17 Feb Greentech Ipsum and EDF Energy to continue their partnership
February 17th 2017 London, UK – After taking part in the 10 week program EDF Energy Blue Lab Innovation accelerator program EDF Energy and Ipsum Energy will be continuing their collaboration
Ipsum is one of five EDF Pulse Awards finalists that have taken part in a 10-week programme within EDF Energy’s Blue Lab innovation accelerator, which was created to play an instrumental role to improve the lives of consumers by harnessing the latest technologies, developing energy services and testing the new business models of tomorrow.
The EDF Blue Lab accelerator program resulted in Ipsum fast-tracking development of her Algorithm 2.0 and provided a dynamic opportunity to work in close collaboration with senior EDF Energy experts. It further more brought valuable know-how on UK smart meter, market data and suitable market approaches.
The results of the collaboration proved to be very successful with EDF Energy and Ipsum now set to continue their partnership towards product development.
Ipsum’s mission is to eliminate the blindness in energy consumption. Ipsum separates smart meter energy consumption data down to an appliance level through its proprietary algorithms. The innovative disaggregation technique automatically detects appliances and their actual use, enabling sustained energy saving and real-time consumer engagement. It can be accessed 24/7 from anywhere around the world using an app. The Ipsum algorithm 2.0 has been tested in the Blue Lab accelerator program. It is the fastest, most accurate one in the market that uses smart meter data and has no need for expensive intelligent hardware, as it is back-end based.
This unique and non-intrusive approach from Ipsum called Smart Insight gives consumers real-time personalised insights into ways to reduce their energy consumption and save money, placing the consumer at the heart of the energy chain.
Ipsum’s Smart Insight delivers:
- Automatic detection of most important appliances·
- 24/7 appliance consumption knowledge
- Comparisons with other households
- Targeted saving actions and personal advice on behaviour & appliances
- Continuous feedback through an app on your phone. This encourages adaptive behaviour (people on average use their phones 220x per day!)
- Possible savings of 10% – 20%. (As shown by research*)
Ipsum Market LaunchIpsum will launch its Smart Insight in the Netherlands in the coming months. The UK is the second market where Ipsum is present and planning its introduction in 2017. Ipsum considers EDF Energy a leading utility that has proven to be committed to innovate and deliver break-through improvements to the industry and it’s customers. A partnership with EDF Energy will therefore further boost Ipsum’s mission to give all consumers the possibility to save on their energy bill.
About EDF EnergyEDF Energy is one of the UK’s largest energy companies and the largest producer of low-carbon electricity, producing around one-fifth of the nation’s electricity from its nuclear power stations, wind farms, coal and gas power stations and combined heat and power plants. The company supplies gas and electricity to over 5 million customer accounts and is the biggest supplier of electricity by volume in Great Britain
Note for editors:
For more information on Ipsum:
Phone: +31 651555029
Photos can be posted free of duties and charges.
For more information on EDF Energy Blue Lab Challenge:
Senior external communications manager – Customers
Phone: +44 (0)7875 113377
Press release EDF Energy
*Research:Stanford studyCarrie Armel (2011), Energy Disaggregation. Precourt Energy Efficiency Center, Stanford Oxford *Research:Darby, S. (2006). The effectiveness of feedback on energy consumption: A review of the literature on DEFRA for metering, billing and instantly displays. Environmental Change Institute, University of Oxford