Innovation

Observation and innovation together with passion

Every day brings a new opportunity for innovating. This is the approach we have in NECTAWARE that motivates us to analyse, assess and develop new ideas and projects.

Thanks to our multidisciplinary and comprehensive view of the energy sector and of the renewable energies developing market, we have been monitoring market operators' new needs, emerging problems and dramatic changes of Italian and EU power generation composition due, amongst others, to substantial increase of non-programmable power sources, new economic instability and climate change all making electricity demand more instable and difficult to be predicted.

Utilities and market operators will have to adapt their business models increasing and improving their capacity to predict energy consumption and therefore reduce their costs of grid instability that means being able to offer additional services customized to end consumers' new needs.

Thanks to a more accurate analysis of consumption data, meteo forecast and sociological sentiments in real-time elaborated through new and sophisticated proprietary predictive algorithms, NECTAWARE innovates improving the prediction accuracy of energy consumption therefore reducing substantially the costs of current balance spread between predictive and actual consumption which accounts for approximately 1,3%/1,5% of the total i.e. approximately 500 million for the Italian market.

our strengths

Big data analysis

Electricity consumption data are usually not accessed in real time and therefore not processed and meteo data based on historical methods while social sentiment always never part of the analysis process. Therefore, we decided to use an extensive network of smart sub-meters that we have installed in clustered groups of customers, together with real-time data on meteo and pollution and socio-economic factors that have proved to potentially affect final single consumers' attitude and pattern.

Real-time data

Our objective is the access and processing of a high frequency and detailed amount of information collected by our neural nets that allows us to rely on high level of predictive accuracy. This has been possible thank to our sophisticated parallel predictive computing models that are the basis of quality products.

Mix or proprietary algorithms

Thank to the strategic partnership with the spin-off of University of Rome 'La Sapienza', that uses new generation and successful predictive algorithms based and advanced optimisation techniques of mathematic and static models, we have put in place a mix of functional algorithms with an increased and improved electricity consumption prediction capacity.

Technology

We have access to the highest standards of technological services thanks to the support given by our partners such as IBM that are global and leading actor for developing solutions based on big data machine learning and cognitive computing. Each of our products and services combine innovation, effectiveness and friendliness.

100% Italian start-up

We are proud to be Italian and to contribute to the development of our system. We are one of the 466 'Innovative start-up' registered in the special section of the Company House of Rome, and appointed member of one of the three certified incubator of the Lazio Region, as well as one of the 80 initiatives funded and secured by the 'Central Fund of the Mediocredito Centrale' a public facility that supports new technologically advanced start-ups. We believe important to think big and try to provide a contribution for our country's growth and image in the world.