Utilitywise partners with Vodafone and Dell to launch energy management platform

The platform allows businesses to evaluate all of their energy outputs, such as lighting, heating, and ventilation, from multiple sites and buildings via a single, integrated hub. With instant access and full data visibility, the platform will make it easier than ever before, for facility and property managers to assess where energy is being wasted. They can then react accordingly to save their businesses money.

In addition, the software for the platform - which was developed by Utilitywise - can eliminate the need for expensive data software licences and maintenance agreements that are regularly part of existing building management systems.

Brin Sheridan, Utilitywise corporate division managing director, said: "This is a truly ground-breaking technology that will produce significant savings for businesses. By giving business owners and building managers unprecedented insight into how their businesses are using energy, they can make truly-informed decisions about how to reduce their utility bills.

"Utilitywise's intelligent building controls solution has the potential to produce huge savings for customers, freeing up cash to be invested elsewhere."

The collaboration extends from technology, to a joint go-to-market strategy in the UK involving Vodafone and Utilitywise sales teams taking the platform to market, engaging across existing and prospect customer bases.

Shore Capital analyst Robin Speakman said: "It is our view that IoT and related technologies, data capture and future AI systems, are set to be essential components in both energy management infrastructure and, for service providers such as Utilitywise providing energy buying, usage management strategies and providing regulatory compliance.

"It remains to be seen whether this technology is truly ‘disruptive’ to the energy services market, or it emerges as an additional bolt on service to procurement. However, this is an interesting and potentially valuable development, in our view, for Utilitywise as it continues to place itself back on the ‘front foot’ as it were. We continue to monitor progress at the company with interest."

At 0930 BST, the shares were up 18% to 32.85p.