Innowatts Enters Japan, Announces Strategic Partnership with ABeam Consulting

HOUSTON, Dec. 13, 2018 /PRNewswire/ -- Innowatts today announced a strategic regional partnership with ABeam Consulting, one of Japan's largest consulting and management advisory firms, as well as systems integrator for some of Japan's largest software and technology deployments. The partnership's main focus will be on bringing new analytics and AI-enabled technology to Japan's recently deregulated energy market.

To date, Innowatts has provided nearly 20 million retail energy consumers with predictive energy analytics and AI-enabled solutions that help optimize energy cost and empower users with personalized energy products and services. The partnership with ABeam will enable Innowatts to localize and deploy its platform learning from US retail markets to Japan's rapidly evolving energy market, enabling the various stakeholders across the energy value chain with its smart-meter-enabled predictive energy intelligence eUtility platform.

"As market reforms take hold and competitive pressures increase, it's important that we provide our clients the most effective tools and solutions to help them compete effectively," said Takahiro Yamada, Principal, Head of Financial and Social Infrastructure Business Unit of ABeam. "Adding the Innowatts technology to our solution suite adds a wide range of new tools and capabilities that leverages the experience of some of the world's largest and most competitive retail energy markets."

The initial focus of the partnership will be on new retail energy providers and other emerging market participants that can immediately benefit from Innowatts' behind-the-meter customer intelligence and predictive capabilities, enabling them to better optimize and differentiate their price and service offerings.

"As one of the largest and most respected consulting firms and system integrators in Japan, ABeam brings a deep body of energy industry expertise and regional knowledge that will help us localize and scale our eUtilitytm Platform to Japan and other Asia Pacific energy markets," said Sid Sachdeva, CEO of Innowatts.

Companies interested in Innowatts' partnership with ABeam or in setting up a demonstration of the Innowatts platform can contact [email protected].

About Innowatts
Innowatts is a leading provider of AMI-enabled predictive analytics and AI-based solutions for utilities, energy retailers and smart energy communities. To date, the Innowatts eUtilitytm technology platform has provided nearly 20 million energy consumers and their energy providers with access to lower energy costs and more reliable and personalized energy experience. Innowatts is backed by Shell Ventures, Iberdrola and Energy and Environment Investment (Japan). For more information, please visit www.innowatts.com.

About ABeam Consulting
ABeam Consulting provides business transformation services that create strategic advantage, improve business processes, leverage technology innovation, and enhance organizational performance for leading multinational and domestic companies worldwide. ABeam partners with clients to diagnose and solve their real challenges with solutions that combine industry and operational best practices with technical expertise. Pragmatic approaches ensure that clients gain measurable value more quickly. Headquartered in Tokyo, ABeam's 5,200 professionals serve more than 700 clients throughout Asia, the Americas and Europe. For more information, please visit https://www.abeam.com/. For further information, please contact ABeam Consulting Ltd. Attn: Wakana Kabasawa, Senior Manager, Corporate Communication Unit TEL: +81-3-6700-8277, +81-80-2003-1833 FAX: +81-3-6700-8145 E-mail: [email protected].

SOURCE Innowatts