Machine Learning Technology for Smart energy usage
Country in which the innovation is available:
Latvia
Name of the innovation:
Machine Learning Technology for Smart energy usage
Innovator:
PeakSave
CRT Category:
Energy
What is this innovation about?
By leveraging innovative technology, PeakSave helps businesses to manage their energy consumption more effectively. A solution based on smart sensors, real-time monitoring and machine learning allows shifting energy consumption patterns to the most cost-effective hours, resulting in significant cost savings and reduced strain on the grid during peak demand periods, contributing to a more balanced and sustainable energy market.
What’s in it for a tourism SME?
PeakSave automation reduces the need for manual oversight of energy consumption and helps identify patterns and inefficiencies that can be corrected to save energy and costs, reducing electricity bills by up to 30%. This increases the efficiency of energy usage and allows SMEs to allocate more resources to enhance guest services and experiences.
Consider that:
PeakSave requires initial investments in smart sensors, associated software, and minimal staff training. However, the long-term benefits include substantial energy cost savings, a reduced carbon footprint and enhanced operational efficiency. SMEs can apply to set up a product pilot test at their location.
Keywords:
Energy efficiency, real-time monitoring, machine learning, cost savings.
Innovator’s website:
Other sources and copyrights:
N/A
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