{"id":13177,"date":"2023-06-26T12:57:12","date_gmt":"2023-06-26T12:57:12","guid":{"rendered":"http:\/\/TheNextWeb=1397703"},"modified":"2023-06-26T12:57:12","modified_gmt":"2023-06-26T12:57:12","slug":"german-startup-raises-e430m-to-create-virtual-power-plant-for-your-home","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=13177","title":{"rendered":"German startup raises \u20ac430M to create \u2018virtual power plant\u2019 for your home"},"content":{"rendered":"\n<p><span>Hamburg-based <span>1KOMMA5\u00b0<\/span> is the latest startup to join the expanding club of climate tech unicorns, after bagging \u20ac430m in fresh funding. <\/span><span>&nbsp;<\/span><\/p>\n<p><span>Founded just 23 months ago, the startup\u2019s main product is Heartbeat, an IoT device that acts as the air traffic control of your home\u2019s energy system. The device connects your solar panels with other energy infrastructure such as energy storage, car chargers, and heat pumps, and optimises the whole system.<\/span><\/p>\n<p><span>By intelligently linking all the energy devices in the home, 1KOMMA5\u00b0 aims to not just decarbonise the energy grid (and keep global warming within 1.5 \u00b0C \u2014 as the company name suggests), but save you money in the process.&nbsp;<\/span><\/p>\n<p><span>It does this through what the company calls \u201cenergy system optimisation\u201d \u2014 in other words, boosting the overall efficiency of the electric devices in your home.&nbsp;<\/span><\/p>\n<p><span>Heartbeat deploys several techniques to ease your electricity bill, including automatically purchasing power when it is cheap (on a windy day for instance) and selling excess power back to the grid when the price is favourable. The device is claimed to save homeowners \u20ac1,550 on their energy bill each year. Heartbeat comes with an app which gives real-time access to energy flows and historical data.<\/span><\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\" readability=\"0\"><a href=\"https:\/\/thenextweb.com\/news\/crystals-jets-and-magnets-make-cooling-greener\" data-event-category=\"Article\" data-event-action=\"In Article Block\" data-event-label=\"Crystals, jets, and magnets \u2014 is this how to make cooling greener?\" target=\"_blank\" readability=\"4\" rel=\"noopener noreferrer\"><\/p>\n<p class=\"ica-text__title\">Crystals, jets, and magnets \u2014 is this how to make cooling greener?<\/p>\n<p><\/a><\/div>\n<\/div>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1397705 size-full js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn.jpg\" alt=\"1komma5-startup-climate-tech-unicorn\" width=\"1600\" height=\"1067\" sizes=\"(max-width: 1600px) 100vw, 1600px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn.jpg 1600w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-280x187.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-202x135.jpg 202w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-405x270.jpg 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-1536x1024.jpg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-796x531.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-1592x1062.jpg 1592w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/german-startup-raises-e430m-to-create-virtual-power-plant-for-your-home#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fecosystems%2F2023%2F06%2F26%2Fgerman-startup-raises-e430m-to-create-virtual-power-plant-for-your-home%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: 1KOMMA5\u00b0 founder and CEO Philipp Schr\u00f6der holding the Heartbeat IoT device. Credit: 1KOMMA5\u00b0\" data-title=\"Share 1KOMMA5\u00b0 founder and CEO Philipp Schr\u00f6der holding the Heartbeat IoT device. Credit: 1KOMMA5\u00b0 on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share 1KOMMA5\u00b0 founder and CEO Philipp Schr\u00f6der holding the Heartbeat IoT device. Credit: 1KOMMA5\u00b0 on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>1KOMMA5\u00b0 founder and CEO Philipp Schr\u00f6der holding the Heartbeat IoT device. Credit: 1KOMMA5\u00b0<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1397705 size-full\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn.jpg\" alt=\"1komma5-startup-climate-tech-unicorn\" width=\"1600\" height=\"1067\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn.jpg 1600w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-280x187.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-202x135.jpg 202w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-405x270.jpg 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-1536x1024.jpg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-796x531.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/06\/1komma5-startup-climate-tech-unicorn-1592x1062.jpg 1592w\"><\/noscript><\/figure>\n<p><span>Through its interconnected energy system, 1KOMMA5\u00b0 is creating what is known as a \u201cvirtual power plant\u201d \u2014 <\/span><span>a system that brings together multiple independent energy sources and helps balance supply and demand more efficiently. <\/span><span>&nbsp;<\/span><\/p>\n<p><span>Founder and CEO Philipp Schr\u00f6der \u2014&nbsp; a former Tesla country director \u2014 has been working hard to secure capital for the new venture, and seems to be doing a good job.&nbsp;&nbsp;<\/span><\/p>\n<p><span>Last year, the startup raised \u20ac200m in a funding round featuring the likes of Porsche and Norrsken Foundation. The latest round was led by California-based fund G2VP, and comprises \u20ac215m in equity, and a further \u20ac215m in buyback options.&nbsp;&nbsp;<\/span><\/p>\n<p><span>\u201cThe 1.5\u00b0 climate target needs speed in execution and with this round we are delivering our contribution to make as many buildings CO2 neutral as quickly as possible,\u201d said <\/span><span>Schr\u00f6der.<\/span><\/p>\n<p><span>With the new funding, 1KOMMA5\u00b0 intends to make Heartbeat compatible with existing energy devices, thus expanding its reach and impact. Furthermore, its investing an undisclosed amount into a new R&amp;D site in Berlin. &nbsp; <\/span><\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/german-startup-raises-e430m-to-create-virtual-power-plant-for-your-home\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hamburg-based 1KOMMA5\u00b0 is the latest startup to join the expanding club of climate tech unicorns, after bagging \u20ac430m in fresh funding. &nbsp; Founded just 23 months ago, the startup\u2019s main product is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":13178,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/13177"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13177"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/13177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/13178"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}