Energy company Ovo, recipient of a £216m investment from Mitsubishi Corporation, plans to unlock the flexibility of the UK’s 1.7 million homes with electric storage heaters.
It has struck a partnership between its intelligent grid technology company Kaluza and Glen Dimplex Heating and Ventilation and will start installing smartgrid enabled storage heaters and radiators into customers homes.
Dimplex has a 90% share of the UK electric storage heating market.
Ovo said the UK’s 1.7m storage heaters could provide 12GW of flex.
Read more via The Energyst’s sister title, New Power.
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