Oxford spin-out is energy-saver for business

Nov 08, 2011
sMeasure energy monitoring software from Pilio Ltd

The latest spin-out from Oxford University, Pilio Limited, provides a cost-effective online tool enabling small and medium businesses to monitor and manage their energy usage, potentially saving up to 40 per cent of their energy budget.

The company was spun out of Isis Innovation, the University’s technology commercialisation company today.  It is the first company to graduate from the Isis Software Incubator.

Pilio’s online energy monitoring tool, sMeasure, was developed and piloted at the University’s Environmental Change Institute. It has been available online for three years, and in the last year has been used by over 400 businesses to monitor their energy use.

sMeasure works by combining two sets of data: gas and electricity meter readings provided by the customer and weather data, to accurately assess a building's energy efficiency. It requires no additional meters or devices.

Pilio CEO Catherine Bottrill said: "Energy costs are going up significantly this winter. Many businesses will be looking for a way to save money.

"sMeasure allows companies to implement their environmental and energy policy. We have kept the cost for our customers low at a subscription of £120 a year per building. Using the tool requires only 5 minutes a week to input meter readings.

"sMeasure helps companies to use their own common sense to stop energy being wasted in their buildings. They can look at their patterns of energy use over time so they can spot peaks, troughs and abnormalities, which will alert them to problems with their building control settings or prompt them to carry out maintenance work."

Chief Executive of the Royal Albert Hall, Chris Cotton, said: "We have used sMeasure for the last 3 years. It is an inexpensive, simple to access and extremely effective tool to allow those running businesses get a snapshot of their energy consumption over a day, week or year and then take appropriate action to improve efficient use of energy."

Managing Director of Isis Innovation, Tom Hockaday, said: "Pilio, with sMeasure, is a great example of how Isis makes innovative technology from the University accessible for the benefit of business and the environment. We’re delighted that Pilio’s service is already proving its value, and that the company is now able to take the next step in its development."

Pilio’s UK clients include Greater Authority of London, Julie’s Bicycle, Ebico and Severn Wye Agency. sMeasure is expanding into the US market as part of the Innovator Pilot Project with Sierra Business Council. This project is supported by Pacific Gas and Electric, the largest utility in the US. Over the next year, the company aims to increase the number of UK and US SMEs it works with four-fold.

Pilio has spent one year as part of the Isis Innovation Software Incubator, and has been supported by a £15,000 investment of working capital from the Oxford University Challenge Seed Fund, also managed by Isis. Companies can visit the Pilio website and get a free 30 day trial of sMeasure. No downloads or kit are necessary.

The company is named Pilio in reference to the butterfly effect whereby small changes can have a big impact. This symbolises the positive effect that informed could have on the environment.

Explore further: Audi to develop Tesla Model S all-electric rival

add to favorites email to friend print save as pdf

Related Stories

Harnessing tidal energy

Oct 26, 2010

A new company, Kepler Energy Limited, has been formed to develop a tidal turbine which has the potential to harness tidal energy more efficiently and cheaply, using a device which is simpler, more robust and ...

Affordable solar technology

Jan 06, 2011

An innovative Oxford company has developed new solar cell technology that is manufactured from cheap, abundant, non-toxic and non-corrosive materials and can be scaled to any volume.

Study: Can we balance air conditioning, saving energy?

Jun 21, 2011

(PhysOrg.com) -- When it's 100-plus degrees outside, all you want to do is turn up the air conditioning inside. Because of all of this cooling, some government-mandated incentive programs are aimed at getting us to buy more ...

Light electric motor spins out

Sep 10, 2009

(PhysOrg.com) -- A new Oxford University spin-out company, Oxford Yasa Motors, has been set up to commercialise lightweight electric motors developed at the Department of Engineering Science. The new technology ...

Recommended for you

Audi to develop Tesla Model S all-electric rival

7 hours ago

The Tesla Model S has a rival. Audi is to develop all-electric family car. This is to be a family car that will offer an all-electric range of 280 miles (450 kilometers), according to Auto Express, which ...

A green data center with an autonomous power supply

13 hours ago

A new data center in the United States is generating electricity for its servers entirely from renewable sources, converting biogas from a sewage treatment plant into electricity and water. Siemens implemented ...

Can we create an energy efficient Internet?

14 hours ago

With the number of Internet connected devices rapidly increasing, researchers from Melbourne are starting a new research program to reduce energy consumption of such devices.

Shedding light on solar power

Nov 27, 2014

Everyone wants to save energy, but not everyone knows where to start. Grid Resources, a startup based out of the Centre for Urban Energy's iCUE incubator, is developing a new website that seeks to help homeowners ...

Energy transition project moves into its second phase

Nov 27, 2014

Siemens is studying new concepts for optimizing the cost-effectiveness and technical performance of energy systems with distributed and fluctuating electricity production. The associated IRENE research project ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.