The Viennese startup Awattar Time-variable tariffs enable consumers to shift their electricity consumption to the greenest and cheapest hours. Combined with Tado's intelligent climate management solutions, this should enable consumers to significantly reduce their energy costs.
At the same time, the optimized use of green electricity generated in this way is intended to ensure more renewable energy on the European energy market. According to Tado, the current energy system in Europe can only absorb a limited amount of renewable energy to ensure security of supply. By combining the technologies of the two startups, the goal is to intelligently manage green energy through load shifting. This will give the energy system more flexibility and ultimately increase the share of renewable energy throughout Europe.
Tado plans further acquisitions
Christian Deilmann, Co-founder and CPO of Tado says:
"The Awattar team has built a strong technological foundation. Time-variable tariffs enable algorithmic trading and billing not only for heating, but also for electric vehicle charging and photovoltaic applications. Awattar's technologies offer customers significant added value. We are excited to work with them to create a better energy future in Europe—energy that is in harmony with nature and used when the wind blows or the sun shines."
Awattar CEO Simon Schmitz explained:
"We've been big fans of Tado for a long time. Both companies share the vision of a smart and decentralized energy world. We're thrilled to be able to take Awattar to the next level through our partnership with Tado. It's amazing to see how Tado's smart thermostats can change the energy demand in our time-variable tariffs. We can't wait to further develop these technologies together for our customers."
Planning for the transition to a digital platform for energy efficiency and management the Munich Incidentally, the acquisition of additional companies in the energy sector is planned. Awattar founders Simon Schmitz (CEO) and Peter Netbal (CTO) will remain on board as managing directors of Awattar GmbH and as new Tado shareholders.
