IoT is disrupting industries across the world. From manufacturing to healthcare, and now to energy, the Internet of Things (IoT) has enabled the metering, monitoring, and automation of various services.
Many companies are taking advantage of smart grids and smart meters to enable them to better manage the flow of power, help reduce costs and improve customer service.
Therefore, IoT-based smart energy management solutions are revolutionizing the way homes and companies manage their energy.
As a result, many firms, including Wattnow, are developing simple methods to manage energy costs and help reduce carbon emissions.
Given constantly growing energy prices around the world, firms’ ability to effectively manage their resources is becoming increasingly important for their survival.
In some industries, wasted energy can approach 30%, so having a comprehensive, cost-effective, and simple-to-use system is a wonderful way to offset these losses and reduce your carbon footprint.
Wattnow is an IoT Smart Energy Management Solution founded in 2018 by Issam Smaali that allows businesses to take control of their energy by lowering their energy expenditures and carbon impact.
Wattnow allows businesses to monitor their power consumption in real-time, regulate and automate particular loads (such as lighting or HVAC), and generate notifications and messages when something goes wrong using a blend of plug-and-play hardware and software.
Machine learning engines are used to interpret the data collected by their smart sensors. These data may be accessed through a cloud-based dashboard, which empowers businesses by providing thorough statistics and analytics on their energy usage.
The company’s main goal is to develop a reliable and affordable energy efficiency solution for industrials, commercial buildings, and businesses.
The $1.3 million investment round included Katapult, a Norwegian climate impact fund, 216 Capital, a Tunisian venture capital firm, and Launch Africa, an African venture capital firm.
There was also a follow-on investment from Oman Technology Fund, which has previously invested in Wattnow and Crossboundary as well as being an Angel investor in the Kingdom of Saudi Arabia.
Wattnow was one of the foremost North African firms to make the SET100 list in 2021, which listed the top 100 energy companies from across the globe.
Traditional actors, system integrators, and cloud-based companies compete fiercely against the small Tunisian start-up, but it manages to stand out because of its great adaptation to developing markets and the specific data sets obtained that feed its machine learning engine and algorithms.
Wattnow is sufficient to convey out the information and trends that matter, as well as those that are relevant to the customers’ pain points in these regions.
You must be wondering how, in a fast-moving world characterized by intensified economic activities, and thanks to the new technologies, the IoT smart energy management solution was born.
Energy is a fundamental element for the implementation of human activities. The companies are increasingly facing new challenges to satisfy their customers who are becoming ever more demanding about quality, cost, and time performance of products and services.
Over the years, we’ve seen an increased demand for electricity and various other energy-related services. This has increased the need for proper management of energy for homes and companies.
One IoT solution that can help improve the management of energy is smart energy management. Major companies have used this technology to reduce their carbon footprint and increase business profits.
The introduction of the IoT smart energy management solution has improved the efficiency when it comes to the use of energy in many homes and businesses.
The reason for this is that a lot of money can be saved when it comes to energy bills. If you live in a home that is not well equipped with an effective cooling system, for example, you will definitely enjoy having a more efficient HVAC unit.
Wattnow was able to reduce maintenance work by 60% and prevent 1900 tCO2 eq, which is equivalent to the energy consumption of more than 200 US households in a year, in one of its case studies.
Another of Wattnow’s clients, Safran, began with a small pilot in Tunisia, then expanded to the entire facility, followed by another factory rollout, and Wattnow ultimately played a key role in Safran Tunisia receiving the Safran Group Innovation Prize in the low-carbon category.
The Internet of Things solution is critical for enterprises pursuing ISO 50001 certification, as well as for groups dedicated to reducing their environmental effect and aiming to increase the efficiency of their energy management.
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