ONZO, a UK-based global data science software company, received £747k Energy Catalyst funding.
The UK’s innovation agency, Innovate UK, provided the award to ONZO and Imperial College London to deliver a two year project which aims to address fuel poverty and stimulate energy efficiency in the UK.
During the project, the company will present customers of a new energy provider in Scotland with personalized information and advice around their energy usage in order to spot energy waste and reduce demand, helping people who struggle to pay their bills in the winter better manage their energy use throughout the year and reduce costs.
Led by Spencer Rigler, CEO, ONZO compiles and analyzes household energy data taken from sensors, to empower customers with personalized insights and control around their energy usage.
The Energy Catalyst grant has been established by Innovate UK, the Engineering and Physical Sciences Research Council and the Department of Energy and Climate Change (DECC) to accelerate innovation in the energy sector. From concept to pre-commercial readiness, the grant provides investment and support to innovative businesses and researchers from any sector who can address the three major challenges facing the energy sector on a global scale -The Energy Trilemma.
FinSMEs
13/10/2015