Klugit Energy

Palestinian Territories
Oranit, West Bank, Palestinian Territory, 3810-488

Company profile

Klugit Energy company profile

Klugit Energy aims to deliver simple, quick and cheap demand-repose solutions to utilities and families with immediate benefits. Klugit is a smart plug that can be connected to any electric water tank, converting it into a smart one, Wi-Fi connected and smart-grid ready. Electric water heaters/tanks (EWS) waste a lot of energy in standby thermal losses (438 kWh/y for an 80L). Only in Europe there are around 28 mio EWS installed, equivalent to 12 TWh/y of wasted energy (same emissions as 2 mio cars per year). By installing Klugit and placing our sensor in external contact with hot water pipe, we use AI to learn your hot water usage routine and heat up water when you will actually need it, delivering immediate savings to families (>45 EUR/y). More importantly klugit is the cheapest and quickest way to provide “peak shaving” services for utilities, since it converts electric tanks into smart grid energy storage devices, solving one of renewable energy biggest problems.

Business identity

Contact email
[email protected]
Operating status
Active
Company type
For Profit
Employee range
1-10 employees
Revenue range
$0+
Founded
2018-11-16

Headquarters

Postal code
3810-488
Country code
PS
Continent
Asia

Capital profile

Funding and company signals

Funding stage
Seed
Funding rounds
2
Total equity funding
$949
Last funding
Seed / $949 / 2021-02-15
Last equity funding
Seed / $949
Investors
2
Lead investors
1
Founders
2

Founders and investors

Founders

Carla AntunesTiago Bandeira

Lead investors

EIT InnoEnergy

Investors

EIT InnoEnergyPortugal Ventures