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CEFC Funds Zen Ecosystems Smart Thermostat Growth (Funding)
Zen Ecosystems,Clean Energy Finance
Date: 2018-04-30
A company that has developed a "smart thermostat" to allow businesses and homes to remotely control and reduce their energy consumption has received a In the Land Down Under, Zen Ecosystems -- which has developed intelligent energy management solutions that could save Australian businesses as much as 25 pct on their energy consumption -- reports receipt of $5 million (AUS) in equity funding from the Clean Energy Finance Corporation's (CEFC) innovation fund. The funds will be used to help the company expand their product roll-out in Australia and the US where they have already gained a foothold.

Zen Eco Systems' two main products are Zen Thermostat that allows homes to remotely control and reduce their energy consumption, and the Zen HQ, a low-cost cloud-based platform for smaller businesses trying to manage energy-intensive assets across single and multiple sites.

Zen Eco Systems is one of 10 companies working on a demand response trail with the Australian Energy Market Operator and Australian Renewable Energy Agency. As part of the project, Zen Ecosystems will deploy a network of connected, smart thermostats in commercial buildings and households in Victoria and South Australia. The network can then be controlled to reduce energy consumption when called upon by AEMO. (Source: Zen Ecosystems, Financial Review, 29 April, 2018) Contact: Zen Ecosystems, James McPhail, CEO, info@zenecosystems.com, www.zenecosystems.com; Clean Energy Finance, info@cefc.com.au; www.cefc.com.au

More Low-Carbon Energy News Zen Ecosystems,  Smart Thermostat,  Clean Energy Finance,  

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