Texas energy firm to open European headquarters in Cork

Innowatts analyses data from millions of smart electric meters

Homes and businesses around the world are being upgraded with smart energy meters that provide more data on energy usage by consumers.

Texas artificial intelligence (AI) firm Innowatts is to establish a European headquarters in Cork with plans to create 40 jobs.

The company provides support to global energy providers including Direct Energy, Shell and Iberdrola. It has operated in Europe since 2019 aiming to assist electricity suppliers and grid operators to transition to a sustainable energy system.