Softwr

Energy · head to head

Enerex vs Novity

E

Enerex

Energy

Energy procurement and market intelligence

From
$500/month
Rated
-
Full reviewWebsite
Novity logo

Novity

Energy

Hybrid physics and machine learning prognostics that estimate remaining useful life for process equipment

From
On request
Rated
-
Full reviewWebsite

The short version

  • They diverge on capability: Enerex covers Real-time pricing, Novity covers TruPrognostics engine.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Enerex and Novity actually diverge.

Attributes where Enerex and Novity differ
AttributeEnerexNovity
Starting price$500/monthOn request
Pricing modelsubscriptionquote
PlatformsWeb, ApiWeb, Cloud
Founded2001Unknown

Identical on both: free tier (No), user rating (Not yet rated), category (Energy).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Enerex

  • Real-time pricing
  • Supplier management
  • Contract optimization
  • Market analytics
  • RFP management
  • Risk analysis
  • Reporting
  • Invoice validation

Only in Novity

  • TruPrognostics engine
  • Cold-start modelling
  • Fault mode diagnosis
  • Remaining useful life
  • Existing sensor reuse
  • Recommended actions
  • Historian connectors
  • Asset class libraries

What people use each for

The jobs each tool is most often brought in to do.

Enerex

  • Energy procurementnot Novity
  • Supplier managementnot Novity
  • Cost reductionnot Novity
  • Risk managementnot Novity
  • Contract negotiationnot Novity

Novity

  • A gas processing plant that needs a defensible time-to-failure number before deferring a turnaroundnot Enerex
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot Enerex
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot Enerex
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot Enerex

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Enerex

Nothing recorded yet. See the Enerex review.

Novity

  • Novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • Physics-based models must be configured per equipment class, so each new asset type is an engineering engagement rather than a configuration screen, and rollout speed is limited by Novitys own capacity.
  • Prognostics depend on the quality and sampling rate of your historian data; plants recording ten-minute averages will not get useful remaining-useful-life estimates without new instrumentation.
  • Nothing about pricing is published and there is no self-service entry point, so evaluation always starts with a sales-led pilot on a handful of assets.
  • The deployment footprint is concentrated in oil and gas, LNG and water, so reference customers and pre-built asset models outside those industries are limited.

Pricing, plan by plan

Enerex

$500/month
  • Professional$500/month
    • Market pricing
    • Supplier comparison
    • Contract management
  • Enterprise$1500/month
    • Advanced analytics
    • Portfolio optimization
    • Risk management
  • Custom$undefined/month
    • White label
    • Custom integrations
    • Dedicated support

Novity

On request
  • TruPrognostics$undefined/year
    • Quoted per asset class and monitored equipment count
    • Model configuration and commissioning quoted as a project
    • Typically an annual subscription tied to a pilot then a rollout

Which should you pick?

Choose Enerex if

  • You need real-time pricing.
  • You work on Web, Api.
  • You also want supplier management.
Enerex review

Choose Novity if

  • You need truprognostics engine.
  • You work on Web, Cloud.
  • You also want cold-start modelling.
Novity review

Questions people ask

Is Enerex or Novity better?
Neither clearly leads. Enerex starts at $500/month and Novity at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Enerex or Novity?
Enerex starts at $500/month and Novity at On request.
Does Enerex or Novity run on more platforms?
Enerex runs on Web, Api. Novity runs on Web, Cloud.
What is Enerex best used for?
Enerex is most often used for energy procurement, supplier management, cost reduction, risk management. Of those, energy procurement and supplier management are not what Novity is typically brought in for.
What can Enerex do that Novity cannot?
Enerex covers Real-time pricing, Supplier management, Contract optimization, Market analytics. Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life.

Answered from the vendors’ own pages

Novity: What does Novity actually output?

A named failure mode and an estimated remaining useful life with a confidence band, not just an anomaly alert.

Novity: Do we need failure history to train it?

No. The physics component is what lets it produce useful prognostics on equipment with little or no run-to-failure data.

Novity: Do we need new sensors?

Often not. It reads from your existing historian, but low sampling rates or missing measurements can require additional instrumentation.

Novity: Who backs the company?

It was spun out of Xerox PARC and took a strategic investment from Acario Innovation, the venture arm of Tokyo Gas, in 2026.

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