Developing statistical tools for energy management services

Maths researchers from the University of South Wales (USW) created a suite of statistical tools that formed a central component of the intellectual property of a high-growth start-up company, RUMM Ltd. 

The company approached university statisticians to develop new real time data analysis methods to improve their energy management software and strengthen their competitive advantage. 

The USW research improved the data-analytics capability of the company, critically leading to new intellectual property which underpinned the acquisition of the company by a major British energy supplier, RWE Npower Ltd in March 2015, generating significant economic and environmental impacts, through client cost savings and a reduction in carbon emissions across the UK. 

The research also contributed to economic regeneration in the deprived communities in the south Wales valleys through the training and upskilling of employees and the reinvestment of shareholder income into new start-up companies.