User:Ruzzelli/Wattics

Wattics is an irish-based company founded in June 2011 by Antonio Ruzzelli, Anthony Schoofs, Alex Sintoni and Romain Vigo Benia. The company was the result of 4 years, 2007-2011, of research and development at University College Dublin on energy management software analytics. During this period the founders engineered a solution for load disaggregation called RECAP that was capable of recognising electrical machines in domestic and commercial environments through a single electricity meter equipped with one current transformer per phase. The RECAP engine was based on a machine learning algorithm to recognise the activity and consumption of domestic appliances through pre-recorded appliances electrical signatures and using machine learning algorithms to disaggregate loads.

Through the period between June 2011 and June 2013 Wattics was based at the NovaUCD start-up incubation centre in Dublin where the founders tested the technical and market feasibility of the business by piloting in several industrial and commercial sites. Due to major needs for energy reduction in business environment, Wattics made a strategic decision to focus on commercial and industrial buildings first leaving aside the domestic households which had too small consumption that could justify the installation of the solution. Domestic environment was however a longer term strategies that could be explored through partnering with utilities. In the meantime Wattics was seeking private investment to accelerate growth and export the solution globally.

In 2012 the business plan developed by Antonio Ruzzelli was sent to a major business competition in Ireland and Northern Ireland called IntertradeIreland Seedcorn business competition. Following submission and interviews by a panel of business expert, Wattics received the overall emerging company award in the.