Simble wins UK government grant for analytics app
Simble Solutions (ASX:SIS), along with Cambridge Architectural Research Limited, has been awarded a £383,000 (A$680,000) UK government grant from the Department for Business, Energy & Industrial Strategy (BEIS) as part of a funding scheme to support energy efficiency projects in UK homes.
The UK Government funding will be received as part of the Smart Meter Enabled Thermal Efficiency Ratings (SMETER) Innovation Programme.
The program aims to develop, test and demonstrate technologies that measure the thermal performance of homes using smart meter and other data.
Working closely as partners on the project, the two companies were chosen to provide an innovative solution that helps consumers, energy suppliers and policy-makers to save energy, reduce bills and carbon emissions by providing a better understanding of the energy efficiency of homes.
The funding will be used to advance SIS’s Virtual Analytics App and its powerful Big Data infrastructure to meet the objectives of the UK government’s program.
The ASX small cap’s Virtual Analytics is a disruptive energy platform that ingests smart meter data from the Data Communications Company (DCC) and runs advanced algorithms in the cloud to offer smart analytics to the end-user.
“Being recognised by the UK Government as a leader in innovation is a great honour and a strong validation of our IP,” SIS CEO, Fadi Geha, said of the newly awarded contract.
“We look forward to working alongside Cambridge Architectural Research to help the UK Government achieve its Clean Growth Strategy objective to grow the economy while reducing greenhouse gas emissions to which it has committed to invest around £3.6 billion.
“Using our innovative technology solutions, we enable UK households to be more energy efficient and reduce costs.”
“This is a really exciting project that has the potential to revolutionise work aimed at cutting carbon emissions from homes,” Jason Palmer, director at Cambridge Architectural Research, said.
“CAR has been working with the UK Government to improve energy efficiency in homes for more than ten years, and Simble has complementary skills that align very closely to making the most of smart-meter data.”
In November, SIS launched its disruptive Virtual Analytics app into the UK residential market. The app was presented at Utiligroup’s Innovation Showcase alongside the European Utility Week 2018 in Vienna, Austria.