Manchester-based battery tech firm enee.io has secured a £170k boost from Innovate UK.
The firm designs and develops remote battery monitoring systems, combining IoT technology and data analytics to improve battery efficiency. It claims the tech can extend the battery life by up to 40% and removes the need to manually complete and administer inspection paperwork via a mobile app.
The six-figure grant will enable the firm to further develop and commercialise its industrial battery monitoring systems which also provide back-up power for critical infrastructure including hospitals, data centres and mobile phone masts.
The grant will enable the employment of two full-time software developers as the firm gears up to take the product to market in the UK and also internationally, where it will apply the same technology to renewable power systems in developing countries such as Nigeria.
David Smith, Founder & CEO at enee.io said: “This is a really exciting time for enee.io. The Innovate UK grant will enable us to expedite the development process and bring forward the launch of a viable product which we believe will have a significant impact on both the future of industrial battery management in the UK and the uptake of renewable power globally, particularly in developing economies.”
Innovate UK Executive Chair Dr Ian Campbell added: “In these difficult times we have seen the best of British business innovation.
“The pandemic is not just a health emergency but one that impacts society and the economy. enee.io along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development.
“Each one is also helping to realise the ambitions of hard-working people.”