Innowatts' selection recognizes its use of best-in-class artificial intelligence technologies to modernize the power grid, optimize energy efficiency efforts, and facilitate decarbonization goals
June 16, 2020. By News Bureau
Inowatts, a data analytics company that helps utilities and energy retailers from around the world optimize their businesses with energy usage data and AI-enabled predictive analytics, has announced its selection by the World Economic Forum as one of the most promising Technology Pioneers of 2020.
Each year, the Forum honors a limited number of companies as Technology Pioneers as part of its ongoing efforts to amplify vital new perspectives on key global priorities. This year marks the 20th anniversary of the Tech Pioneers community, which includes notable alumni such as Airbnb, Google, Mozilla, Palantir Technologies, Spotify, and Twitter.
Innowatts' selection recognizes its use of best-in-class artificial intelligence technologies to modernize the power grid, optimize energy efficiency efforts, and facilitate decarbonization goals. Innowatts' company mission aligns strongly with one of the World Economic Forum's core platforms: Accelerating the transition to a more sustainable, secure, and affordable energy system.
As a 2020 Tech Pioneer, Innowatts also uses its technology to support COVID-19 responses around the world. During these turbulent times, with employees working from home and businesses shifting gears, energy demand patterns are changing dramatically. Innowatts' AI-based demand forecasting tools help energy providers adapt quickly to short-term shocks, allowing them to operate sustainably and keep costs low for businesses and consumers.
In recognition of Innowatts' achievement, CEO Siddhartha Sachdeva will be invited to participate at World Economic Forum activities, events, and discussions throughout the year. Innowatts will also contribute to Forum initiatives over the next two years, working with policymakers and private-sector leaders to shape the global agenda on key issues.
"We're excited to welcome Innowatts to our 20th cohort of Technology Pioneers," says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. "Innowatts and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world."
"It's an honor to be acknowledged as a pioneer by the World Economic Forum and given the opportunity to contribute to solving key global issues," said Sachdeva. "The energy landscape is changing by the minute. Innowatts looks forward to leveraging our technology expertise and collaborating with both public- and private-sector leaders to find new solutions and work to future-proof our energy ecosystem."
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