climote announces new €1.5m Investment to help drive their R&D programme – Irish Tech News
Summary
This investment is a key element of their research and development programme in the area of smart grid services, the electrification of heat, electric vehicle (EV) charging and home battery storage. climote continues to pioneer the use of technology which enables the reduction in the use of fossil fuels, helping to reduce energy usage and greenhouse gas emissions. This sales pipeline comes on the back of 7 consecutive quarters of growth for climote (Q1 2017 – Q3 2018), which has also resulted in a 25% increase in staff within the company. These sales have been predominantly, but not exclusively from the UK and Irish markets, however, the company has embarked upon a number of significant new international trials. climote’s technology is used in a suite of home energy management products and services primarily within the utility sector, and future developments will be focused on bringing scaleable solutions addressing international trends on decarbonisation.
