Home Business Qbots wins £2.2 million smart energy project

Qbots wins £2.2 million smart energy project

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Vijay Natarajan, Co-founder & COO of Qbots Energy

Manchester-based energy technology business wins £2.2 million smart energy demonstrator project…reports Rahul Laud

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Vijay Natarajan, Co-founder & COO of Qbots Energy

Manchester-based technology start-up – Qbots Energy has been awarded a £2.2 million project as part of the Power Forward Challenge by the Department of Business, Energy & Industrial Strategy (BEIS). Qbots Energy will lead this smart energy services demonstrator project called ENERGY-IQ, focussed on the SMEs sector serving office buildings, retail, hospitality, data centres and light industrial sites in Greater Manchester and beyond benefitting at-least 35 businesses in the UK by 2020.

Qbots Energy will work with Bruntwood – a large property company with 3000 SME tenants, Penso Power & Manchester Metropolitan University on the demonstrators in the UK. ICONICS will lead the Canadian side and provide connectivity layer along with hardware technology partners Hilderband, UK and Lanner Electronics from Canada. Energy Systems Catapult will carry out independent user research and customer surveys. The Power Forward Challenge is a joint initiative between the UK and Canadian governments, the finalist teams were announced on June 20, 2019, during the Rushlight Summer Showcase in London. The 7 finalist teams were selected from a group of 44 project proposals received in a highly competitive process.

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Vijay Natarajan, Co-founder & COO of Qbots Energy

“We are really excited about winning this project, this will give us a boost to further our partnerships and establish ourselves in the UK market while also exploring global markets. This also provides validation for our data-driven digital approach for accelerating carbon emissions reduction”, says Vijay Natarajan, Co-founder & COO of Qbots Energy.

ENERGY-IQ project will provide the necessary tools for businesses to become carbon neutral by making it easier for them to adopt renewable generation, battery storage and demand management technologies. ENERGY-IQ will provide businesses with up-to 30% savings on energy bills, lower carbon emissions and manage their energy intensive assets efficiently. Qbots have recently launched their new AI driven intermediary service called Q-Energy , which helps businesses to switch to cheaper energy tariffs and also receive energy management services through their platform. Q-Energy are looking to scale up to serve 2200 business customer sites in the next 3 years in the UK with annual carbon savings of over 300,000 tonnes of CO2eq.

ENERGY-IQ project will also give Qbots the opportunity to work with global companies enabling them to trial new innovative data-driven energy services in Canada. Qbots Energy have also been selected as part of the Greater Manchester’s Global Scale Up programme supported by KPMG, Santander, DWP and Manchester Airport Group, run by the Growth Company.