Company: Heatio
Founder: Thomas Farquhar and Simon Roberts
Website: https://www.heatio.com/
About Heatio
Established in April 2022, Heatio is an energy technology company committed to accelerating the adoption of low-carbon solutions via our smart software and services. Our core product, the Heatio Home Energy Platform, simplifies sustainable energy management for both consumers and businesses. By using real-time energy data and digital twin simulation technology, we enable informed decision-making, optimise energy usage, and drive cost savings while supporting the transition to Net Zero.
Many households face challenges in understanding and managing their energy consumption, resulting in higher costs and larger carbon footprints. We address this issue by providing data-driven insights and personalised recommendations that help consumers reduce their energy bills and improve efficiency.
This allows us to showcase the true impact of low-carbon technology, including the financial savings available, through our free digital Home Energy Score. However, we go beyond just recommendations by delivering a complete energy savings solution, from sourcing and installing low-carbon technologies to offering finance options that make the transition to energy-saving solutions more accessible.
Businesses, including energy suppliers, banks, and retailers, also benefit from our platform’s ability to provide them with the data they need to offer tailored solutions and services, enhancing customer engagement and retention, while also providing verifiable carbon savings data to help them meet their scope 3 Greenhouse Gas Emissions obligations.
We believe collaboration is key to achieving net-zero goals. Heatio works closely with industry leaders, including the Department for Energy Security and Net Zero, E.ON Energy Solutions, MyEnergi, GivEnergy, and Samsung, to create a dynamic, low-carbon energy system that benefits consumers, businesses and the grid.
Our innovative approach has secured us £1.2 million in government contracts and supports a pilot initiative to connect 5,000 homes to our Virtual Power Plant (VPP), helping to reshape the UK’s energy infrastructure. We are strategically positioned to drive growth within the clean-tech sector. We support financial institutions, energy suppliers, and lenders in validating green mortgages, meeting Scope 3 greenhouse gas reporting requirements, and facilitating Energy as a Service models. Our work with Perenna’s Retrofit Mortgage and E.ON’s Energy-as-a-Service program demonstrates how our digital twin technology enhances financial accessibility for sustainable home improvements.
Challenges we have overcome:
Fundraising is incredibly time-consuming and distracting. This different sales process requires learning pitching, funding structures, planning for future rounds, understanding tax reliefs, legal requirements, and investor differences. It becomes all-consuming.
Failing Fast is crucial, especially with investors involved. Nothing costs more than delaying necessary changes or pivots. Going quicker and investing more upfront to identify failures accelerates business evolution.
At Heatio, we’re committed to transforming energy and making sustainable living accessible through innovation and collaboration, driving positive change for households, businesses, and the planet.
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