In the UK, gas and electricity supplier RWE npower has announced its acquisition of specialist energy management company Remote Utility Monitoring & Management (RUMM) in a bid to help its commercial business save up to GBP4 billion on its energy bills annually.
RUMM’s cloud-based software will assist npower Business Solutions, the second largest provider of energy to British businesses, to save on costs, cut carbon emissions and use energy optimally.
Commenting on the deal, Paul Massara, CEO of RWE npower, said: “npower Business Solutions is committed to helping the UK’s largest companies manage their energy needs so they can budget for the future. RUMM’s technology is truly innovative, giving businesses the tools they need to make significant savings on the bottom line.
“This deal represents an important investment in both our energy solutions business and the thriving South Wales tech community. With the right support and incentives, we are confident that Welsh start-ups, like RUMM, will continue to grow, exporting their expertise across the world.”
The Welsh tech firm, a spin-off company and partner to at the University of South Wales, claims it has already saved over GBP43 million for its customers.
British businesses currently spend GBP20 billion a year on electricity and gas, says the University of South Wales.
npower Business Solutions has shown that by increasing energy efficiency by 20%, it can save commercial and industrial customers up to GBP4 million annually.
Dr Stephen Lloyd, chairman and co-founder of RUMM, added: “Being part of RWE npower represents a huge opportunity for RUMM.
“npower Business Solutions wants to provide the best possible energy management for its customers and RUMM has the capability to help deliver this. We spoke to a number of energy suppliers, but the way the team at npower want to bring innovation to their customers proved decisive.”
Energy efficient software
RUMM’s IBASS software captures and stores energy consumption data every 30 minutes, identifying any potential inefficiencies on customers’ sites.
The firm’s PULSE technology was developed to address problems found in other technologies; ensures that monitoring of all meters is achieved; and data from others sources (production, temperature and speed etc.) can be collected for transmission to remote servers.
RUMM’s software forms part of its holistic energy management services, including automatic monitoring & targeting, and training.