tiko energy

French multinational electric utility company ENGIE has acquired a Swiss-based smart home energy management solutions firm as part of efforts to achieve its decentralisation and digitisation goals

ENGIE has increased its investments in Tiko Energy, a startup established in 2012 and has developed a technology to automate management of water heaters, heat pumps, solar panels, batteries and electrical outlets .

The tiko solution provides users with a personalised dashboard that centralizes all appliances' energy consumption data to allow them to control based on comfort needs and energy budget.

In addition to optimising consumers' energy use, the solution enable the creation of virtual power plants and customers to participate in the management of fluctuations in the electricity network.

Tiko Energy has integrated its solution with algorithms which learn the status of the grid network and direct a home's appliances to act accordingly.

Yves Le Gélard, chief digital officer of the ENGIE Group, says: “The unique technology developed by tiko will enable us to create new services for our residential customers and move towards the building of decentralised energy communities. It effectively completes our portfolios of load-balancing and storage solutions, which are so crucial to the achievement of the energy transition.”

This operation will also enable ENGIE to support tiko’s strategy of international development - the company has already sold several thousand copies of its solution in Switzerland, Germany, Austria and France.