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Innowatts announces jobs and investment for Cork

Written by Robert McHugh, on 26th Apr 2021. Posted in Technology

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Innowatts, the artificial intelligence (AI)-enabled SaaS platform for global energy providers, today announces plans to create more than 40 new energy transition jobs to drive its European expansion. 

Headquartered in Houston, Texas, Innowatts partners with energy retailers and grid operators worldwide, including Direct Energy, Shell and Iberdrola. Connected to over 43 million smart meters globally, Innowatts’ AI-driven platform analyses over five billion data points every hour.

The company, which has operated in Europe since 2019, sees enormous potential to empower electricity suppliers and grid operators to gain unrivalled insights that will support them in the transition to a sustainable energy system.
 
As part of the expansion, Innowatts is establishing its European headquarters in Cork, Ireland supported by IDA Ireland. The team will focus on providing AI-driven data and analysis to deliver quality insights and services for the European and global electricity market. The new roles created include data architects, data scientists, full stack and dev-op engineers alongside energy specialist roles including wholesale market traders, forecasters and risk managers. 
 
Welcoming the news, Tánaiste and Minister for Enterprise Trade & Employment Leo Varadkar said, "I’m very pleased to see that Innowatts is establishing a new office in Cork, which will create over 40  new jobs over the next year or so. The work of companies like Innowatts is important to help ensure Ireland’s transition to a sustainable future. I wish the team every success with their new office."

Chief Product and Technology Officer and General Manager Europe, David Boundy added, "The goal for our expansion in Europe is to help electricity suppliers, grid operators and their customers make the most out of the transition to a smarter, greener energy system. By summer 2021, the UK alone is expected to have over 25 million smart meters producing billions of bits of data an hour. However, to date, much of this data has remained untapped. We’re here to change that."

Source: www.businessworld.ie

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