Smart thermostats: a win-win case for ESCOs and consumers

Is the UK ready to invest in the upgrading and smartening of heat networks? Seven years ago, this question and discussion currently prevalent in the UK was also going round in Sweden. In an attempt to contribute to the improvement of age-old heat networks, Ngenic invented a way to reduce flow temperatures while keeping control in the hands of the heat consumers and decreasing operational costs. In fact, the over-dimensioned systems in the UK are perfect for this type of solution – learn more how.

Sharing economy

To keep up with the latest innovations and adapt the energy business to the sharing economy, considering new business models is a must. There is in fact an opportunity and win-win case for ESCOs and their consumers to improve their mutual relationship through the use of smart thermostats. Smart energy technology resonates with a wider public. By keeping heat consumers happy with the latest, easily accessible technology on devices they already own, ESCOs can create a great way of offering an extra service with which consumers can keep enjoying control.

The self-learning algorithm that Ngenic created into a smart thermostat capitalises on excess capacity, which is why it is especially well suited for the over-dimensioned UK market. ESCOs can create gains from their heat networks as Ngenic uses the excess capacity to balance and optimise heat supply. It is possible to decrease costs while heat users can keep heating their house, around the clock. Today, Ngenic works with many of the ESCOs in the Scandinavia. Björn Berg, CEO of Ngenic concludes “it is possible to change status quo and reap the benefits of reinventing the business model within energy service companies.”

Does this sound like something you wish your heat provider would offer you? Do the test here and find out if Ngenic can work for you.

Sweden is at the forefront of decentralised heat networks technology. Our aim for  “Heat Networks – Sustainability by Sweden” is to facilitate knowledge sharing between British and Swedish stakeholders and develop and encourage environmental and economic best practice.

To find out how we can help you and your organisation,  please  contact our London-based “Heat Networks” team. We can introduce you to leading consultants, suppliers of technology and services who will be pleased to share know-how of the development of heat network solutions.

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