More than 25% of global energy consumption comes from heating and cooling buildings. On an annual basis, these grids lose about a quarter of their heat. With fuel prices rising, there is a risk of fuel shortages and the call for CO2 reduction is getting stronger. Heating systems often run on outdated software and the transformation to integrated energy systems with local sustainable sources makes it even more important to have the right software.
Enter Dutch climate startup Gradyent, which has developed technology to help heating companies optimise their heat systems and save CO2 to deliver affordable and reliable heat. The green tech company has brought in €10 million in funding to make district heating systems more efficient and sustainable.
The funding, backed by existing investors, including Capricorn Partners, ENERGIIQ, Helen Ventures and new investor Eneco, comes at an important time in the energy transition.
Founded in 2019 in Rotterdam, the startup has developed software based on the Digital Twin technology. So how does it work? A digital copy of the physical heat system is made, combining geographical, weather and sensor data with physical models and AI. According to the company, the technology makes it possible to optimise the heating system in real-time and to run simulations of future situations, saving on average 20% heat loss, 10% CO2 emissions and 5-10% fuel costs.
Herve Huisman, CEO of Gradyent said: “Our mission is to make heating systems future-proof. With the Gradyent Digital Twin, we can both increase the efficiency of existing systems and accelerate the transition to more sustainable systems.”
“The acceleration of sustainable heat is one of the important pillars of our One Planet ambition to be climate neutral by 2035, together with our customers. Eneco has been a customer of Gradyent for a long time and wants to further deepen the relationship with this investment,” added Robert Blom, investment director of Eneco Ventures.
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