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Top 10 Startups developing AI for Energy efficiency
Updated: April 15, 2024 |
AI is used to track and optimize energy efficiency, make accurate forecasts, helping to inform power supply and demand, model utility cost savings and optimize power consumption in smart homes.
1
Country: UK | Funding: $2.9B
Octopus Energy develops cloud-based smart grid platform and provides fair prices forever and greener energy from the UK's largest investor in solar generation. It uses an innovative AI and data-based platform to balance loads around the grid.
Octopus Energy develops cloud-based smart grid platform and provides fair prices forever and greener energy from the UK's largest investor in solar generation. It uses an innovative AI and data-based platform to balance loads around the grid.
2
Country: UK
Google's DeepMind is the world leader in artificial intelligence research and its application in different fields, like games, medicine, energy efficiency.
Google's DeepMind is the world leader in artificial intelligence research and its application in different fields, like games, medicine, energy efficiency.
3
Country: USA | Funding: $582.6M
Stem pairs artificial intelligence with energy storage to help organizations automate energy cost savings and protect against changing rates.
Stem pairs artificial intelligence with energy storage to help organizations automate energy cost savings and protect against changing rates.
4
Country: USA | Funding: $286.6M
SparkCognition engages in developing AI-Powered cyber-physical software for the safety, security, and reliability of IT, OT, and the IoT. SparkCognition builds artificial intelligence solutions for applications in energy, oil and gas, manufacturing, finance, aerospace, defense, and security.
SparkCognition engages in developing AI-Powered cyber-physical software for the safety, security, and reliability of IT, OT, and the IoT. SparkCognition builds artificial intelligence solutions for applications in energy, oil and gas, manufacturing, finance, aerospace, defense, and security.
5
Country: USA | Funding: $270.9M
Powering Actionable Weather Insights Around the World: helping people manage weather related challenges with the best information & insights
Powering Actionable Weather Insights Around the World: helping people manage weather related challenges with the best information & insights
6
Country: USA | Funding: $230M
Nest Labs is a home automation company manufacturing sensor-driven, Wi-Fi-enabled, self-learning thermostats and smoke detectors.
Nest Labs is a home automation company manufacturing sensor-driven, Wi-Fi-enabled, self-learning thermostats and smoke detectors.
7
Country: Sweden | Funding: $181.2M
Tibber is a digital electricity supplier that uses AI to switch around power for houses based on their predicted levels of consumption.
Tibber is a digital electricity supplier that uses AI to switch around power for houses based on their predicted levels of consumption.
8
Country: USA | Funding: $161M
AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data. Acquired by Schneider Electric
AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data. Acquired by Schneider Electric
9
Country: USA | Funding: $158.5M
Beyond Limits is an Industrial and Enterprise grade AI technology company that covers the full range of Artificial Intelligence capabilities
Beyond Limits is an Industrial and Enterprise grade AI technology company that covers the full range of Artificial Intelligence capabilities
10
Country: USA | Funding: $150k
Hank is enabling service providers and building owners to proactively manage HVAC costs, lower tenant complaints, and strengthen relationships with an AI-powered virtual building engineer.
Hank is enabling service providers and building owners to proactively manage HVAC costs, lower tenant complaints, and strengthen relationships with an AI-powered virtual building engineer.
See also:
Top 10 Renewable Energy startups
Top 10 Renewable Energy startups
11
Country: USA | Funding: $120M
On.Energy is an energy storage developer that offers AI-powered energy management software and in-house analytics for grid-scale projects.
On.Energy is an energy storage developer that offers AI-powered energy management software and in-house analytics for grid-scale projects.
12
Country: USA | Funding: $109M
Urbint predicts threats to workers and critical infrastructure to stop incidents before they happen.
Urbint predicts threats to workers and critical infrastructure to stop incidents before they happen.
13
Country: France | Funding: $78.6M
Kayrros is an advanced data analytics company that helps global energy market participants make better investment decisions.
Kayrros is an advanced data analytics company that helps global energy market participants make better investment decisions.
