Synergi launches spot-price optimization for heat pumps to serve Europe’s 20 million heating and cooling devices
The new “smart climate” feature is one of the first in Europe and could help households save 20% percent off their heat pump electricity costs.
Helsinki (December 1st, 2023)–Synergi, a Finnish technology company accelerating the transition toward sustainable energy sources with smart software solutions for consumers and businesses, announces the launch of a new app feature, “Smart Climate,” to help households use heat pumps optimally and save on their electricity bills.
This year, Synergi launched a roster of smart electricity features within its consumer app built to support European households in optimizing electricity consumption according to spot prices and grid carbon intensity.
Synergi Smart Climate is a fully automated way of optimizing heat pump usage according to a user’s preferred indoor temperature and spot electricity prices. Smart Climate works without costly hardware installations or compromising comfort indoors. The feature natively supports wifi-enabled Mitsubishi heat pumps or any other brand connected via a Sensibo (infrared AC controller). Native support for other heat pump brands will come later.
To use Synergi Smart Climate, households set a preferred indoor temperature, and Synergi handles the smart optimization. When the prices rise, the temperature is lowered slightly without sacrificing comfortability. In turn, when prices decrease, the target temperature is increased. According to Motiva, users can reduce their energy bills by five percent by lowering the heat pump temperature by one degree Celsius during the heating season. Additionally, using electricity during cheaper hours contributes to increased savings, which can sum up to 20% of total heat pump electricity costs.
“The International Energy Agency (IEA) estimates that by 2050 there will be 1.8 billion heat pumps. Yet, we already have millions of heat pumps in Europe with little to no optimization capabilities. Since electricity costs and lower emissions are the main motivation to switch from gas heating, price optimization is a breakthrough feature for consumers,” says Antti Hämmmäinen, CEO & Co-founder of Synergi.
Synergi’s product vision is to remove the need to manually think about electricity consumption and provide consumers with just one application with connection to all major household devices and smart optimization features considering factors such as electricity prices, weather, solar production, and much more.
“Our mission at Synergi is building the proper software infrastructure on top of household hardware so consumers can make their electricity consumption more cost-efficient and greener while bringing access to energy companies to offer our application as a turnkey solution to their customers,” says Hämmäinen.
In addition to Finland, Synergi Smart Climate currently works in most Nord Pool markets: Austria, Belgium, Estonia, France, Germany, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, the UK, Norway, Sweden, and Denmark.
Synergi Smart Climate launched officially on December 1st during Slush 2023 at the Startup Studio stage at 11:18 a.m.
For more information
Kim Oguilve
Head of Marketing & Communications
Antti Hämmäinen
CEO & Co-founder
Backed by Lifeline Ventures, APX, and Wave Ventures
Synergiis a Finnish technology company accelerating the transition toward sustainable energy sources with smart software solutions tailored to businesses and consumers.
With Synergi, energy companies can offer turnkey smart electricity management to their customers. Synergi handles everything from hardware connections to optimizing electricity consumption, reward programs for end-users, customer service, and more. As a result, their customers enjoy the benefits of smarter electricity usage, and their business improves customer satisfaction and increases revenue.
Synergi smart electricity app is currently free for households to use. Getting started happens in three easy steps:
- Log in and link devices: Electric vehicles, heating & cooling devices, solar systems, and more—no extra hardware needed.
- Set up preferences: Users decide on charging, home heating & cooling preferences and set usage limits.
- Enjoy the savings: Synergi automatically optimizes a user’s consumption by using electricity when it’s cheap and green.
Kim Oguilve