press release

20 December 2018

NET2GRID acquires license to WATTY technology

Stockholm, Sweden - Zeist, the Netherlands - Dutch energy data analysis specialist NET2GRID has acquired a license to WATTY’s real time appliance recognition technology. It thereby extends its successful data disaggregation service with more real time analysis capabilities.

NET2GRID’s current energy data disaggregation service is sought after by residential energy suppliers across the world, because of its high accuracy and cost effectiveness. It provides them an effective tool in engaging with their customers providing them meaningful information about their energy consumption. NET2GRID is growing rapidly with this technology and beliefs it will remain dominant in the coming years.

NET2GRID believes that in two years time, in addition to its current market, a new market will evolve towards appliance detection in real time. This will fuel applications for consumers to make their homes more convenient and less energy consuming

NET2GRID is already active in this market. For regions without access to smart meter data, an easy to install, DIN form-factor, current clamp was developed. Through this product, sub-second data is available allowing real-time appliance activity recognition. NET2GRID is committed to further enhance this technology. The acquisition of WATTY’s real time technology will accelerate this.

Hjalmar Nilsonne, founder and CEO of Watty, is proud to announce the agreement: “During the last years, the Watty team has made great progress enforcing its real time disaggregation solution. We are now able to automatically detect more than six different appliances in real time, there is no other service able to do so in real time.”

Access to a large dataset with 2000 samples per second is essential when using machine learning to build models for automated appliance recognition using transient event-based extraction. “The data sets collected over time by Watty will help our team enhancing the algorithms for Non Intrusive Load Monitoring.”, according to Bert Lutje Berenbroek, CEO of NET2GRID.

About WATTY
Watty AB, a Stockholm-based company, was founded in 2013 by Hjalmar Nilsonne. Powered by AI, it helps you make smart energy decisions and keeps your home and family safe. A world leader in energy data analytics. Wired ranked Watty as one of the hottest startups in Europe in 2017.
More information: www.watty.io
Press contact: Maral Kalajian +46 762 319 809 maral@watty.io

About NET2GRID
NET2GRID is one of the leading companies world wide of real time NILM (non-intrusive load monitoring) services. NET2GRID’s energy insight platform, is reducing your cost to serve while increasing customer engagement. Greater energy consumption insights and deeper, more trusting customer relationships translate into upsell activity and reduced churn. It is our solution to engage your customer. The company was founded in 2011 and holds office in The Netherlands and Greece.

Media Contact
NET2GRID BV
Berend Olde Rikkert
press@net2grid.com
Tel: +31 30 304 00 86

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