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Energy · head to head

Novity vs Siemens EnergyIP

Novity logo

Novity

Energy

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

From
On request
Rated
-
Full reviewWebsite
Siemens EnergyIP logo

Siemens EnergyIP

Energy

Comprehensive utility customer management platform

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: 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.; Siemens EnergyIP pricing not disclosed on website
  • They diverge on capability: Novity covers TruPrognostics engine, Siemens EnergyIP covers Customer information system.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Novity and Siemens EnergyIP actually diverge.

Attributes where Novity and Siemens EnergyIP differ
AttributeNovitySiemens EnergyIP
PlatformsWeb, CloudWeb, Mobile, Api
FoundedUnknown1847

Identical on both: starting price (On request), pricing model (quote), 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 Novity

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

Only in Siemens EnergyIP

  • Customer information system
  • Meter data management
  • Billing and invoicing
  • DER management
  • Customer self-service
  • Revenue protection
  • Demand response
  • Outage management integration

What people use each for

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

Novity

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

Siemens EnergyIP

  • Customer billingnot Novity
  • Meter data managementnot Novity
  • DER integrationnot Novity
  • Customer engagementnot Novity

Where each one falls short

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

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.

Siemens EnergyIP

  • Pricing not disclosed on website
  • Free trial mentioned but pricing for full product not specified
  • Contact required for commercial terms

Pricing, plan by plan

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

Siemens EnergyIP

On request

No published plan breakdown. See the Siemens EnergyIP review.

Which should you pick?

Choose Novity if

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

Choose Siemens EnergyIP if

  • You need customer information system.
  • You work on Web, Mobile, Api.
  • You also want meter data management.
Siemens EnergyIP review

Questions people ask

Is Novity or Siemens EnergyIP better?
Neither clearly leads. Novity starts at On request and Siemens EnergyIP at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Novity or Siemens EnergyIP?
Novity starts at On request and Siemens EnergyIP at On request.
Does Novity or Siemens EnergyIP run on more platforms?
Novity runs on Web, Cloud. Siemens EnergyIP runs on Web, Mobile, Api.
What is Novity best used for?
Novity is most often used for a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround, an lng terminal with critical compressors and no run-to-failure history to train a conventional model, a wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizon, a generator operator supplying data centre load where an unplanned trip carries contractual penalties. Of those, a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround and an lng terminal with critical compressors and no run-to-failure history to train a conventional model are not what Siemens EnergyIP is typically brought in for.
What can Novity do that Siemens EnergyIP cannot?
Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life. Siemens EnergyIP covers Customer information system, Meter data management, Billing and invoicing, DER management.

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.

Siemens EnergyIP: How much does Siemens EnergyIP cost?

Siemens does not publish pricing for EnergyIP online. A free trial is available, but full product pricing must be obtained by contacting Siemens directly.

Source
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.

Siemens EnergyIP: Is there a free trial for Siemens EnergyIP?

Yes, Siemens offers a free trial for the Eigen Engineering Agent for TIA Portal, a product mentioned as part of their EnergyIP offering.

Source
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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