During our 2024 Innovation Week in partnership with the Innovation SuperNetwork, we spoke with Heatio – a clean tech company based in Liverpool – about their new initiatives aimed at improving the heat efficiency of UK homes and aiding in the UK’s decarbonisation efforts. The company has been awarded £1.2m in funding by the Department for Energy Security & Net Zero through its Net Zero Innovation Portfolio Green Home Finance Accelerator scheme.
With the aim of providing consumers with clean and affordable energy, Heatio’s Energy as a Service solution (EaaS) is a subscription-based product designed to eliminate upfront costs for those considering heat pumps, solar PV, or battery storage. Around 350 households in the North West of England will be the first to benefit from this new scheme created in partnership with E.ON and Energy Systems Catapult when it launches in Spring 2022. The initiative will integrate a bespoke E.ON energy tariff, further reducing costs.
The second initiative, a project with Perenna Digital Bank and Energy Systems Catapult, offers a fixed-rate green mortgage ranging from 20-30 years, rewarding homeowners with preferential interest rates for retrofitting their homes with low carbon technologies. Homeowners who choose to install clean technologies, such as heat pumps, solar PV, or battery storage, will receive a lower interest rate on their mortgage once the improvements have been completed and validated by the Heatio Flexx platform and home energy management system. This option could save homeowners around £400 per year.
Heatio’s Home Energy Management Solution, Heatio Flexx, is an essential component of each initiative, delivering an accurate energy profile and home insights to suggest energy-efficient technologies tailored to individual households based on their actual energy usage patterns and property characteristics.
Thomas Farquhar, co-founder of Heatio, believes that removing financial barriers for consumers is the most crucial step towards better energy efficiency and encouraging the adoption of low-carbon technology in UK homes. The initiatives aim to make the market more accessible to those with lower incomes and no available capital. With the UK’s housing stock accountable for 40 per cent of the UK’s total emissions, decarbonising homes plays a vital role in achieving the UK’s carbon reduction goals.
Heatio’s innovative initiatives have the potential to unlock significant home energy savings, providing an opportunity to incentivise consumers who haven’t yet installed clean technologies. The funding received by Heatio is only the beginning of their journey to help bring the country closer to our net zero goals.
In conclusion, we applaud Heatio’s new initiatives, which represent a vital step towards creating a more sustainable future. We eagerly anticipate seeing further developments from this innovative clean tech company.
During our 2024 Innovation Week in partnership with the Innovation SuperNetwork, we spoke with Heatio – a clean tech company based in Liverpool – about their new initiatives aimed at improving the heat efficiency of UK homes and aiding in the UK’s decarbonisation efforts. The company has been awarded £1.2m in funding by the Department for Energy Security & Net Zero through its Net Zero Innovation Portfolio Green Home Finance Accelerator scheme.
With the aim of providing consumers with clean and affordable energy, Heatio’s Energy as a Service solution (EaaS) is a subscription-based product designed to eliminate upfront costs for those considering heat pumps, solar PV, or battery storage. Around 350 households in the North West of England will be the first to benefit from this new scheme created in partnership with E.ON and Energy Systems Catapult when it launches in Spring 2022. The initiative will integrate a bespoke E.ON energy tariff, further reducing costs.
The second initiative, a project with Perenna Digital Bank and Energy Systems Catapult, offers a fixed-rate green mortgage ranging from 20-30 years, rewarding homeowners with preferential interest rates for retrofitting their homes with low carbon technologies. Homeowners who choose to install clean technologies, such as heat pumps, solar PV, or battery storage, will receive a lower interest rate on their mortgage once the improvements have been completed and validated by the Heatio Flexx platform and home energy management system. This option could save homeowners around £400 per year.
Heatio’s Home Energy Management Solution, Heatio Flexx, is an essential component of each initiative, delivering an accurate energy profile and home insights to suggest energy-efficient technologies tailored to individual households based on their actual energy usage patterns and property characteristics.
Thomas Farquhar, co-founder of Heatio, believes that removing financial barriers for consumers is the most crucial step towards better energy efficiency and encouraging the adoption of low-carbon technology in UK homes. The initiatives aim to make the market more accessible to those with lower incomes and no available capital. With the UK’s housing stock accountable for 40 per cent of the UK’s total emissions, decarbonising homes plays a vital role in achieving the UK’s carbon reduction goals.
Heatio’s innovative initiatives have the potential to unlock significant home energy savings, providing an opportunity to incentivise consumers who haven’t yet installed clean technologies. The funding received by Heatio is only the beginning of their journey to help bring the country closer to our net zero goals.
In conclusion, we applaud Heatio’s new initiatives, which represent a vital step towards creating a more sustainable future. We eagerly anticipate seeing further developments from this innovative clean tech company.