Zen Ecosystems has developed intelligent energy management solutions that could save Australian businesses up to 25 per cent on their energy costs. The company is increasing deployment of its innovative Zen HQ and Zen Thermostat products in Australia, drawing on finance from the Clean Energy Innovation Fund.
Retailers, hotels and motels, schools, universities, car dealerships and fast food outlets are among businesses that could save on energy costs using the Zen technology.
Traditionally, energy usage has been controlled by building management systems, which are usually only cost effective for large or industrial-use buildings. The Zen technology is designed for smaller footprint businesses as a low cost, easy-to-use cloud platform for managing energy-intensive assets across single and multiple sites, simply by checking in on a desktop or phone.
Zen Ecosystems’ US experience has demonstrated the potential of its technologies to save businesses thousands of dollars in energy costs and to realise investment payback in less than a year.
The technology also opens the way for individual users to participate in demand response initiatives, contributing to the continued stability and reliability of the energy system.
Zen Ecosystems was recently named one of the Fast Company World’s Most Innovative Companies in the energy industry, highlighting its ability to help businesses more intelligently manage their HVAC and lighting systems to reduce energy consumption.
The CEFC, through the Clean Energy Innovation Fund, made a cornerstone equity investment in Zen Ecosystems as part of its 2018 series B capital raising. The CEFC has invested more than $5.5m to further develop and deploy the Zen HQ and Zen Thermostat products in Australia and internationally.
Learn more about the Innovation Fund