- Climote is one of 12 international start-ups chosen for ESB-backed programme
- Dublin to host international companies and European investors for 'PitchFest' competition in June
27 April 2017
Climote, the Dundalk-based home heating control specialist, has been selected as one of only 12 international companies to participate in the world’s first accelerator programme that connects energy start-ups with global utilities.
As part of its selection in the prestigious Free Electrons accelerator programme, Climote will now have the opportunity to work with leading global energy utilities, including ESB, to refine and test its products in international markets with the potential to reach 73 million customers located in 40 countries.
More than 450 energy start-ups from 51 countries applied to be part of this programme which is aimed at driving the next generation of ideas in clean energy, energy efficiency, electric mobility and on-demand customer services.
ESB is one of eight international energy utilities supporting this initiative and will host the selected companies and European investors for a special ‘PitchFest’ competition in June. Climote and the 11 other selected start-ups will also participate in three week-long ‘customer adoption’ modules in Silicon Valley, Lisbon and Singapore over a six month period.
Paul Mulvaney, Executive Director of Innovation at ESB, said:
“ESB is focused on developing new energy-efficient and renewable solutions for the customer. For instance, through our innovation hub, X_Site at Dogpatch Labs, we continue to explore radical and disruptive ideas in the energy space.
“We are delighted to support and host the selected companies and European investors for the Dublin module in June. It is a win-win situation whereby the start-ups benefit from access to new markets while ESB and the other utilities have the opportunity to trial and market new services to their customer base.”
The 12 start-ups selected for the programme have already received a combined total of over €53 million in funding and generated €22 million in revenue.
Other shortlisted companies include Israeli start-up Driivz who works with ESB as platform operator on its ecar charge point management system. This partnership, in turn, has allowed ecars to monitor the availability of the charge point network and to remotely operate charge point units in the fields, as well as the ability to carry out fault diagnoses and repair.
ESB operates right across the electricity market: from generation, through transmission and distribution to the supply of customers with an expanding presence in the Great Britain generation market. In addition we extract further value through supplying gas and using our networks to carry fibre for telecommunications. ESB is the owner of the distribution and transmission networks in the Republic of Ireland and Northern Ireland. It has a 47% share of generation in the all-island market and a 37% share of electricity supply in the all-island market with 1.4 million customer accounts.
ESB contributes over €2billion annually to the Irish economy through dividends, investments, taxes and jobs. ESB provides significant employment both directly, with 7,600 employees, and indirectly through contractors and service providers. Read more here.
About Free Electrons
Free Electrons is the global energy startup accelerator program that connects the world’s most promising start-ups with leading utility companies.
Free Electrons is backed by an international alliance of utilities and accelerators: AusNet Services, Dubai Electricity and Water Authority (DEWA), ESB (Electricity Supply Board), EDP (Energias de Portugal), innogy, Origin Energy, Singapore Power (SP) and Tokyo Electric Power Company (TEPCO), with the support of accelerator partners, New Energy Nexus, swissnex San Francisco, Energy Excelerator, Powerhouse and Beta-i.