OTTAWA, Canada – December 15, 2021
Artificial intelligence for clean energy, an idea from BluWave-ai that started four years ago, is now driving the global energy transition. With deployments across the globe, from Summerside PEI to Mumbai, from conception to application, the ideas are now in action. The world is taking notice with BluWave-ai receiving multiple awards over the year in the fields of EV fleet and grid optimization.
In March, BluWave-ai received the Indian Smart Grid Forum (ISGF) Diamond Award in the category of Utility Distribution, highlighting work with Tata Power in the city of Mumbai. This award recognizes the innovation and benefits of BluWave-ai’s method for forecasting energy loads at Tata Power, optimizing the city-wide energy dispatch.
“We are working with BluWave-ai to operationalize Artificial Intelligence in our day to day power distribution in Mumbai,” said Sanjay Banga, President of T & D and Tata Power, “Working with AI enabled system improvements via cloud computing in real-time operations enhances our baseline systems resulting in higher operational efficiency and accuracy.”
For the third consecutive year, BluWave-ai made the top one hundred global cleantech companies for the Start-Up Energy Transition Awards. This year the award was for the BluWave-ai EV Fleet Orchestrator that optimizes how energy is used in electric fleets.
“We are very excited to have BluWave-ai return as part of our group of global change makers,” said Andreas Kuhlmann, Chief Executive at DENA, “Since first being selected for SET 100 in 2019, BluWave-ai secured $7M of financing, created 12 USPTO patent filings, and is operational on multiple continents. Their grid optimization platform is now scaling into electric fleets to become an essential component in the future of the grid.”
In November, BluWave-ai was selected in the Deloitte 2021 Technology Fast 50 program, in the “Companies-to-Watch” category.
“The recognition from Deloitte encapsulates the totality of the last four years of our work at the intersection of artificial intelligence renewable energy.” said Devashish Paul, CEO and Founder of BluWave-ai, “This award shows real world proof of impacting climate through data and smart decisions making more of the investments in wind and solar energy.”
“SDTC is proud to see the BluWave-ai solution for smart grid technology is now live and operational.” said Ziyad Rahme, SDTC’s Vice President, Investments. “As an early funder of BluWave-ai, we are pleased to see this growing company gaining international recognition for their innovative technology.”
The accomplishments in the first handful of deployments are setting the stage for a true transformation of how the world interacts with energy. These awards highlight how relevant the BluWave-ai solution is to solving key issues around climate change. This is truly the beginning.
About India Smart Grid Forum
India Smart Grid Forum (ISGF) is a Public Private Partnership initiative of Ministry of Power (MoP), Government of India for accelerated development of smart grid technologies in the Indian power sector. Mandate of ISGF is to advise government on policies and programs for promotion of Smart Grids in India, work with national and international agencies in standards development and to help utilities, regulators and the industry in technology selection, training and capacity building.
About SET 100
The SET100 is an annual compilation of the 100 best start-ups of the Start Up Energy Transition Award. It contains the most innovative and promising start-ups that make the energy transition a fundamental component of their innovation. SET100 was first launched in 2017 with the aim of offering young companies a platform to showcase their forward-looking designs. The SET100 list offers a comprehensive collection of companies, represented both geographically and across all sectors of the clean energy field. This year the companies to watch category awarded 15 new winners. Companies coast to coast that are making an impact in the tech industry and growing for future success. From dataware to smart thermostats the list is an outstanding example of Canadian innovation in start-ups looking to scale.
About Deloitte Fast 50
The SET100 is an annual compilation of the 100 best start-ups of the Start Up Energy Transition Award. It contains the most innovative and promising start-ups that make the energy transition a fundamental component of their innovation. SET100 was first launched in 2017 with the aim of offering young companies a platform to showcase their forward-looking designs. The SET100 list offers a comprehensive collection of companies, represented both geographically and across all sectors of the clean energy field.
BluWave-ai is focused on driving the proliferation of renewable energy and electric transportation worldwide. Our solutions apply artificial intelligence to optimize the cost, availability, and reliability of different energy sources, both renewable and non-renewable, in real-time. This lets our customers – communities, corporations and utilities – improve their energy decisions for sustainability, reliability, and affordability.
For more information please contact:
Brandon Paul, Marketing, BluWave-ai