"We are excited about partnering with Silver Spring Networks, allowing us to turn their energy data into valuable insight." - Joel Hagan, CEO & Founder, ONZO.
London, UK (PRWEB) January 28, 2014
ONZO is working with Silver Spring and its new SilverLink™ Sensor Network to bring utilities and their customers a new level of insight into how energy is being used. This will encourage reduction of energy usage as well as peak shifting. ONZO has already achieved an 8% reduction of energy usage and a further 5% shift of energy usage off the peak. This has been achieved through information provision alone in a long-term large-scale UK deployment of analytics.
Leveraging high-resolution consumption data from Silver Spring’s SilverLink Sensor Network, ONZO is able to disaggregate data into appliance use categories that give customers actionable information. By working together and applying ONZO’s load disaggregation algorithms, ONZO and Silver Spring have elevated energy efficiency from a largely academic subject to a robust solution which can be deployed at scale.
As a member of the Silver Spring Global Partner Program, the ONZO solution will be fully supported and tested and available on a turnkey basis from Silver Spring. ONZO’s solution raises the bar for consumer energy efficiency, extending the opportunity for new rate-payer funded efficiency programs, which have the added benefit of integrated audit capabilities to justify their efficacy. At a time when consumers see energy costs rising, this is an important feature to improve consumer’s perception of energy suppliers.
ONZO’s suite of algorithms will provide further insight to existing data; enabling better customer segmentation, improved customer services, and new tariff design. Users of the SilverLink Sensor Network will have easy access to this capability via Silver Spring’s new App Store.
“Silver Spring Networks is the leading networking platform for connected utilities and delivers unrivalled capacity for data return,” said Joel Hagan, CEO of ONZO. “We are excited about partnering with them to turn that data into valuable insight which can help both utilities and their individual customers.”
“Our clients are looking for world-class analytics solutions to help turn the vast quantities of data from their networks into actionable insights,” said Eric Dresselhuys, Executive Vice President of Development, Silver Spring Networks. “As Silver Spring continues to redefine the capabilities of what a distributed network can deliver, ONZO is a natural partner to help us unlock even more value for our utility customers. We are proud to add ONZO’s global capabilities to our industry-leading partner portfolio.”
ONZO is a global leader in big data and analytics for utilities. ONZO delivers valuable insight from the analysis of energy use and other data, transforming customer relationships, improving energy efficiency, shifting peak demand, offering new energy services and reducing operational costs.
ONZO’s unique approach combines utility sector experience with an advanced capability in data analytics to create smart solutions for consumer and supplier. ONZO’s algorithms are capable of handling different data resolutions from monthly to one-second reads, and can process trillions of data readings, extracting valuable insights, including the identification of individual appliances from whole house data.
For more information please visit http://www.onzo.com.