Wattwatchers clamp-on internet device, advanced control analytics and cloud-hosted management interface provide data that shows where and when energy is being consumed in real time. CEFC invested AU$2 million, through the Clean Energy Innovation Fund, as part of Wattwatchers AU$4 million 2016-17 Series A capital raising.
The CEFC finance will help the Sydney-based company lift its production volumes and drive down production costs. Wattwatchers technology can be used across residential, commercial, industrial and utility services because it works with a wide range of software applications. It potentially works alongside other smart technology applications, battery storage and microgrids to reduce energy consumption, encourage better energy saving habits and increase the ability to tap into locally generated rooftop solar.