Innowatts has announced plans to create more than 40 new energy transition jobs in Cork to drive its European expansion.

The company, which has operated in Europe since 2019, sees enormous potential to empower electricity suppliers and grid operators to gain unrivalled insights that will support them in the transition to a sustainable energy system.

Headquartered in Houston, Texas, Innowatts partners with energy retailers and grid operators worldwide, including Direct Energy, Shell and Iberdrola. Connected to over 43 million smart meters globally, Innowatts’ AI-driven platform analyses over five billion data points every hour.

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Tánaiste and Minister for Enterprise Trade & Employment Leo Varadkar TD said: "I'm very pleased to see that Innowatts is establishing a new office in Cork, which will create over 40 new jobs over the next year or so. The work of companies like Innowatts is important to help ensure Ireland's transition to a sustainable future. I wish the team every success with their new office."

As part of the expansion, Innowatts is establishing its European headquarters in Cork, Ireland supported by IDA Ireland. The team will focus on providing AI-driven data and analysis to deliver quality insights and services for the European and global electricity market. The new roles created include data architects, data scientists, full stack and dev-op engineers alongside energy specialist roles including wholesale market traders, forecasters and risk managers.