Mixergy develops smart hot water tanks that utilize machine learning and integrated heat pump technology to optimize energy use and reduce costs. Their systems can decrease hot water bills by up to 40% and lower gas consumption by 21%, facilitating the transition to renewable energy sources.
Funding
$15.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional hot water tanks often waste energy by heating the entire tank, even when only a small amount of hot water is needed. This inefficiency leads to higher energy bills and increased carbon emissions. Furthermore, many systems are not easily integrated with renewable energy sources like solar power.
Solution
Mixergy offers smart hot water tanks that utilize machine learning and integrated heat pump technology to optimize energy usage and reduce costs. The tanks learn usage patterns to heat only the necessary amount of water, minimizing energy waste. They are designed to work with various heat sources, including solar and heat pumps, facilitating a transition to renewable energy. The system reduces hot water bills by up to 40% and lowers gas consumption by up to 21%.
Target Audience
The primary customers are homeowners looking to reduce energy bills and carbon footprint, as well as social housing providers seeking to maximize energy efficiency.
Features
- Machine learning algorithms optimize heating schedules based on user behavior.
- Integrated heat pump technology provides 3x greater efficiency compared to direct electric cylinders.
- Embedded solar diverter enables the cylinder to act as a hot water battery.
- Compatibility with smart tariffs allows users to maximize savings through automatic scheduling.
- Ability to connect to any power source, including solar and heat pumps.
- Mobile app for remote monitoring and control.
- 25-year guarantee.