Innowatts
Innowatts is an AI-native SaaS provider of meter-level energy analytics serving utilities, retail energy providers, and commercial/industrial customers across 13 regional markets globally. Its Precision Intelligence platform delivers load forecasting, behind-the-meter device identification, and grid optimization on data from 52-55 million meters; acquired by GridX in September 2025.
- Company typePrivate
- Founded2012
- HeadquartersHouston, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Innowatts does
Innowatts is an AI-native SaaS provider of meter-level energy analytics, founded in 2012 and headquartered in Houston, Texas, with engineering operations in Dublin. Its eUtility (Precision Intelligence) platform is structured around four modules - Connect (data ingestion with a proprietary Data Quality Engine validating 150+ parameters), Extract (AI-driven insights including behind-the-meter identification of EVs, solar, heat pumps, and batteries), Forecast (bottom-up demand, generation, and ISO forecasts combining a proprietary weather service with ML trained on 52-55 million meters), and Deliver (load scheduling, demand response, risk management, decarbonization, billing, and grid dispatch). The platform covers all US ISOs/RTOs (ERCOT, CAISO, ISONE, MISO, NYISO, PJM, SPP) and 13 regional energy markets globally.
The company sells annual subscription access to its platform to three primary segments: electric utilities and grid operators, retail energy providers, and commercial/industrial and public entities. Distribution combines direct enterprise field sales with channel partners (Capco, Therm), OEM embedding on Honeywell Forge Performance+ for Utilities, and integrations with billing, security, and data tools (ESG, Okta, Rapid7, Microsoft OneDrive). The company has SOC 2 Type II certification and was recognized as Frost & Sullivan's 2022 Energy Analytics Company of the Year.
On September 2, 2025 Innowatts was acquired by GridX, the leading Enterprise Rate Platform provider to utilities, combining meter-level forecasting with rate design and analytics. The combined entity serves more than 32 million homes and businesses. Prior to the acquisition, Innowatts had raised approximately $24.25 million across funding rounds including an $18.2 million Series B in May 2019 led by Energy Impact Partners, with strategic investors Shell Ventures, Iberdrola, Evergy Ventures, and Energy and Environment Investment.
Innowatts firmographics
Firmographics- Name
- Innowatts
- Legal name
- Innowatts, Inc.
- Website
- https://innowatts.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Innowatts is an AI-native SaaS provider of meter-level energy analytics serving utilities, retail energy providers, and commercial/industrial customers across 13 regional markets globally. Its Precision Intelligence platform delivers load forecasting, behind-the-meter device identification, and grid optimization on data from 52-55 million meters; acquired by GridX in September 2025.
- Ownership category
- akta.pro rank
Innowatts industry classification
Industry- Product category
- Energy Analytics Software
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design Services (541512)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Risk Reporting & Performance Management (BI, KPIs, Attribution) (EUAGAJAL)
- akta.pro secondary industry
- Data Engineering, Integration & ETL/ELT Services (BPAEAHAB)
Keywords
Where Innowatts is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Innowatts business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Platform Subscription: Annual subscription-based access to the Innowatts eUtility platform providing Connect, Extract, Forecast, and Deliver modules. Platform supports multiple data types (meter, trades, carbon, weather, market price) with API, SFTP, and Microsoft OneDrive integration for outputs.
- Analytics & Insights Services: Value delivered through actionable insights and forecasts including demand forecasting, BTM identification, wholesale settlements, mark-to-market, profitability analysis, and decarbonization reporting at meter level.
Go-to-market motion4 records
Distribution channels5 records
Marketing channels8 records
Innowatts product offering
Product offeringCore offering
Innowatts provides an AI/ML-powered SaaS energy analytics platform (eUtility / Precision Intelligence) that processes smart-meter, weather, trades, carbon and market-price data to deliver meter-level load forecasting, behind-the-meter asset identification (EVs, PVs, heat pumps, batteries), transformer-overload detection, wholesale settlements, and decarbonization analytics. It serves regulated utilities, retail energy providers, and commercial/industrial customers across the Americas, Europe, and Asia, and manages data from 52+ million meters globally.
Product overview
Innowatts offers the eUtility Platform and Precision Intelligence Platform, an AI-powered SaaS solution for energy analytics serving utilities, retail energy providers, and commercial/industrial entities. The platform is built around four core modules - Connect (data integration), Extract (insights generation), Forecast (predictive analytics), and Deliver (operational outcomes). These modules collectively process data from over 55 million meters to deliver actionable business intelligence enabling Net-Zero, Profitability, and Reliability goals. The platform includes specialized sub-products such as Transformer Overload Identification, Behind The Meter Identification, Weather Sensitivity, Wholesale Settlements, Mark-to-Market, Suitability for DER, Profitability, Grid Loading, Demand/Generation/ISO Forecast, Net Open Position, Scenario Analysis, Coincidence Peaks, Load Optionality, Grid Constraints, Load Scheduling, Demand Response, Risk Management, Decarbonisation, Cost Reduction, Customer Engagement, Billing, and Grid Dispatch & Planning.
Differentiator
Problem solved
Functional benefit
Products and services
- Innowatts Precision Intelligence Platform (eUtility Platform) AI-powered SaaS energy analytics platform built around four modules (Connect, Extract, Forecast, Deliver). Connects to business operations to ingest meter, trades, carbon, weather and market-price data; extracts 30+ meter-level insights including behind-the-meter device identification; produces award-winning demand, generation and ISO forecasts; and delivers outcomes such as load scheduling, risk management, decarbonization and grid dispatch for utilities, retail energy providers and C&I customers.
