Home Business NewsBusiness Igloo Energy wins £1m funding and gets backed by government

Igloo Energy wins £1m funding and gets backed by government

by LLB Reporter
14th Aug 18 7:05 am

Igloo Energy, has been awarded two grants totalling over £1 million to further develop its unique energy saving software in partnership with two leading British universities.

A grant worth over £900,000 has been awarded to Igloo Energy by the Department for Business, Energy and Industrial Strategy (BEIS), as part of the Thermal Efficiency Innovation Fund – a government led scheme investing up to £10 million to develop technologies and approaches to increase energy efficiency across the UK.  Research from the UK Energy Research Centres shows that by introducing cost effective measures, the country could save a quarter of the energy used by households by 2035.

The grant will fund a two year project to further develop Igloo’s unique software that identifies suitable energy efficient upgrades for customers’ homes. The research will: analyse customers’ energy consumption; together with using insights gained from interacting with customers; and datasets that describe the homes we live in, the appliances we own and how we use them; as well as other available household data.

As a result, Igloo will be able to understand the value to each customer of installing smart energy efficiency measures and provide each individual customer highly personalised recommendations to make it easier for them to reduce bills and therefore help the UK improve the energy efficiency of its housing stock.

Leave a Commment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]