5 years ago

A Match Made in Hot Water: How Centrica and Mixergy's Collaboration is Making Waves

  • This article explores the successful post-investment relationship between Centrica and Mixergy, a UK-based startup

  • Mixergy has created a smart water tank that heats water more efficiently, aligning with Centrica's interest in Home Energy Management (HEM) systems

  • Centrica initially invested in Mixergy in 2019 through a convertible loan and recently participated in their Series A round alongside other investors

  • The collaboration has been fruitful due to clear communication, aligned goals, and a strong understanding of each other's strengths

  • The partnership has benefited both companies, with Mixergy experiencing sales growth and Centrica gaining valuable insights into the residential energy management market.

      • ProblemTechnology

      "Traditional water tanks waste energy by heating the entire tank, even when only a small amount of hot water is needed. This leads to higher energy bills and inefficient use of resources."

      Solution

      "Mixergy's smart water tank heats water gradually in strata, only heating the portion needed. This reduces heat loss, saves energy, and heats water faster, making it more efficient."

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