Partnering opportunity

Smart hot water controller for electric hot water storage heaters.

Summary

A Cyprus start-up company has developed and is about to commercialise a cloud-based hot water controller for electric hot water storage heaters (immersion heaters). The device can be easily installed in any electric hot water heater and controlled remotely using a smartphone/web application. The company is seeking manufacturers and installers of immersion heater as well as electricians for commercial agreements with technical assistance.

Partner expertise sought

Type of partner sought: - Manufacturers of water storage heaters - Electricians and installers of immerse heaters and thermostats - Wholesalers and retailers of electrical devices Specific activity of the partner: manufacture and/or installation of immersion heaters and thermostats. Role of partner sought - Manufacturers of water storage heaters to integrate the offered device into their products. - Electricians and installers of immersion heaters and thermostats to install the offered device in new and existing installations. - Wholesalers and retailers of electrical devices to promote and distribute the device in their territory as well as to provide training and technical support to their customers/installers of the device. The Cypriot company will provide to all its partners training and support for the installation and use of the device under commercial agreements with technical assistance.

Description

Across the world, energy and money is being wasted on heating water that is not being used. This is because most hot water storage tanks do not indicate the temperature of the water inside to their users. As a result, frequently there is not enough hot water when it is needed, or else there is too much hot water when it is not needed. This inconvenience costs homeowners time and money, and contributes to several Terawatt-hours of wasted energy annually within Europe alone. In addition, the lack of precision of traditional thermostats increases the wasted energy. The Cyprus based start-up has been developing the product over the past two years. It has participated in the 2016 National final of Climate Launchpad, the largest green-tech completion worldwide, where it received the 2nd Prize. The idea was also pitched in the European final in Estonia in the same year receiving positive reviews from all judges. Since then, the company has been accepted in Stage 2 & 3 of the Regional Climate-KIC accelerator program and received funding of over €50,000. This led to the incorporation of the company and the product realization. The company has developed a smart thermostat that can be easily retrofitted into any electric hot water heater. The device is made up of two components: a touch-sensitive temperature display which replaces the existing heater switch in the house and the controller with temperature sensor which is placed at the electric hot water heater. No new wiring is required for the device. The installation is very simple but must be performed by a competent electrician. The simple yet intuitive touch display depicts the water temperature and allows the user to switch on/off the immersion heater. Using the purposely-built smartphone/ web app the user can see the exact temperature and operate the immersion heater remotely from anywhere. In addition, it allows full scheduling of the device according to the users needs. The product is now in the first stages of mass production and the company wants to expand in the European wide market. The company is seeking the following partners for commercial agreement with technical assistance: - Manufacturers of water storage heaters to integrate the offered device into their products. - Electricians and installers of immerse heaters and thermostats to install the offered device in new and existing installations. - Wholesalers and retailers of electrical devices to promote and distribute the device in their territory.

Advantages and innovations

The innovative hot water controller requires no additional wiring from the heater switch to the tank for controlling the immersion heater and reading the water temperature in the tank. The installation is very simple and can be fitted in any hot water storage heater utilising electric immersion heaters up to 16A (3.6kW). The user is able to switch on/off and program any schedule using a purpose specific web / smartphone app. The device functions also in the absence of WiFi connectivity.

Development stage

Field tested/evaluated

Intellectual Property Rights (IPR)

Design Rights


Register your interest

How it works

  • Tell us about yourself
  • We’ll discuss with you
  • We put the right partners in touch

EEN help you find the right partner, rather than you going it alone.

Our role is to review and collate the most suitable submissions, and then send them to the client who posted the opportunity. We consult with you, and the client, to make the process professional and easy.

These are live opportunities. Your registration of interest on the site is just like a professional approach to a business at a networking event. To stand the best chance of success, make your submission really sing. Sell why the client who posted the opportunity should work with you. Excite them. Ask questions. Try and avoid copy and pasting words from elsewhere.

Once the client has chosen their partner, we'll introduce them over email and keep in touch with both parties to see how it's going. Sometimes things progress quickly. Sometimes because of changing priorities for either party, things progress slowly, but you never know - your next big business break could start right here.

?What value does EEN add?
This is your pitch: remember to include your unique selling points (USP) and why someone would want to do business with you
Tell us why you are a good fit for this opportunity, and why you think you're the right people for this partnership
If there's anything additional, or commercially sensitive you'd like to know about this opportunity, please let us know

What next?

To finish up, we just need some extra details about you and your company