Energy management specialist RUMM acquired by npower
Move could save British businesses £4bn a year through energy and carbon reduction
Cloud-based energy management firm Remote Utility Monitoring & Management (RUMM) has been acquired by npower, in a move that is estimated to save British businesses up to £4bn a year on their energy bills.
Founded in 2005, the Welsh tech company uses cloud-based data analytics to help businesses monitor and control their energy usage in real time. The company claims to have saved more than £43m for its customers to date.
The move will allow npower, the second largest supplier of energy to UK businesses, to deliver RUMM’s software to it’s biggest customers later this year, with a view to revolutionising their energy efficiency.
With Britain’s industrial and commercial sectors estimated to spend £20bn a year on electricity and gas, npower Business Solutions is predicting that a 20% increase in energy efficiency could translate to a collective saving of around £4bn a year.
Dr Stephen Lloyd, chairman and co-founder of RUMM, commented: “Being part of RWE npower represents a huge opportunity for RUMM. npower Business Solutions wants to provide the best possible energy management for its customers and RUMM has the capability to help deliver this.
Paul Massara, CEO of RWE npower, added: “npower Business Solutions is committed to helping the UK’s largest companies manage their energy needs so they can budget for the future. RUMM’s technology is truly innovative, giving businesses the tools they need to make significant savings on the bottom line.
“This deal represents an important investment in both our energy solutions business and the thriving South Wales tech community. With the right support and incentives, we are confident that Welsh start-ups, like RUMM, will continue to grow, exporting their expertise across the world.”