Klugit Energy
Klugit Energy aims to deliver simple, quick and cheap demand-repose solutions to utilities and families with immediate benefits. Klugit is a smart plug that can be connected to any electric water tank, converting it into a smart one, Wi-Fi connected and smart-grid ready. Electric water heaters/tanks (EWS) waste a lot of energy in standby thermal losses (438 kWh/y for an 80L). Only in Europe there are around 28 mio EWS installed, equivalent to 12 TWh/y of wasted energy (same emissions as 2 mio cars per year). By installing Klugit and placing our sensor in external contact with hot water pipe, we use AI to learn your hot water usage routine and heat up water when you will actually need it, delivering immediate savings to families (>45 EUR/y). More importantly klugit is the cheapest and quickest way to provide “peak shaving” services for utilities, since it converts electric tanks into smart grid energy storage devices, solving one of renewable energy biggest problems.
Klugit Energy
Klugit Energy aims to deliver simple, quick and cheap demand-repose solutions to utilities and families with immediate benefits. Klugit is a smart plug that can be connected to any electric water tank, converting it into a smart one, Wi-Fi connected and smart-grid ready. Electric water heaters/tanks (EWS) waste a lot of energy in standby thermal losses (438 kWh/y for an 80L). Only in Europe there are around 28 mio EWS installed, equivalent to 12 TWh/y of wasted energy (same emissions as 2 mio cars per year). By installing Klugit and placing our sensor in external contact with hot water pipe, we use AI to learn your hot water usage routine and heat up water when you will actually need it, delivering immediate savings to families (>45 EUR/y). More importantly klugit is the cheapest and quickest way to provide “peak shaving” services for utilities, since it converts electric tanks into smart grid energy storage devices, solving one of renewable energy biggest problems.
TL;DR
What they do: Smart plug that converts electric water heaters into Wi‑Fi and smart‑grid ready devices
Founded / HQ: Founded Nov 16, 2018; Aveiro, Portugal
Founders / Key people: Founders: Carla Antunes and Tiago Bandeira; Tiago Bandeira noted as Founder & CEO; Francisco Mendes noted as CTO
Recent funding: Seed round dated Feb 15, 2021
Notable investors: EIT InnoEnergy and Portugal Ventures participated in early rounds
Company Overview
Problem Domain
Residential energy efficiency, demand response, grid flexibility
Founded
2018
Industry
Clean energy / Energy efficiency
Funding Track Record
Disclosed on company profile; investors reported to include EIT InnoEnergy and Portugal Ventures
Investor Signal
“EIT InnoEnergy and Portugal Ventures participated in early rounds”