What is EnergyElephant?
Award winning Irish startup EnergyElephant provides a faster way to save on energy bills. It can provide virtual energy assessments anywhere in the world and doesn’t require a PhD in rocket science to use or any expensive hardware.
Electricity and gas bills are designed to be almost incomprehensible and many are based on estimated meter readings. This means many businesses are paying for more than they use and don’t really know how much energy they are actually wasting. We solve this using our energy analytics platform and smartphone app to show users how much they are consuming, the costs and how much carbon they are producing. Our motto is “Don’t ignore the (Energy) Elephant in the room”.
How are you different?
We do not install any hardware and are focused on the data. In fact we work exclusively off your existing energy data. After our users have uploaded their energy bills, we analyse them to see how accurate they are, what the main costs are and compare with external data sources (such as weather) to try to identify the main areas of energy waste. Most businesses only have a vague handle on what they use energy for and many don’t even know how much their unit rates are set at. We have identified some businesses that are paying over 20% more than they should be due to poor tariff structures.
Why will the company / product do well?
We have already won a European innovation award for our technology and have even been invited to Silicon Valley to pitch to American VCs on what we do. We’re in an exciting sector with new smart energy technologies rolling out every day. Google’s recent purchase of Nest (smart thermostat) for ~$3.2 B has really brought a lot of focus to our sector.
We’re a passionate team and really believe we can make a difference by being a trailblazer in the smart tech area. We were recently been accepted onto the Enterprise Ireland New Frontiers programme phase 2, so hopefully this will provide us with further support for our planned overseas roll out .
Where are you based? How is the broadband?
Grand Canal Docks and the broadband couldn’t really be better. I suppose it helps that we’re in the shade of Google, Facebook and Twitter.
When was the company launched?
The company was officially launched in 2014 but has been in development a lot longer.
What have been your biggest wins to date?
We won a European innovation award at the Greenov awards in 2014. We have also gained a number of prestigious clients since we commenced and even a few overseas users. Our EnergyElephant smart phone app, due to go live in February, will allow our users to simply take a photo of their electricity or gas meter to submit their reading and avoid estimated bills. In early 2015 we were accepted into the New Frontiers entrepreneur development programme by Enterprise Ireland.
What type of people (market segment) are you trying to attract to your product?
We are initially focusing on business customers, in particular businesses with energy bills over €10k per year such as pubs, hotels, schools and libraries. Geographically we have started in Ireland but are moving into the UK soon.
Tell us about your team?
EnergyElephant was founded by chartered engineers Joseph Borza and Eoin Ó Fearghail, graduates of Trinity College Dublin. Joseph works as CEO and Eoin is the company’s CTO. They have a combined experience of over 20 years. They work with a team of Irish developers on the development of much of their software and mobile development.
What are you long term plans for your product / company?
Although we are currently focused on the UK and Ireland, with the launch of our app we hope to branch out into further overseas territories. Our system has been tested and can work in markets as diverse as Singapore and the US.
What are your favourite tech gadgets?
My bicycle, followed closely by my iPhone. My smartphone can make calls, tell me what the weather is like outside, take photos/videos and act as a torch when needed. With my bike I can be pretty much anywhere in Dublin within half an hour, and I don’t have to worry about traffic.
What tech gadgets do you wish you could use to help you?
A drone with thermal imaging camera so you can spot areas of thermal wastage from the air. A bit like a mini aerial predator!
How can people contact you?
If you would like to have your company featured in the Thursday edition of the Irish Tech News Business Showcase, get in contact with me on [email protected]