AquaQ Analytics meets greentech

The partnership will see the roll out of the PARIS platform. This is where Fintech meets GreenTech - PARIS (Predictive Analytics Renewables Integration System) uses leading edge financial services software to gather data from smart batteries in people’s homes and communities and then ensures they get the cheapest, greenest energy.

Dr. James Bradley, Chief Strategic Officer, AquaQ Analytics, said: “From the moment we met and engaged with The Electric Storage Company, we were excited about the innovative nature of the project. Within the renewable and flexible energy vertical there are a lot of similarities to electronic finance systems. With this partnership there is a combined, extremely powerful team formed between the two organisations.”

TESC will use the data to make choices with every unit of electricity available. This includes using the electricity produced immediately, storing it for later using a smart device, trading it on the electricity market and earning value from it, using the electricity to provide services to the grid and earning value from it for the consumer.

AquaQ Business Manager Steven Johnston, said: “Data and decision-making is at the heart of PARIS, the partnership will deliver a platform that has forecasting and learning centrally and lead to a disruptive market offering.”

Traditionally the electricity market limits how customers can use and earn value from renewable energy.

TESC plan to put customers at the heart of the electricity market because it believes they want cleaner, greener, renewable, predictable energy. The old model of waiting for your bill, worrying how big it will be and how you will afford it will be a thing of the past.

TESC Director, Eddie McGoldrick, said: “By developing proprietary software and the PARIS platform with AquaQ, we can bring together energy consumption and data in a smart way that allows us to predict and analyse when energy is needed and when it will be generated by our customers.

“We can help the aging electricity grid by avoiding peak times without denying customers the service they need and the grid pays for this service - we want to share this with our customers”.

AquaQ Analytics specialises in high speed, time sensitive database solutions. It provides ‘big data’ expertise to blue-chip clients across multiple industries.