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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
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)
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
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
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
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
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)
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

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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