros
Country: France | Funding: $78.6M
Leading provider of cutting-edge energy and environmental geo-analytics, Kayrros supports energy participants(traders, investors, operators, and governments) decision-making process by offering insight into the risk associated with climate and energy transition.
13. Foghorn Systems
Country: USA | Funding: $72.5M
By bringing analytics and machine learning to the on-premises edge environment, Forghon Systems allows applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance, and operational intelligence use cases.
14. Carbon Relay
Country: USA | Funding: $68M
Carbon Relay utilizes artificial intelligence to assist IT professionals in cooling down large buildings. It achieves this by causing a spark in the data center sector and increasing data centers’ energy efficiency.
15. Verdigris Technologies
Country: USA | Funding: $40.7M
An IIoT cleantech platform for energy management in commercial and industrial smart buildings, Verdigris is powered by AI. The system from Verdigris makes use of unique hardware, artificial intelligence, and software programs to provide insights into building processes and enable energy savings.
16. METRON
Country: France | Funding: €40M
Offering a revolutionary energy intelligence platform(Metron Eva) and more, METRON uses the power of AI and big data to usher in a new era of innovation in the energy industry.
17. Ambyint
Country: Canada | Funding: $29.1M
Ambyint is a market leader in AI-driven optimization for the oil and gas sector. By merging traditional physics, domain knowledge, and artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems, Ambyint offers step-change improvements to E&P production outcomes and margins.
18. Osperity
Country: USA | Funding: $25.6M
Utilizing virtual asset inspections, automated leak detection, safety monitoring, and proactive activity detection and alerting at remote sites, Osperity enables customers through the use of AI to boost productivity, improve HSE compliance, and strengthen security and accountability
19. Innowatts
Country: USA | Funding: $24.2M
With the use of artificial intelligence, Innowatts provides a digital energy platform that transforms and streamlines the energy value chain across all power markets in the world. This helps grid operators become more lucrative and enhance customer experiences.
20. Leanheat
Country: Finland
Leanheat manages energy-efficient buildings with the use of Artificial intelligence and the Internet. It keeps indoor conditions consistent, makes building maintenance proactive and effective, and reduces heat.
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