Dutch climate startup Gradyent, which has developed technology to help heating companies optimise their heat systems and save CO2 to deliver affordable and reliable heat.
The green tech company has brought in €10 million in funding to make district heating systems more efficient and sustainable.
The funding, backed by existing investors, including Capricorn Partners, ENERGIIQ, Helen Ventures and new investor Eneco, comes at an important time in the energy transition.
Founded in 2019 in Rotterdam, the startup has developed software based on the Digital Twin technology.
A digital copy of the physical heat system is made, combining geographical, weather and sensor data with physical models and AI.
According to the company, the technology makes it possible to optimise the heating system in real-time and to run simulations of future situations, saving on average 20% heat loss, 10% CO2 emissions and 5-10% fuel costs.
More than 25% of global energy consumption comes from heating and cooling buildings. On an annual basis, these grids lose about a quarter of their heat.
With fuel prices rising, there is a risk of fuel shortages and the call for CO2 reduction is getting stronger.
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