ABB, a global technology leader in electrification and automation, and Cleanwatts, a software solutions provider for Artificial Intelligence (AI)-driven energy-sharing in connected, sustainable communities, have announced a memorandum of understanding to build enhanced energy management and efficiency technologies for communities and buildings.
The collaboration will focus on developing scalable projects in European key markets, and on enabling users and property managers to make efficient and sustainable use of energy through smart monitoring and control solutions.
The two companies will build solutions that combine Cleanwatts’ advanced energy-sharing platform with ABB’s high-quality energy management technology, such as the InSite energy management system, energy meters, sensors and electric vehicle (EV) chargers, among others. By leveraging both parties’ capabilities both companies will offer a unified and scalable solution to harmonise renewable generation, storage and energy-efficient operations.
The collaboration will bring significant benefits for community members including lower energy costs through optimised consumption of self-produced renewable energy, reduced electricity connection charges with minimised power peaks, and enhanced efficiency and performance of renewable equipment including energy storage. It will bring the possibility to seamlessly manage local energy use, control assets and loads, demand response incentives and access to energy trading practices.
“Working together, the companies will provide a joint solution marrying ABB’s energy management technology with Cleanwatts’ AI-driven energy-sharing platforms benefiting communities and their residents in key markets,” said Laura Socci, Global Portfolio Manager for Energy Distribution Digital Solutions at ABB. “This landmark partnership offers the most advanced energy management optimisation solutions benefiting energy community managers and investors.”