xWatts closes £1.6M to expand AI-powered energy management solutions

xWatts Secures £1.6 Million Seed Funding for AI-Driven Energy Management London-based xWatts has successfully closed a £1.6 million seed funding round, signaling a significant advancement in the European market for intelligent energy management solutions. This investment, led by Cambridge Enterprise Ventures and supported by Cambridge Angels, Parkwalk, and R42, will fuel the expansion of xWatts' AI and machine-learning platform designed to decarbonise complex real estate assets across Europe. The funding underscores growing investor confidence in technology that tackles both energy efficiency and environmental sustainability in the built environment. The core of xWatts' offering lies in its sophisticated AI and machine-learning technology, which actively manages energy consumption in large and complex real estate portfolios. Unlike traditional systems that merely provide insights, xWatts connects directly to building energy systems to model facilities in real-time. This allows for automated optimisation of energy generation and demand, encompassing critical systems like HVAC, solar power, and combined heat and power, ultimately aiming to reduce operational costs and carbon emissions. This technological leap has direct implications for non-domestic buildings across Europe, where energy expenditure is a substantial operational cost. Sectors such as healthcare, education, and manufacturing, which often feature energy-intensive systems, stand to benefit significantly from xWatts' proactive management approach. The company's successful deployments in these areas have already demonstrated tangible reductions in energy usage, operating expenses, and associated carbon footprints, positioning xWatts as a key player in Europe's digital transformation of energy infrastructure.