xWatts

High-Level Overview

xWatts is a cloud-based energy management software company specializing in automating energy optimization for commercial buildings and industrial facilities to cut costs and emissions.[1][2][3] It serves large commercial real estate owners and operators facing high energy bills and ESG pressures, solving inefficient usage through AI-driven analysis of patterns, environmental data, and market conditions—delivering 25-40% savings on energy bills with positive ROI in the first month via a tiered SaaS model starting at £500/month.[1][2] At seed stage post-£1.8M pre-seed funding, xWatts shows strong growth potential in a regulatory-favored ClimateTech market, with expansion plans across UK, Europe, and Middle East.[1][2]

Origin Story

xWatts was incorporated on August 2, 2022, as a spinout from the University of Cambridge.[2][5] Co-founders Yigit Akar (CEO, second-time founder with prior digital-health startup raising £140K+ and MBA from Cambridge Judge Business School) and Alexander Allen (from Department of Engineering, sustainability research focus) developed the idea through university research on energy optimization.[1][2] Early traction came via £1.8M pre-seed round in 2024 from Antler, Cambridge Enterprise Ventures, Parkwalk Advisors, R42 Group, Cambridge Angels, and others, fueling software rollout.[2]

Core Differentiators

• Automation edge: Direct BMS integration with hands-off automation via machine learning, physics-based modeling, and math methods—unlike manual competitors like Elyos Energy—optimizing HVAC, CHP, solar, batteries for day-ahead profitability.[1][2][3]
• Rapid ROI and scalability: Tiered SaaS pricing (£500+/month) yields 4x annual returns, low entry barriers, and AI-ready for growth; reduces manual planning for engineers.[1][3]
• Proven savings: 25-40% energy bill cuts, dual cost/emissions benefits aiding ESG goals in commercial/industrial ops.[1][2]
• Tech stack: Continuous analysis of usage, weather, markets for predictive control.[2]

Role in the Broader Tech Landscape

xWatts rides the ClimateTech wave targeting commercial buildings—a major emissions source—with EU/UK regulations mandating decarbonization and efficiency.[1][2] Timing aligns with soaring energy costs post-crises and net-zero mandates, amplified by AI advancements enabling precise optimization where legacy systems fail.[2][3] Market tailwinds include ESG investor demand and scalable SaaS in a fragmented energy management space; xWatts influences by proving profitable green tech, accelerating adoption in real estate and industrials.[1][4]

Quick Take & Future Outlook

xWatts is primed for seed-to-Series A scaling, leveraging funding for EMEA expansion, AI enhancements, and pilot wins in high-energy facilities like power plants and CHP ops.[1][2][3] Trends like stricter carbon regs, falling AI compute costs, and renewable integration will boost demand; expect partnerships with BMS giants and 10x customer growth by 2027. As a Cambridge spinout with founder grit, xWatts exemplifies how intelligent software turns sustainability into profit—positioning it as a decarbonization leader in commercial real estate.[1][2]