About us

Wattscout

WattScout was founded in 2022 by industry veterans with decades of experience in advanced software for the energy market

WattScout was founded in 2022 as a spinout from eSmart Systems, bringing together industry veterans with decades of experience in advanced software for the energy market.

The team has played a pioneering role in shaping modern energy trading — from building the world’s first power exchange for NordPool to delivering energy trade risk management systems (ETRM) for major companies such as EDF Trading, E.ON, and Statkraft.

With over 10 years of experience in developing solutions for prosumers — large consumers with local production — and Norwegian technology that has been continuously refined since 2013, WattScout stands on a solid foundation of innovation and impact.

Key Points about Wattscout

Spinout from
eSmart Systems

The team has been pioneers in delivering critical systems to energy exchanges and companies globally.

The world’s first power exchange for NordPool.

Energy trade risk management systems (ETRM) for prominent energy companies like EDF Trading, EON, and Statkraft

Energy optimization and flexibility markets with Wattscout

10

years experience in delivering systems to prosumers (large consumers with local production)

Norwegian technology developed since 2013

A Brief History

2012

eSmart was founded behind a reason to make an impact on the energy field.

2013

Connected Trading founded

Financial commodity trading management solution for Energy trading companies

2017

eSmart Systems was awarded a partnership in Invade Horizon 2020.

2018

Connected Prosumer was founded.

Following pilots, demos, and further development, eSmart Systems created an advanced model for optimizing energy management across multiple energy sources.

2022

Wattsocut Solution AS
eSmart Systems reached an agreement with investors to spin out Wattscout as a company. It started with four technical resources from eSmart’s ecosystem.