Liverpool-based Heatio is joining Innovate UK‘s Net Zero Living Programme, which it describes as being ‘a pivotal step in testing its ground-breaking Heatio Flexx Home Energy Management System’.
Heatio has been awarded £90k as part of the Net Zero Living Programme, which is investing up to £3.8 million in low-carbon innovation projects.
Heatio Flexx is designed to assist energy-conscious consumers in reducing their energy consumption, making the switch to renewable energy sources, and adopting sustainable practices in their homes, the firm says.
The platform incorporates machine learning, smart metre data analysis, discreet sensor technology, and information modelling. Heatio says it provides homeowners with precise insights into energy costs, potential savings, and home technology specifications.
In the Net Zero Living programme, 25 homeowners will receive a personalised energy usage profile, offering reliable predictions of energy consumption and carbon emissions, the firm says.
Heatio will test a range of homes with and without low-carbon technologies installed to gain feedback on the platform’s onboarding process, user experience and the value delivered to the homeowner.
Thomas Farquhar, co-founder of Heatio, said:
This is a huge achievement for us in our commitment to making a substantial contribution to the journey for a sustainable, net-zero future. Joining the Innovate UK programme will allow us to refine our product, for the benefit of our customers, following real user feedback. By connecting smart homes to our Virtual Power Plant, we can better utilise and manage the energy provided by the National Grid, as well as incorporate and maximise the cost and energy saving opportunities low carbon technology can provide UK households.
In a further move, Heatio has joined with Perenna Digital Bank and Energy Systems Catapult to provide a 20-30 year fixed rate green mortgage that rewards homeowners with a preferential interest rate for retrofitting their homes with low carbon technologies. The new finance option could save homeowners around £400 a year, the partners claim.
