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E&T Honorable Mention: Watt IS pitch
1. Watt Intelligent Solutions
True Efficiency starts with
Intelligent Solutions
André Pina, apina@watt-is.com
www.watt-is.com
Carlos Silva, csilva@watt-is.com
Miguel Carvalho, mcarvalho@watt-is.com
2. The Problem & The Opportunity
Smart meters are being installed worldwide, pushed by:
• Potential economic benefits from remote metering and energy efficiency;
• European Directive 2009/72/EC to have 80% of consumers with smart meters
by 2020 and COM(2011) 370 for energy provider companies to promote energy
efficiency programs to reduce energy consumption by 1,5%
• $8 Billion pack from the US Government to update the electricity grid.
Smart Electricity
meter utility
companies
Aggregated electricity consumption data from smart meters
(every 10/15 minutes)
3. Watt-IS Innovative Approach
Watt-IS wants to capitalize on the smart meter infrastructure that is being deployed
by creating value added services that:
• Can help utilities and smart metering companies promote energy efficiency in
residential clients
• Help optimize the overall energy supply chain through a better knowledge of
consumers
Proprietary Dish washer Washer
Software Fridge
with
Working
Prototype
4. Watt-IS Innovative Approach
• Uses infrastructure that is Energy Utility
already being deployed (smart Company
meters)
• Doesn’t rely on additional 0,4
1,0 1,3
equipment
1,7
2,7
CO2 Emissions per day
(Kg CO2/day)
• Identifies main appliances in June
May 0,8
2,3 2,9
the households April
3,8
5,8
455 460 465 470 475 480 485 Electricity consumption
per day (kWh/day)
kWh
Average energy consumption of typical households
• Estimates energy efficiency HOUSEHOLD SPECIFIC ENERGY EFFICIENCY MEASURES
• Change energy tariff to the dual period tariff and you will save 20 €/year
measures •
•
•
Start using your dishwasher and washing machine after 23:00 and you will save 15 €/year
Comparatively with the average household client your standby is over 30%
Comparatively with the average household client you are currently using more 15% electricity in
refrigerators. If you have an old refrigerator consider replacing it by a class A+
Powered by
5. Smart Meters Penetration Rate
250
Millions
200
CAGR, approx. 23% We estimate about 225 Million
# Smart Meters
150 meters in the EU and the U.S. in
100 2020. Other countries such as
China, Australia and Brazil are
50 also installing meters.
0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Rest of Europe Italy France UK
Spain Portugal Malta U.S.
Current prices for analysis of electricity consumption:
• Opower charges utilites 7 € per year per client
• The solution proposed by smart meters and plugs providers costs around 30 €
per year to the consumers
Estimated market in the EU and the U.S. of:
• 294 - 1200 M€ per year with current smart meter penetration
• 1600 – 6900 M€ per year in 2020
6. Who is Watt-IS
André Pina:
PhD student in Sustainable Energy Systems (IST -
MIT Portugal Program)
Carlos Silva:
Invited Assistant Professor (IST - MIT Portugal
Program) and Energy Efficiency Area coordinator of
ENERGYIN
Miguel Carvalho:
Executive MBA (AESE/IESE Business School) and
Executive Director of the MIT Portugal Program
7. Funding needed and application
SEED FUNDING
400K€ (First 18 months)
PRODUCT DEVELOPMENT SUPPORT COSTS
Personnel (Salaries + Training) – 62% Headquarters & Structure Costs – 16%
• CEO & CTO Promotion – 11%
• 6 Engineers (IT, Signal Processing & • Business Development Meetings
Energy Background) • Conferences
• 1 Project Manager • Web Presence
IT Equipment – 12%
WATT-IS ROADMAP
# Households reached
4.500 80.000
2012 2013
1st Pilot Project 2nd Pilot Project 1st Customer 1st Customer Abroad
Portugal Other European Country Portugal Other European Country
(1st semester 2012) (2nd semester 2012) (1st semester 2013) (2nd semester 2013)
8. Watt Intelligent Solutions
True Efficiency starts with
Intelligent Solutions
André Pina, apina@watt-is.com
www.watt-is.com
Carlos Silva, csilva@watt-is.com
Miguel Carvalho, mcarvalho@watt-is.com