14
Country: Canada | Funding: $75.1M
BrainBox AI utilizes cloud-based computing, algorithms, and a proprietary process to create an autonomous building technology.
BrainBox AI utilizes cloud-based computing, algorithms, and a proprietary process to create an autonomous building technology.
15
Country: USA | Funding: $72.5M
FogHorn is a path-breaking multi-tier IoT application deployment platform that efficiently bridges Information Technology. It provides a complete edge solution consisting of a highly miniaturized complex event processing (CEP) engine, also known as an analytics engine and machine learning (ML) capability to help derive real-time insights right at the edge.
FogHorn is a path-breaking multi-tier IoT application deployment platform that efficiently bridges Information Technology. It provides a complete edge solution consisting of a highly miniaturized complex event processing (CEP) engine, also known as an analytics engine and machine learning (ML) capability to help derive real-time insights right at the edge.
17
Country: USA | Funding: $51.5M
Verdigris Technologies is a SaaS-based platform that develops artificial intelligence in order to optimize energy consumption.
Verdigris Technologies is a SaaS-based platform that develops artificial intelligence in order to optimize energy consumption.
18
Country: France | Funding: €40M
METRON's unique AI, supported by Machine Learning and ontologies, is fully context-aware and provides unrivaled insight into energy usage. METRON-EVA, the "Energy Virtual Assistant", collaborates with experts on energy intelligence strategies.
METRON's unique AI, supported by Machine Learning and ontologies, is fully context-aware and provides unrivaled insight into energy usage. METRON-EVA, the "Energy Virtual Assistant", collaborates with experts on energy intelligence strategies.
19
Country: USA | Funding: $38M
Worlds' technology combines deep learning and IoT inside of a 4D environment to give organizations the ability to observe their organization’s physical space and then, analyze and learn from their physical surroundings
Worlds' technology combines deep learning and IoT inside of a 4D environment to give organizations the ability to observe their organization’s physical space and then, analyze and learn from their physical surroundings
20
Country: Canada | Funding: $29.1M
Ambyint delivers an Artificial Intelligence (AI) Driven automation and analytics solution for artificial lift optimization that builds on traditional physics-based techniques.
Ambyint delivers an Artificial Intelligence (AI) Driven automation and analytics solution for artificial lift optimization that builds on traditional physics-based techniques.
21
Country: USA | Funding: $25.6M
Osperity's technology provides AI-driven intelligent visual monitoring for industrial operations that can result in improved safety, reduced carbon footprints, and more.
Osperity's technology provides AI-driven intelligent visual monitoring for industrial operations that can result in improved safety, reduced carbon footprints, and more.
22
Country: UK | Funding: £21.4M
QiO Technologies is an AI sustainability tech company that provides a sustainability suite to reduce greenhouse gas emissions.
QiO Technologies is an AI sustainability tech company that provides a sustainability suite to reduce greenhouse gas emissions.
23
Country: South Korea | Funding: $25.4M
Energy X has developed an AI-driven platform that allows corporate and individual users to invest in renewable energy projects worldwide.
Energy X has developed an AI-driven platform that allows corporate and individual users to invest in renewable energy projects worldwide.
24
Country: USA | Funding: $24.3M
Innowatts’ platform transforms how energy providers understand and serve their customers. We use AI to unlock meter-level data, provide consumer insights and make businesses processes automated and smarter for energy retailers, utilities and grid operators.
Innowatts’ platform transforms how energy providers understand and serve their customers. We use AI to unlock meter-level data, provide consumer insights and make businesses processes automated and smarter for energy retailers, utilities and grid operators.
25
Country: Switzerland | Funding: $21.5M
Jua develops AI for weather-dependent power and energy traders
Jua develops AI for weather-dependent power and energy traders
26
Country: Finland
Leanheat aims to use artificial intelligence to improve climate control in multi-family buildings.
Leanheat aims to use artificial intelligence to improve climate control in multi-family buildings.
27
Country: Netherlands | Funding: €12.5M
Dexter provides forecasting and dispatching solutions based on AI and cloud-based technology that increases efficiency and reduces cost.
