- Software developer Simble Solutions (SIS) will be working with Wattwatchers Digital Energy for a major energy management project
- The My Energy Marketplace (MEM) project will see energy management tech installed in homes, businesses, and schools across the country
- Simble has been made a third-party app provider for the project
- The company’s app will help track and analyse energy usage through Wattwatcher’s software
- The Australian Renewable Energy Agency (ARENA) has backed the project with a $2.7 million grant
- Shareholder took well to today’s news, with Simble closing 5.26 per cent up at two cents per share
Energy-saving software developer Simble Solutions (SIS) has teamed up with Wattwatchers Digital Energy for a government-backed energy management project.
Simble, which specialises in cloud-based energy management and monitoring and the “internet of things” (IoT), has been appointed as a third-party app provider for Wattwachers’ My Energy Marketplace (MEM) project.
Essentially, the project will see Wattwatcher’s energy management tech rolled out in homes, businesses, and schools across the country. This type of project is right up Simble’s alley.
The company’s flagship software, SimbleSense, is designed to harvest energy data for homes or businesses from device-to-device, meaning energy efficiency is not just tracked through monthly power bills or overall usage, but rather through each device in a household or business.
The IoT capabilities mean SimbleSense can link any devices that can connect to the internet. With “smart homes” coming online across the country, every household appliance from lightbulbs to microwaves are coming equipped with IoT abilities and can subsequently be automatically tracked through SimbleSense.
As for the MEM project, Simble will integrate an energy app — built on the SimbleSense platform — to monitor and analyse home, business, and school electrical circuits through Wattwatchers hardware. Data will be updated in real-time and stored through the cloud-based platform.
The MEM project plans to bring energy-management tech to 5000 homes and small businesses and 250 schools.
The installation of Wattwatcher’s technology is expected to cost around $8.2 million. The Australian Government’s Australian Renewable Energy Agency (ARENA), however, has backed the project in the form of a grant. ARENA will fund $2.7 million of the installation cost.
The aim of the project is to help users save money, reduce energy consumption and cut their carbon emissions.
Deployments for the MEM project will start in early 2020, according to Simble.
Investors took well to today’s update, but seem to be awaiting the company’s upcoming quarterly report before getting to carried away with buy orders. Simble gained 5.26 per cent on the Aussie stock market today as shares closed worth two cents each.