Electrifying heat will play a critical role in building a greener global energy system. However, the transition from gas to electric heating presents a major challenge to grid stability. Komodo Energy is developing software solutions to integrate heat flexibility into energy markets, ensuring a reliable and efficient shift to electric heating.
Komodo Energy’s platform connects heat pumps and hot water tanks to energy markets, helping to balance the grid while generating additional revenue. The company’s technology identifies the most lucrative opportunities in energy markets, aggregates assets to maximise trading potential, and ensures that flexibility is used at optimal times based on manufacturer specifications and consumer behaviour. By integrating with controller APIs, the platform automates asset control and facilitates seamless energy market participation.
In January, Komodo Energy secured £340,000 in initial funding at the idea stage from investors with deep expertise in energy flexibility markets, including One Planet Capital, SFC Capital, and Neil Williams of Green Breakthrough Energy. These investors have previously backed leading energy flexibility players such as Electron, Piclo, and Ev Energy.
The Komodo Energy team is now working with heat pump, hot water tank, and smart-controller manufacturers to refine and expand its solution, ensuring that trading happens seamlessly while maintaining system integrity and consumer reliability.
