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Product Overview
Overview
NET2GRID is an EnergyAI company offering highly personalized energy consumption insights. Based in the Netherlands with offices in the US and Greece, NET2GRID helps utilities and energy companies in accelerating the energy transition.
NET2GRID’s EnergyAI aims to provide valuable residential energy insights to utility companies. Breaking down the energy consumption helps consumers understand their electricity and gas usage at home while enabling utilities and energy service providers to identify their customers' household profiles and consumption behavior.
NET2GRID utilizes energy data of both low resolution (AMI) or high resolution (real-time) to deliver its services. With the relevant algorithms to process all data granularities from 60-min all the way to sub-second, its software and hardware expertise has contributed to achieving more than 90% accuracy in energy disaggregation based on higher-resolution data.
NET2GRID’s recently developed DER Intelligence service enables utilities to gain visibility of residential DER assets sitting within their low-voltage network. This information is delivered through a monthly, quarterly, or half-yearly basis report depending on the customer’s needs. DER Intelligence requires only AMI data and there is no need for profile input from the end-user.
Operating since 2011, NET2GRID has more than 15 clients in Europe, the US, and Australia including E.ON Germany, EDP Portugal, EDF Luminus, Eni, Maxeon, Rabobank and Shell and has established key partnerships with companies such as AWS, Itron, SAP, SAS and GE Vernova.
Business Model
NET2GRID offers a Software-as-a-Service EnergyAI product, and white-labeled hardware devices compatible with most market contexts, all available depending on the product implementation and use case.
While the energy data input and household energy profile output remain universally consistent, the use cases, implementation, and value delivery can significantly differ. In utilities, we realize a minimum 10x ROI through a SaaS approach for both cost to serve savings (consumer engagement) and grid investment savings (grid optimization).
Its main pricing structure is based on monthly subscription fees per end-user with some additional one-time set up and maintenance costs.
Technology Innovations
NET2GRID distinguishes itself in the technology innovation landscape through its unique combination of skilled teams and extensive experience in the energy industry. The company boasts a diverse group of professionals, including R&D engineers, energy experts, machine learning engineers, data scientists, DevOps engineers, and software and embedded systems engineers. With over a decade of experience, NET2GRID has cultivated a competitive edge, delivering robust and high-quality services.
Setting NET2GRID apart is its comprehensive SaaS solutions, offering white-labeled hardware devices, various deployment models, and flexible options tailored to clients' preferred architecture and features. A key differentiator lies in NET2GRID's dual expertise in both software and hardware domains, allowing the provision of high-end data analytics services. This capability ensures future-proof scalability, adaptability, and flexibility for customers, empowering them to seamlessly adopt or switch between different deployment architectures while prioritizing privacy, security, and data protection rights.
NET2GRID's three key differentiators solidify its unique position in the market:
- Global Scalability with Horizontal Focus: NET2GRID excels in global scalability by offering services with a broad reach adaptable to diverse markets. The company seamlessly integrates into various industries, providing both stand-alone solutions and effortless merging within an umbrella solution into a partner ecosystem.
- Data Granularity Expertise: NET2GRID's unparalleled precision and actionable insights stem from its expertise in processing home energy meter data at all granularities. This commitment to data granularity ensures clients benefit from unmatched accuracy in their analytics.
- Cloud and Edge Model Flexibility: NET2GRID's EnergyAI smoothly operates on both cloud and edge models, offering deployment wherever clients need it. This flexibility positions NET2GRID as future-proof in an ever-evolving technological landscape, ensuring adaptability to emerging trends and advancements.
Applications
Personalized digital marketing and customer experience are the services on top of EnergyAI where energy data is transformed into valuable household profile insights and personalized actionable saving advice.
Utilities can:
- Optimize grid planning and operations with immediate visibility on the presence and usage of residential DER assets
- Better engage their customers
- Fully understand their customers’ household/consumption profiles and lifetime value
- Reduce their cost-to-serve
- Decongest their customer support service
- Segment their customers depending on their energy consumption, behaviors and appliance usage
- Organize targeted and personalized marketing campaigns
- Increase their upsell opportunities and revenue streams
Consumers on the other hand become energy efficient by:
- Better understanding their energy bills
- Being fully aware of their energy usage and spending
- Optimizing their consumption behavior
- Experiencing a modern digital journey with their energy provider
- Benefiting from premium energy services
Key differentiators:
- Ability to deliver value regardless of energy data granularity
- Comprehensive digital transformation journeys for both grid and consumer applications
- Unique ability to drive convergence of grid and consumer opportunities to unlock highly valuable non-wires alternatives
- Scalable private SaaS solutions to meet growing market opportunity
- Horizontal positioning to accelerate growth through partnerships