As the cost of living crisis is accelerating in the UK, we are acknowledging UK innovation aimed at reducing domestic energy costs.
Unfortunately, the situation is not resolved immediately, as the energy crisis is affecting families across the UK. In fact, the situation seems to be getting worse. New forecasts show that energy prices in the UK could reach close to £ 3,000 in early October, with planned price increases of over £ 1,000. This is certainly disastrous news, especially for those who are already struggling with the final increase.
Now that millions of people in the UK are suffering from fuel poverty, we need to think more carefully about how to heat and cool our homes. The government has promised lower energy prices and temporary payments to those who have been hit hardest, but this is by no means proportional to the rise they are facing, so to those who are in a pinch. We do not offer great relief.
So how else do households seem to pay less for their energy? Many can be done at home level. Millions of British homes are costly to heat and cool due to poor insulation and design. Technology plays a major role in helping consumers reduce energy costs. There are huge savings made by introducing more efficient techniques into your home, and thankfully there are many companies in this space that are innovating their way.
Insulation can impair its properties when it comes to heating. If that is not enough, it is expected that heating will take longer, will not retain that heat for long periods of time, will have higher energy prices and lower energy ratings. According to the Q-Bot website, “In a typical home, 20% of all heat escapes from the suspended wood floor. This leaves your home dirty and uncomfortable, but you Wastes energy and money to heat the refrigerator.
Q-Bots use robots as a solution to this normally difficult and confusing problem. The robot can enter tight spaces, scan and create 3D maps, and spray insulation as needed. Q-Bot initially worked with local governments, but in 2021 the company moved into private land. So far, they have installed 2,000 times in the UK, reducing carbon dioxide emissions by about 700 kg per year in the average household and reducing heating costs by 150 pounds per year.
Wales digital startup Sero optimizes energy usage with the required level of warmth by billing for a subscription, like a phone plan, and uses the cheapest and most eco-friendly energy to power your home. We aim to eliminate the annoyance of consumers by introducing technologies and algorithms that do.
Legal & General and Hodge recently announced millions of investments in Sero’s smart home energy management technology to reduce emissions within the residential sector.
miGenie provides smart heating control in the form of a smart wireless thermostat and a dedicated app. Smart thermostats provide more efficient, user-friendly and more accessible controls for heating your home. This control allows you to heat your home more efficiently with usage reports and adjust your behaviors and preferences accordingly to save money.
According to their website, “A unique study conducted by the University of Salford in collaboration with BEAMA proves that installing a full set of heating controllers in a property that does not currently have them can save more than 50% on heating costs. I did. “
Indra, the UK’s smart energy technology business, announced plans to conduct the world’s largest V2H charging (V2H) test later this year. V2H technology allows the energy stored in the battery of an electric vehicle to power the household power supply. Using this technology, the vehicle can be charged when electricity is cheapest and energy can be sent back from the vehicle to the house during peak hours.
Comparing real-world data for at least 12 months, Indra’s pilot data show that V2H technology can save up to £ 200 a month on household energy bills, and higher energy users can save more. ..
Mike Schooling, Indra’s founder and CTO, commented: It’s the place where you can achieve the biggest savings in today’s energy markets. “
Register to join the trail now – https://www.indra.co.uk
Based in Cornwall, Kensa is the only producer of geothermal heat pumps in the UK that provides reliable and efficient heating and cooling instead of contaminating fossil fuels. According to their website, geothermal heat pumps can reduce heating costs by 30-50% compared to oil and LPG, with little or no interruption over the 20-year design life of heat pumps and maintenance. Less, no annual service required.
Moving to heat pumps means avoiding volatile prices associated with gas and oil. If you are using oil, liquefied petroleum gas (LPG), or electric heating, moving to a heat pump may reduce your energy bills.
The government has set a goal of installing 600,000 heat pumps annually by 2028. Sure, the initial spending on this technology is quite spectacular, but if you’re in a financial position, there are some incentives to adopt this technology. The government recently announced a 0% VAT on the installation of heat pumps and biomass boilers. This will last for 5 years.
Here at UK Electronics, we want to drive innovation in the UK, and the innovations in this area are very interesting. Do you think you missed a company that helps technology reduce domestic energy costs? Please let us know on the social channel.
https://www.ukelectronics.co.uk/the-uk-technology-reducing-domestic-energy-costs/ UK technology to reduce domestic energy costs