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.

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.

One of the projects is in the Stockholm area with Norrenergi’s customers. One customer says

the system learns the lag in the house in order to achieve an even and efficient heating. I now have much more stable heating than before and save energy every day.

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.