Dexter provides forecasting and dispatching solutions based on AI and cloud-based technology that increases efficiency and reduces cost.
28
Country: USA | Funding: $13.4M
HData is a RegTech company that is digitizing the entire regulated energy industry by automating access to critical analytics.
HData is a RegTech company that is digitizing the entire regulated energy industry by automating access to critical analytics.
29
Country: Israel | Funding: $13M
Grid4C develops AI and Machine Learning solutions to extract maximum business value out of smart meters and IoT data, embedding algorithms at the grid edge, while delivering predictive insights for energy providers, their customers, and the grid.
Grid4C develops AI and Machine Learning solutions to extract maximum business value out of smart meters and IoT data, embedding algorithms at the grid edge, while delivering predictive insights for energy providers, their customers, and the grid.
30
Country: Canada | Funding: CA$14.7M
BluWave-ai uses artificial intelligence to improve operations for energy grids and renewable energy sources like wind and solar farms
BluWave-ai uses artificial intelligence to improve operations for energy grids and renewable energy sources like wind and solar farms
31
Country: Israel | Funding: $10.2M
Raycatch has developed DeepSolar, an innovative, AI-driven digital asset management system that automates and optimizes solar PV assets, making renewable energy more efficient, accessible and profitable.
Raycatch has developed DeepSolar, an innovative, AI-driven digital asset management system that automates and optimizes solar PV assets, making renewable energy more efficient, accessible and profitable.
32
Country: India | Funding: $8.5M
Flutura is an AI Solutions company focused on improving two core business objectives of "Asset Uptime" and "Operational Efficiency". Flutura does this with Cerebra, their AI Platform tuned for IIOT in Oil & Gas, Process Manufacturing, and Heavy machinery manufacturing industries, powering connected asset and connected operations use cases.
Flutura is an AI Solutions company focused on improving two core business objectives of "Asset Uptime" and "Operational Efficiency". Flutura does this with Cerebra, their AI Platform tuned for IIOT in Oil & Gas, Process Manufacturing, and Heavy machinery manufacturing industries, powering connected asset and connected operations use cases.
33
Country: USA | Funding: $8M
Myst AI is a developer of the AI-based data analysis platform intended for electricity demand and supply forecasting.
Myst AI is a developer of the AI-based data analysis platform intended for electricity demand and supply forecasting.
34
Country: USA | Funding: $6.9M
Blue Wave AI Labs is using predictive analytics to operate nuclear reactors across the United States and to help them operate as safely and efficiently as possible
Blue Wave AI Labs is using predictive analytics to operate nuclear reactors across the United States and to help them operate as safely and efficiently as possible
35
Country: Sweden | Funding: $6.9M
Skyqraft conducts aerial inspection of power lines through unmanned airplanes and machine learning
Skyqraft conducts aerial inspection of power lines through unmanned airplanes and machine learning
36
Country: UK | Funding: £4.4M
Limejump’s AI Virtual Power Platform is an aggregation of flexible energy generation and storage assets of different sizes and technology types. They aim to deliver 100% renewable energy at all times to customers through the direct real-time connectivity between renewable energy sources, batteries and demand response.
Limejump’s AI Virtual Power Platform is an aggregation of flexible energy generation and storage assets of different sizes and technology types. They aim to deliver 100% renewable energy at all times to customers through the direct real-time connectivity between renewable energy sources, batteries and demand response.
37
Country: Canada | Funding: $5M
Invenia’s Energy Intelligence System is a cloud-based machine learning platform that uses big, high frequency data to solve complex problems in real time. Invenia currently applies its platform to optimize electric utility operations as well as electricity markets themselves.
Invenia’s Energy Intelligence System is a cloud-based machine learning platform that uses big, high frequency data to solve complex problems in real time. Invenia currently applies its platform to optimize electric utility operations as well as electricity markets themselves.
38
Country: USA | Funding: $4.5M
Buzz Solutions is developing artificial intelligence technology to spot and analyze power line flaws so companies can repair them before a fire starts.
Buzz Solutions is developing artificial intelligence technology to spot and analyze power line flaws so companies can repair them before a fire starts.
