The energy supplier's corporate venturing subsidiary has put an undisclosed sum into Oxford's smart water boiler spinout Mixergy.
Mixergy, a UK-based smart water boiler technology spinout of University of Oxford, obtained an undisclosed amount of funding yesterday from Centrica Innovations, the corporate venturing arm of energy supplier Centrica.
Spun out in 2015 from Oxford’s Energy and Power Group, Mixergy is working on an intelligent water boiler that relies on a combination of internet-of-things technology, analytics and sensors to help match hot water levels to the usage habits of a given household.
The technology allows the user to examine data on their heating patterns to set the boiler’s parameters for a given day. Through its internet connection, the system can receive user commands from a smartphone or computer.
Mixergy’s tank incrementally boils water from its apex, rather than heating the entire volume from the bottom, enabling water to be dispensed at a usable temperature faster than conventional boiler systems. It also utilises an inlet diffuser to…
