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Manila Bulletin devider Philippines devider National devider PH-developed smart energy analytics platform that could reduce power costs

PH-developed smart energy analytics platform that could reduce power costs

Published May 26, 2021 11:46 pm

A smart energy analytics platform that could reduce the cost of electricity has been locally developed, the Department of Science and Technology - Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) said on Wednesday, May 26.

The improved version of Exora Platform with Intellex Analytics (DOST-PCIEERD)

The DOST-PCIEERD said it was Filipino energy startup tech company Exora Technologies that developed the artificial-intelligence-powered technology.

It described the electronics board as "an artificial-intelligence-powered system that assesses the client’s profile and behavior using historical and real-time data.”

"With Exora Source, customers that have monthly electricity bills of P2.5 million or above, can find their best match retail electricity suppliers (RES) and save up to 30 percent in their electricity bill,” the Council said in a statement.

"The electronic device, called a procurement, will give the consumer a remote access to at least 79 percent of the available retail power in the market, allowing them to see which RES have high ratings in the system and is most suitable to their energy needs.”

xLink Board for Exora procurement platform (DOST-PCIEERD)

The PCIEERD cited that through Exora’s Analytics or a cloud-based energy-monitoring and reporting tool, facility engineers could keep track of power consumption via online.

"Both systems, Exora Source and Analytics, are capable of remote energy monitoring and procurement.”

Serving as the dedicated procurement arm to provide great and positive customer experience using Intellex, Exora is currently housed at the Creativity and Innovation Hub of Ateneo de Manila University (AdMU).

It is supported by the Technology Innovation for Commercialization (TECHNICOM) program of DOST- Technology Application Promotion Institute (TAPI) and monitored by DOST-PCIEERD.

Liberty Commercial Center Inc. (LCC), the biggest mall chain in the Bicol region adopted the AI-powered technology and procured three retail electricity contracts to save almost P 6 million annually, the PCIEERD said.

"We believe in the huge potential of this technology to minimize energy waste and maximize savings on electric bills, that is why we have invested on it,” PCIEERD Executive Director Dr. Enrico C. Paringit said. "We can't wait to see more innovative energy-saving ideas in the Philippines, changing lives and helping others in the process," he added.

The Council noted that through Ateneo Intellectual Property Office’s aid, Exora’s utility model (UM) application remained in progress.

"The team is now working to refine the Exora system and its processes to better serve the Filipino community,” it said.

Related Tags

smart energy analytics platform DOST-PCIEERD EXORA AI-POWERED TECHNOLOGY
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