39
Country: Germany | Funding: $4.4M
DABBEL controls the energy system in buildings using AI technology, reducing energy consumption and CO₂ emissions up to 40%
DABBEL controls the energy system in buildings using AI technology, reducing energy consumption and CO₂ emissions up to 40%
40
Country: Germany | Funding: €3.8M
ANNEA is predictive and prescriptive maintenance platform for wind turbines, solar farms, and hydropower plant machines. Its end-to-end solutions enable you to create digital twins of each component of your devices through artificial intelligence, physical modeling, and normal behavior modeling. It then analyzes any damaged parts and replicates them.
ANNEA is predictive and prescriptive maintenance platform for wind turbines, solar farms, and hydropower plant machines. Its end-to-end solutions enable you to create digital twins of each component of your devices through artificial intelligence, physical modeling, and normal behavior modeling. It then analyzes any damaged parts and replicates them.
41
Country: Romania | Funding: €2.6M
Ogre AI develops automated B2B platform which uses machine learning to offer financial and operational decision-making support to energy and utilities companies. It is leveraging novel data sources and machine learning to provide more accurate renewable energy forecasting.
Ogre AI develops automated B2B platform which uses machine learning to offer financial and operational decision-making support to energy and utilities companies. It is leveraging novel data sources and machine learning to provide more accurate renewable energy forecasting.
42
Country: Estonia | Funding: €2.4M
R8 Digital Operator develops artificially intelligent add-on software for your existing Building Automation System (BAS, BMS).
R8 Digital Operator develops artificially intelligent add-on software for your existing Building Automation System (BAS, BMS).
43
Country: USA | Funding: $2.5M
COI Energy Solutions solves energy waste using Artificial Intelligence, Machine Learning, and Blockchain enabled technology to make the world more energy efficient
COI Energy Solutions solves energy waste using Artificial Intelligence, Machine Learning, and Blockchain enabled technology to make the world more energy efficient
44
Country: India | Funding: ₹197M
Ossus uses waste carbon in industrial effluents as the starting material for green hydrogen. The startup has developed an AI-powered, intelligent bioreactor.
Ossus uses waste carbon in industrial effluents as the starting material for green hydrogen. The startup has developed an AI-powered, intelligent bioreactor.
45
Country: Singapore | Funding: SGD3M
TablePointer is the AI solution for small and medium commercial facilities, helping them optimise energy usage and increase profitability.
TablePointer is the AI solution for small and medium commercial facilities, helping them optimise energy usage and increase profitability.
46
Country: UK | Funding: $1.4M
SMPnet is developing software to control power grids using AI. Its software is used by providers offering energy services, utilities, and microgrid services.
SMPnet is developing software to control power grids using AI. Its software is used by providers offering energy services, utilities, and microgrid services.
47
Country: Spain | Funding: $1M
Nnergix is a weather analytics startup focused in the renewable energy industry. Nnergix incorporates artificial intelligence to improve the accuracy of renewable energy forecasting.
Nnergix is a weather analytics startup focused in the renewable energy industry. Nnergix incorporates artificial intelligence to improve the accuracy of renewable energy forecasting.
48
Country: USA
Evolve Energy is the energy company of the future - Evolve saves consumers 50% on their energy costs through AI and IOT
Evolve Energy is the energy company of the future - Evolve saves consumers 50% on their energy costs through AI and IOT
49
Country: Serbia
SmartCat develops software (powered by AI) used to optimize heating and cooling devices, i.e. to reduce electricity consumption.
SmartCat develops software (powered by AI) used to optimize heating and cooling devices, i.e. to reduce electricity consumption.
50
Country: Ukraine
Neurons Lab specializes in designing AI-based solutions for SMBs and startups. It uses AI to maximize energy output in energy stations, optimize vessels' engines, diagnose diseases basing on wearables' data.
Neurons Lab specializes in designing AI-based solutions for SMBs and startups. It uses AI to maximize energy output in energy stations, optimize vessels' engines, diagnose diseases basing on wearables' data.