ChangeWatt
your digital customised energy auditor
How can technology help reduce individual energy use, and therefore carbon footprint?
We offer a tool that looks to the future, helping users to save energy with recommended electrical devices which are personalised to them.
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Our app can facilitate home energy savings of up to 25%
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Problem Statement
Low barrier residential retrofits will be a priority in reducing a large share of emissions; new efficient electric devices offer attractive solutions, however, information gaps must be solved
Building stock emissions
30% of global carbon emissions come from buildings; in the UK, they comprise a third of all electricity use.
Electricity prices
In 2021, European energy prices, on average, increased by a factor of eight. Users are seeking a change in their energy use more than ever.
Information barriers
Users lack relevant financial data to assess optimal appliance purchases.
Our Value Proposition
Our Product
App configuration
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Upload photos of device ID tags or manually enter appliance model information
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Install smart meter data link device
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Over the next month the ChangeWatt app will work 24/7 to analyse usage patterns
Back-end technology
Non-Intrusive Load Monitoring (NILM) algorithms disaggregate real power demand of specific devices
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Classification algorithm is enhanced with household specific app configuration data
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Search algorithm matches devices with the lowest household specific payback time and produces a priority retrofit list
Our Business Model
Revenues
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App subscription or premium access
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Smart meter API device sales
Costs
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Platform development and maintenance
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Marketing and diffusion
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Smart meter API device production
Direct competition
Customer segments
Future Value
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Future revenue streams from data valorisation
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Countries with higher price elasticity more likely to shift behaviour based on informed energy use
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High potential for future electrification
Additional information
