enee.io is a Manchester-based energy monitoring startup that develops a platform to monitor and manage energy for commercial and industrial users, particularly in regions with inadequate grid supply. The company is integrating artificial intelligence and machine learning into its platform to process multiple data sources, including local weather forecasts and live regional diesel costs, to calculate actual energy costs. enee.io will work with Manchester-based AI/ML specialist Fuzzy Labs to develop data processing capabilities and enable its Nigerian partner Aspire Power Solutions to implement advanced algorithms at 20 sites in Lagos. The platform is designed to present customers with clear visibility of energy generation and true costs, improving utilization of renewable systems and lowering diesel reliance. Financially, enee.io received a £670,000 Innovate UK Energy Catalyst 10 (EC10) grant; it previously received a £600,000 Innovate UK EC8 grant and has secured over £1m in investment led by Green Angel Syndicate and US venture development firm Factor[e]. Leadership framed the EC10 award as validation of the team’s work and a step toward delivering affordable, sustainable energy where it is most crucial. enee.io is a Manchester-based green tech start-up that has developed a "fitness tracker for energy systems" composed of plug-and-play IoT monitors, a mobile app and an online reporting platform. The system monitors energy generation, storage and consumption, alerts users to issues and provides data to help homeowners and businesses improve system efficiency and reduce energy costs. To date the enee.io solution has been installed in 12 countries across five continents. The company aims to lower the cost of owning renewable power systems to improve reliability and increase access to electricity in developing countries, where roughly 900 million people lack access to power. Financially, enee.io has secured over £1 million in its latest funding round led by Green Angel Syndicate and Factor[e], alongside a grant from Innovate UK's Energy Catalyst 8 competition. The funds and grant will be used to further develop and scale the energy management platform and support six new hires in software development and operations over the next six months.

Total raised

$2M

Funding rounds

2

Latest round

Grant

Latest activity

May 2024