# Innowatts

> Innowatts provides AI-powered energy analytics and load forecasting software for retail energy providers, utilities, grid operators, and large energy users. Its meter-level approach combines consumption patterns, weather and market data to support procurement, risk management, customer segmentation and grid planning. GridX acquired the Houston company in September 2025.

- **Founded:** 2013
- **Headquarters:** Houston, United States
- **Founders:** Siddhartha Sachdeva (Co-founder; former CEO; board member at the November 2024 transition), Akhlak Ahmed (Co-founder and Chief Analytics Officer), Sudaksha Sachdeva (Co-founder; historically Vice President, Energy Management System)
- **Products:** Innowatts Precision Intelligence platform, Connect, Extract, Forecast, Deliver
- **Notable:** Innowatts reported a 1.5% average day-ahead error versus more than 2% for ERCOT over 32 days in July-August 2019; it reported outperforming ERCOT on 27 of those days., Innowatts reported that its three models led an EPRI building-level trial across evaluated scenarios after missing uploads were excluded., DOE listed Innowatts as a runner-up in its 2023 Net Load Forecasting Prize, receiving USD 50,000.

## Products & services

- **Innowatts Precision Intelligence platform** — SaaS energy intelligence suite combining data connectivity, meter-level insights, demand and generation forecasting, and operational delivery.
- **Connect** — Imports meter, trade, weather, market-price and carbon-intensity data and connects outputs to business systems.
- **Extract** — Customer segmentation, weather sensitivity, profitability analysis, wholesale settlements and identification of behind-the-meter resources.
- **Forecast** — Meter-to-portfolio demand forecasts, generation forecasts, ISO forecasts, scenarios, peak alerts and grid constraints.
- **Deliver** — Supports load scheduling, demand response, risk management, cost reduction, customer engagement and grid planning.
- **eUtility** — Historical integrated retail-energy platform launched in 2017; combined analytics with personalized products, pricing and operational workflows.
- **PowerEASE** — Historical consumption analytics platform described in the 2017 Series A announcement, designed to optimize costs and personalize energy offerings.

## Achievements

- Innowatts reported a 1.5% average day-ahead error versus more than 2% for ERCOT over 32 days in July-August 2019; it reported outperforming ERCOT on 27 of those days.
- Innowatts reported that its three models led an EPRI building-level trial across evaluated scenarios after missing uploads were excluded.
- DOE listed Innowatts as a runner-up in its 2023 Net Load Forecasting Prize, receiving USD 50,000.
- Frost & Sullivan named Innowatts its 2022 North American Energy Analytics Company of the Year.
- Acquired by GridX in September 2025.

## Latest updates

- **2025-09** — GridX announced its acquisition of Innowatts; acquisition price was not disclosed in the announcement.
- **2025-03** — Honeywell announced Innowatts analytics and forecasting on Forge Performance+ for Utilities.
- **2024-11** — David Boundy became CEO after serving as interim CEO since February 2024; Sid Sachdeva remained on the board at that transition.

## Links

- Website: https://www.innowatts.com/
- LinkedIn: https://www.linkedin.com/company/innowatts-energy/
- Twitter/X: https://twitter.com/innowatts

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Profile page: https://yespress.io/innowatts
Published by YesPress — https://yespress.io
Last updated: 2026-10-04