Lumo Energy
This company provides optimised solar and battery systems for homeowners, integrating smart tariffs and proprietary algorithms to maximize energy savings. Their offering includes installation through accredited partners and 24/7 system monitoring via a dedicated mobile application. The core value is delivering up to 30% greater efficiency and cost reduction compared to standard solar installations.
- Artificial Intelligence
- Clean Technology
- Energy
- Internet of Things
- Software Only
Funding
Funding not disclosed
Founders
Product
Problem
Homeowners with solar and battery systems often struggle to maximize their energy savings and earnings due to inefficient energy management and a lack of optimization for time-of-use tariffs. Traditional systems may not fully leverage forecasting and real-time data to make informed decisions about energy import and export, leading to suboptimal financial returns.
Solution
Lumo provides an AI-powered software solution that optimizes the performance of residential solar and battery systems, enabling homeowners to achieve zero electricity bills and generate income by exporting excess energy. The system analyzes historical consumption patterns, forecasts solar generation and household demand, and automatically adjusts energy import and export based on smart time-of-use tariffs. By doubling the effectiveness of batteries and providing real-time insights through a user-friendly app, Lumo maximizes energy independence and financial benefits for homeowners.
Target Audience
Lumo targets homeowners in the UK who have or are considering installing solar and battery systems and want to maximize their energy savings and earnings through intelligent optimization.
Features
- AI-driven forecasting of solar generation and household energy demand
- Automated optimization of energy import and export based on time-of-use tariffs
- Integration with smart meters to analyze historical consumption patterns
- Real-time monitoring and management of energy usage through a mobile app
- Compatibility with EVs, EV chargers, and heat pumps for comprehensive energy management
- Virtual power plant technology for earning revenue by exporting excess energy to the grid
- 24/7 system monitoring and maintenance