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Energy acquires Tico energy to achieve energy transition goals


Tico energy

The French-French Electric Company, England, has acquired a smart home based energy management solutions based on Switzerland as part of its efforts to achieve its decentralization and digitization goals

Engie increased its investments in Tiko Energy, a start-up established in 2012 and developed a technology for automatic management of water heaters, heat pumps, solar panels, batteries and electrical outlets.

Tiko's solution provides users with a custom dashboard that centralizes all energy consumption data of electrical appliances to enable them to control the basis for convenience and energy budget needs.

In addition to
Optimization of consumers' energy consumption, the solution to allow the virtual creation
Power stations and customers participate in the management of vibrations
Power grid.

Tiko Energy has integrated its solution with algorithms that study the status of the network and network to target home appliances to act accordingly.

Yves Le Jared,
Chief digital officer of the ENGIE Group, says: "The unique technology
Developed by Tico will allow us to create new services for our residences
Customers and move towards building decentralized energy communities. It
Effectively completes our portfolios of load balancing and storage solutions,
Which are so vital to achieving the energy transition. "

This action
Will also enable ENGIE to support Tico's strategy in international development
– The company has already sold several thousand copies of its solution
Switzerland, Germany, Austria and France.

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