Energymate, the first energy efficiency-based software providing users an easy way to understand their energy consumptions
EnergyMate, the first energy efficiency-based software providing users an easy way to understand their energy consumptions.

Residential energy consumption represents the 25% of all EU energy consumption. In this context, is clear that the reduction of energy consumption in the residential sector should play an important role in energy efficiency programs and policies. Currently, energy consumers and energy utilities face various barriers that deter them from adopting energy efficiency measures: (i)Energy bills difficult to understand by energy consumers; (ii) low-optimized energy consumptions; (iii) low quality services by energy utilities, resulting in a large number of unsatisfied customers. At Energintel S.L (Asturias, Spain) we have developed a smart solution to overcome these barriers. EnergyMate provides users information about their energy consumptions in a natural language format easily understandable by users, suggesting personalized recommendations, and allowing to adapt their behavior to the hourly energy prices. It has been estimated an annual reduction of 25% in energy consumption and an increase of 30% of the customer´s satisfaction with EnergyMate. Based on the good performance of our prototypes being currently tested in Spain, we aim to optimize the software and scale-up the technology to fulfill the technical needs of different European markets. This market, depends on the roll-out of smart meters, which is expected to be 200 million by 2020. Additionally, in the first stage of commercialization EnergyMate expects to cover at least the 52% of the market for energy retailers (over 2.000 companies). This market, with such growth potential (predicted to increase at 8.1% CAGR up to 2019), could greatly benefit from our smart solution. €6.64M  sales projection has been estimated for the third year.   The expected Market share covered by EnergyMate, based on the number of smart meter in Europe (at least 320 millions) will be 3% by 2023.