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BP Invests 1.9 Million Dollars in Energy Monitor Business

| Editor: Ahlam Rais

Voltaware has developed an internet-enabled energy monitoring device that allows businesses to track and optimise their energy consumption.
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Voltaware has developed an internet-enabled energy monitoring device that allows businesses to track and optimise their energy consumption. (Source: BP)

The transaction takes place in the background of BP Alternative Energy’s plan to explore the impact of digitalisation in the energy sector.

UK – BP Ventures, in support of BP Alternative Energy’s strategy in low-carbon power, storage and digital energy, has invested 1.9 million dollars in Voltaware, whose innovative energy monitor offers businesses the ability to track their energy demand in detail, down to individual appliances.

BP Alternative Energy is exploring the impact that digitisation will have on the energy sector and how innovative technology will shape the way that energy is consumed and managed, both by businesses and individuals. Sensors such as those provided by Voltaware are one example of these emerging digitally-enabled innovations.

Voltaware has developed an internet-enabled energy monitoring device that allows business and residential users to track and optimise their energy consumption, breaking the data down to demand from individual appliances, and manage their electricity use.

It also gives businesses the chance to proactively track the performance of individual machinery, so allowing them to run their businesses more efficiently and provide preventative maintenance on appliances showing abnormal energy usage levels. The data can be checked and analysed in real-time on a single device using the associated app.

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