Periodic Reporting for period 1 - climote (climote Advanced Demand Management of Heating and Cooling)
Período documentado: 2015-04-01 hasta 2015-09-30
climote ADAM builds on climote’s first product, the climote HUB, and enables consumers to manage up to 80% of the energy they use in the home from anywhere in the world. It chooses the most cost-effective and carbon-effective way to heat/cool the space and water for the consumer and allows utilities to optimise domestic demand remotely. Deployed at scale, entire countries can improve their domestic carbon management at grid level, ultimately helping Governments meet their carbon reduction targets.
To date, climote has followed a sustainable revenue model which combines an attractive commercial proposition with clean energy incentives. climote needs to follow a similar model to succeed in the rest of Europe. The proposal was reviewed with key industry stakeholders who were unanimous in their support and endorsement of climote ADAM.
The project is technically feasible and low commercial risk. Even without grid-level demand there is a strong business case to deploy the product across Europe, but with it the Europe-wide opportunity is huge.