Jordan Brompton, Co-Founder and CMO of myenergi explains what eco-smart technology is, how it works, and where it fits in
In today’s rapidly-evolving electrical marketplace, keeping up with technological trends and process innovations is essential to staying competitive. For example, there’s a rapidly growing shift toward devices and services that provide consumers with greener, more cost-effective alternatives to traditional energy solutions.
One major technological trend we’ve been witnessing for the past few years is the boom of domestic solar PV. According to data from the Microgeneration Certification Scheme (MCS), last year was a record-breaking year for small-scale renewables, with more than 1.4 million UK homes now fitted with solar panels.
Alongside solar, the popularity of heat pumps has also grown significantly. These technologies work well in tandem because, combined, they allow users to harness the power of self-generated energy to regulate indoor temperatures without a heavy reliance on electricity from the grid. And this fact is not lost on today’s homeowners: 30,000 heat pump units were installed in the first half of 2024 alone, marking a staggering 45% increase from the same period the previous year.
Energy storage solutions, which afford consumers more flexibility on when and how they use their self-generated energy, whether for heating, water, powering appliances or even charging an electric vehicle (EV), are also on the rise. Following a similar trend to solar and heat pumps, last year was a record-breaking year for domestic renewable energy installations in the UK, with upwards of 220,000 systems fitted and connected – more than any other year on record.
With the growing popularity of home energy generation, storage and efficient consumption, homeowners are increasingly seeking ways to integrate these devices and create home ecosystems that become greater than the sum of their individual parts.
Enter the age of eco-smart technology…
What does ‘eco-smart’ mean?
While solar panels, heat pumps and energy storage are becoming increasingly popular installs, technologies that boost efficiencies and speed up returns on investment are also beginning to enter the mainstream.
An ‘eco-smart’ device is one which facilitates interconnectivity between multiple technologies. For example, a savvy homeowner may want to monitor and adjust the amount of self-generated electricity that’s used to heat their water tank, versus how much charges their car. They may, for instance, opt to prioritise fully charging their EV ahead of a long journey, or decide to heat their water in preparation for a chilly evening. Perhaps they want to take best advantage of agile energy tariffs by only drawing power from the grid when it’s the cheapest, only using their stored, self-generated electricity when the prices are high?
Eco-smart technology gives homeowners a tighter grip of how much energy they use, how they use it, and when. It literally puts the power in the hands of the consumer. By greatly increasing efficiency of self-generation, it allows users to save energy, reduce their carbon footprint and, most importantly, minimise their energy costs.
Achieving the competitive advantage with eco-smart
Investing in self-consumption technology is a growing trend amongst a new age of savvy homeowners who are becoming more eco-conscious and sustainably-minded than ever before. By harnessing the power of eco-smart technology, users can effectively alleviate the peaks and troughs of renewable energy generation, maximise self-consumption and reduce reliance on energy from the grid.
For electrical installers navigating an evolving technological landscape and an increasingly competitive marketplace, looking towards the latest eco-smart innovations is a clear priority. Not only will it allow installers to add greater value to their existing service offering, but will help attract a new segment of customers increasingly looking to reduce their impact on the environment and save on energy costs.
Business leader, tech entrepreneur and sustainable investor, Jordan Brompton is the Co-Founder and CMO of myenergi – a global company in eco-smart home energy technology. Alongside forging fundamental business relationships, Jordan is responsible for driving the day-to-day corporate strategy and fuelling long-term international expansion.
Author: Jordan Brompton, Co-Founder and CMO of myenergi
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