The grid case: Reservoir’s units learn usage patterns and warm up when prices are cheap, turning each tank into distributed thermal storage. The company could eventually aggregate these gizmos to participate in utility DR programs.
The consumer hook: The device’s heat pump runs nearly 4X more efficiently than electric resistance, and 5X more than gas.
Where it stands: About 100 units have been deployed in the Boston area. The seed round targets 1K installs by the end of next year.
Wed, Aug 12
Molly Glick
Energy Central Team
NEWS: The newest grid asset? Water heaters, according to Boston startup Reservoir, which recently raised $8M for its next-gen appliances.
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