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.
Our app can facilitate home energy savings of up to 25%
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
Classification algorithm is enhanced with household specific app configuration data
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
