Texas - based energy tech start - up Innowatts has raised $ 6 m in Series A funding from a consortium of leading energy investors . The company provides analytics for energy companies and consumers , based on data from over 12 million electricity meters . About Innowatts Innowatts is a Houston based energy technology start-up, focused on building the world's first scalable e-Utility™. The investment consortium consists of the investment arms of Shell and Iberdrola , along with specialist Japanese venture capital firm Energy & Environment Ventures . The funding will be used to enable Innowatts to extend the reach of their core platform and further develop its recently - launched ' e - Utility ' retail energy platform .
Texas - based energy tech start - up Innowatts has raised $ 6 m in Series A funding from a consortium of leading energy investors . The company provides analytics for energy companies and consumers , based on data from over 12 million electricity meters . The investment consortium consists of the investment arms of Shell and Iberdrola , along with specialist Japanese venture capital firm Energy & Environment Ventures . The funding will be used to enable Innowatts to extend the reach of their core platform and further develop its recently - launched ' e - Utility ' retail energy platform .