Enosi

Enosi, a Sydney-based software company founded in 2018, is focused on the traceability of clean energy. The firm was established by CEO Steve Hoy and Head of Strategy Grant McDowell to address the growing demand from corporations and consumers for verifiable renewable energy sources. Hoy brings over 35 years of experience in the power and IT sectors, including a significant tenure at IBM as the Global Smart Grid Systems Leader, which provided him with deep insights into smart grid technologies and utility industry challenges.

Enosi operates on a Software-as-a-Service (SaaS) business model, marketing its flagship product, Powertracer, to energy retail suppliers in a B2B2C arrangement. These retailers pay to integrate Powertracer with their metering and billing systems, enabling them to offer differentiated electricity products to their end customers, which include corporations, small businesses, and residential households. The company generates revenue by charging its retail partners for the use of the Powertracer service. The platform's market spans Australia, with expansions into the UK, Singapore, and Europe.

Powertracer is a grid-scale software platform that leverages smart meter data to trace, match, and settle energy production and consumption every half-hour. This allows end-users to see exactly where their energy is coming from—be it a specific wind or solar farm—and when. A key feature is its ability to facilitate new types of energy contracts, such as Matched Energy Supply Agreements (MESAs) and peer-to-peer trading, allowing customers to buy energy directly from renewable generators at agreed-upon prices. The technology provides granular, 24/7 traceability of energy from 'source to socket', a crucial tool for companies aiming for 'True Zero' carbon emissions by matching consumption with clean energy generation in near real-time. Unlike some platforms, Powertracer is not built on blockchain, a deliberate choice to ensure scalability and avoid unnecessary complexity in a regulated market.

Since its inception, Enosi has secured key partnerships and funding. A seed round on October 14, 2021, raised $1.48 million from investors including ReNu Energy, Energy Estate, and Artesian. The company has also received a $1 million clean technology grant from Investment NSW. Enosi's technology is used by a range of clients through its retail partners, including major corporations like Google, Canva, and Woolworths, for applications such as Virtual Net Metering and direct renewable energy matching. The company has established partnerships with several energy retailers, including Evolve Energy in the UK, Momentum Energy, and Next Business Energy in Australia, and Senoko Energy in Singapore.

Keywords: energy traceability, 24/7 carbon-free energy, clean energy software, renewable energy trading, Powertracer, smart meter data, energy-as-a-service, peer-to-peer energy, grid-scale software, energy provenance, virtual net metering, matched energy supply agreement, B2B2C energy tech, True Zero carbon, renewable energy certification, energy source verification, electricity data analytics, SaaS energy platform, decarbonization solutions, utility software, corporate renewable procurement, community energy sharing