Quantifiable outcome
- 29% lower MAPE than ERCOT forecasts YTD 2025
- +5 more outcomes
Companies that use Innowatts
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Innowatts technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability5 records
Feature7 records
Innowatts partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- GridXcoreGridX acquired Innowatts on September 2, 2025 in a strategic acquisition. GridX is the leading Enterprise Rate Platform provider to utilities. The acquisition strengthens GridX by adding sophisticated meter-level forecasting capabilities that directly inform rate design and analysis. Combined offering addresses growing demands driven by DER expansion requiring more sophisticated forecasting and complex rate analysis.
- HoneywellcoreInnowatts AI-based energy analytics integrated as an application on Honeywell Forge Performance+ for Utilities platform. Utilities can harness data from smart meters and receive actionable insights around DER identification, load disaggregation, and customer segmentation. Addresses forecasting, DER integration, and real-time grid operations optimization.
- ThermcoreStrategic partnership combining Innowatts' energy data analytics and forecasting with Therm's real-time sales, pricing, and portfolio management capabilities. Presents Retail Energy Providers with comprehensive suite of solutions to enhance operations and ROI. Combined offering provides turn-key solution for energy retailers of any size.
- CapcocorePartnership brings together Innowatts' AI energy data analytics platform with Capco's delivery and technology expertise in retail energy and utility space. Capco offers business and technology consulting services including project management and integration solutions to reduce clients' exposure to market risk and other challenges.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Innowatts competitors and assessment
Company assessmentEmerging players
- Arcadia: Arcadia is a clean energy data platform that aggregates utility interval data for decarbonization and DER programs. Overlaps with Innowatts' Carbon Insights/Decarbonization modules and BTM identification, though Arcadia primarily serves the C&I and program administrator buyer.
- Leap: Leap is a DER asset monetization and demand response platform for utilities and retail energy providers. Comparable to Innowatts' DER Suitability, Demand Response, and Load Optionality modules serving overlapping retail energy provider customers.
Direct peers
- AutoGrid (Schneider Electric): AutoGrid, now part of Schneider Electric, provides AI-driven DER and load forecasting for utilities and energy retailers. Closely comparable to Innowatts' forecasting and grid optimization capabilities, especially Net Open Position and Demand Response.
- Bidgely: Bidgely offers meter-level energy disaggregation and customer analytics for utilities, including appliance-level insights and EV/PV/solar detection. Comparable to Innowatts' Extract/Behind-the-Meter modules serving the same utility customer base.
- EnergyHub: EnergyHub provides a DERMS platform for utilities managing distributed energy resources, demand response, and behind-the-meter assets. Highly comparable to Innowatts because both sell AI-driven DER/load analytics into the same utility and retail energy provider buyer base.
- Uplight: Uplight provides customer engagement, energy efficiency, and DER management software for utilities and energy retailers. Comparable to Innowatts because both sell analytics and customer insights to retail energy providers and utilities, with overlapping decarbonization and load shaping use cases.
Broad incumbents
- Oracle Utilities: Oracle Utilities provides a broad suite of CIS, MDM, and analytics products for electric, gas, and water utilities. A broad incumbent alternative to Innowatts for utilities seeking meter data analytics within a larger enterprise software estate.
- Landis+Gyr: Landis+Gyr is a leading global smart metering and grid intelligence vendor. Its advanced metering infrastructure and analytics platform competes with Innowatts at the data layer for utilities that prefer bundled hardware-plus-software solutions.
- Siemens EnergyIP: Siemens EnergyIP is an enterprise meter data management and analytics platform sold to large utilities globally. Overlaps with Innowatts' Connect/Extract functions, particularly for utilities standardizing on Siemens' grid software stack.
- Itron: Itron is a major AMI/smart meter manufacturer and utility analytics vendor. Its meter data management (MDM) and analytics suite overlaps with Innowatts' Connect and Extract modules, though Itron monetizes primarily through hardware while Innowatts sells pure software.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Innowatts social profiles
Digital presenceInnowatts compliance and trust
Trust signalCompliance2 records
Innowatts financial estimates
Financial estimateRevenue estimate
Valuation estimate
Innowatts leadership team
Management profileNumber of profiles
Profiles6 records
Innowatts funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Innowatts M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Innowatts
What does Innowatts do?
Innowatts provides an AI/ML-powered SaaS energy analytics platform (eUtility / Precision Intelligence) that processes smart-meter, weather, trades, carbon and market-price data to deliver meter-level load forecasting, behind-the-meter asset identification (EVs, PVs, heat pumps, batteries), transformer-overload detection, wholesale settlements, and decarbonization analytics. It serves regulated utilities, retail energy providers, and commercial/industrial customers across the Americas, Europe, and Asia, and manages data from 52+ million meters globally.
Is Innowatts a public or private company?
Innowatts is a private company. It is classified as corporate owned and is currently acquired.
When was Innowatts founded?
Innowatts was founded in 2012. It employs 51 to 100 people.
Where is Innowatts based?
Innowatts is headquartered in Houston, United States, in the North America region.
How does Innowatts make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are analytics & Insights Services.
Who are Innowatts's main competitors?
Emerging players on record are Arcadia and Leap. Direct peers are AutoGrid (Schneider Electric), Bidgely, EnergyHub and Uplight. Broad incumbents are Oracle Utilities, Landis+Gyr, Siemens EnergyIP and Itron.
Does Innowatts have an API?
No public API is recorded for Innowatts.
What industry is Innowatts in?
Innowatts's product category is Energy Analytics Software. Its primary akta.pro industry code is EUAGAJAL, Risk Reporting & Performance Management (BI, KPIs, Attribution), with a secondary code of BPAEAHAB, Data Engineering, Integration & ETL/ELT Services. Its NAICS code is 541511 and its SIC code is 7370.