Heatio, a Liverpool-based clean tech specialist, has partnered with E.ON and Energy Systems Catapult to provide its Energy as a Service solution (EaaS), which it notes is ‘the UK’s first’ home subscription product that unlocks energy savings through low carbon technologies.
As part of the Green Home Finance Accelerator (GHFA), it’s suggested that the initiative will ‘eliminate’ upfront costs for consumers considering heat pumps, solar PV or battery storage via a 20-year subscription service, with monthly payments expected to be around £150 per month. The solution will also integrate a bespoke E.ON Next energy tariff, further reducing home energy costs by up to £70 per month.
Around 350 households in the North West of England will be given the first opportunity for the new service agreement when it is launched in the spring, a statement said.
As a core component of the service, Heatio said that its Flexx Home Energy Management Solution will implement a data-driven approach to specify energy-efficient technologies tailored to individual households based on their actual energy usage and property type.
Thomas Farquhar, co-founder of Heatio, said: “This initiative isn’t just a benefit to the environment, it’s a huge benefit for households and consumers. Embracing clean energy unlocks lower energy bills, promotes cleaner energy usage, and ensures homes are both warm and environmentally friendly. Energy as a Service is the first home subscription that actually unlocks energy savings, the netflix of low carbon technologies.
“Our aim, working with E.ON and Energy Systems Catapult, to advance things forward in helping the public get access to greener technology is necessary if we are to truly transition away from fossil fuels. This is a fantastic opportunity to take a data-driven approach with Heatio Flexx, which will offer accurate specifications to deliver consumer confidence, incentivising homeowners to improve the energy efficiency of their homes and deliver energy security.”
The GHFA was launched by the Department for Energy Security & Net Zero through its Net Zero Innovation Portfolio (NZIP). The GHFA was established to fund green finance products, promoting the uptake of home energy efficiency and low-carbon heating measures.
Chris Norbury, E.ON UK chief executive, added: “Bundling the technology along with service is commonplace for the many millions of people around the UK who have a mobile phone contract. We’re bringing the same flexibility to energy customers so they can benefit from the transition to cleaner and greener homes without the need to find the upfront finance.
“This is a game-changer for home heating and makes sustainable energy more affordable in the first place, while lowering bills in the longer term and helping transform the energy system.”