Watt Intelligent Solutions                             True Efficiency starts with                                   Intel...
The Problem & The OpportunitySmart meters are being installed worldwide, pushed by:• Potential economic benefits from remo...
Watt-IS Innovative Approach Watt-IS wants to capitalize on the smart meter infrastructure that is being deployed by creati...
Watt-IS Innovative Approach • Uses infrastructure that is     Energy Utility already being deployed (smart     Company met...
Smart Meters Penetration Rate                            250                 Millions                            200      ...
Who is Watt-IS          André Pina:          PhD student in Sustainable Energy Systems (IST -          MIT Portugal Progra...
Funding needed and application                                        SEED FUNDING                                        ...
Watt Intelligent Solutions                             True Efficiency starts with                                   Intel...
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E&T Honorable Mention: Watt IS pitch

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E&T Honorable Mention: Watt IS pitch

  1. 1. Watt Intelligent Solutions True Efficiency starts with Intelligent SolutionsAndré Pina, apina@watt-is.com www.watt-is.comCarlos Silva, csilva@watt-is.comMiguel Carvalho, mcarvalho@watt-is.com
  2. 2. The Problem & The OpportunitySmart 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. 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 consumersProprietary Dish washer WasherSoftware FridgewithWorkingPrototype
  4. 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. 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. 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. 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. 8. Watt Intelligent Solutions True Efficiency starts with Intelligent SolutionsAndré Pina, apina@watt-is.com www.watt-is.comCarlos Silva, csilva@watt-is.comMiguel Carvalho, mcarvalho@watt-is.com

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