What is Innowatts?
Innowatts operates at the intersection of big data and utility management, providing an AI-driven SaaS platform that delivers granular energy analytics. The company specializes in load forecasting, distributed energy resource (DER) visibility, and operational intelligence, enabling utilities and large-scale energy providers to optimize their grid performance. By transforming complex datasets into actionable insights, Innowatts empowers its clients to meet evolving sustainability mandates and profitability targets. Following its acquisition by GridX, the company has further solidified its market position, enhancing its capacity to provide comprehensive grid planning and forecasting solutions to a global client base.
How much funding has Innowatts raised?
Innowatts has raised a total of $26.3M across 4 funding rounds:
Angel/Seed
$1.1M
Series A
$6M
Series B
$18.2M
Debt
$1M
Angel/Seed (2015): $1.1M with participation from Take Solutions
Series A (2017): $6M led by Energy & Environment Investment Inc.
Series B (2019): $18.2M supported by Energy Impact Partners, Shell Ventures, Evergy Ventures, Energy and Environment Investment, and Iberdrola
Debt (2020): $1M featuring PPP
Key Investors in Innowatts
Energy Impact Partners
Energy Impact Partners is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, and digitized future by collaborating with leading innovators.
Energy & Environment Investment Inc.
A Japanese venture capital firm specializing in the environment and energy sectors, focused on bridging the gap between large corporations and innovative startups.
Iberdrola
A global energy leader and one of the world's largest producers of renewable power, driving the transition to clean energy through smart grid technologies and sustainable infrastructure.
What's next for Innowatts?
With the backing of major industry players and the recent integration into the GridX ecosystem, Innowatts is positioned to accelerate the deployment of its predictive analytics tools. The strategic focus moving forward involves deepening the integration of DER management into existing utility workflows, a necessity as the global energy sector shifts toward decentralized and electrified models. As the industry continues to prioritize decarbonization, Innowatts' ability to provide high-fidelity forecasting will remain a cornerstone for utilities aiming to balance grid stability with the increasing complexity of renewable energy inputs. The company is expected to leverage its current capital position to expand its footprint in international markets, further cementing its status as a leader in energy intelligence.
See full Innowatts company page
