About Us

ThermoVault helps electricity consumers and utilities to save money
while allowing for the integration of more renewables.

We developed a retrofit software and hardware IoT platform for electric energy services
that turns your existing water and space heaters into an
energy-saving and lucrative grid-responsive energy storage device.

After a succesful deployment in California, we now control over 1MW of storage.


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Our vision

Verified savings

Electricity bill savings up to 30% at zero comfort loss

Renewables

Maximise usage of renewables like wind and solar

Fully automated

No configuration required, plug & play on any brand of water and space heater

Insight

Appliance monitoring and monthly notifications

Team

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Sandro Iacovella

CTO & founder
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Eryk Masiak

Hacker & Energy Markets
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Davide Garufi

Business Development
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Claudio Iacovella

Project Management
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Geert Deconinck

Board of Advisors
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Ronnie Belmans

Board of Advisors
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Duncan Callaway

Board of Advisors

Features

Unlocking the most cost-effective storage technology

Vertically integrated

All-in software and hardware platform

Globally connected

Academic affiliation to KU Leuven (BE) and UC Berkeley (California), maximising the value of your flexibility

Secure

Supported by Amazon AWS, secure TL1.2 connection to our servers in Europe

Universally applicable

Compatible to any brand or type of water or space heater (resitance or heatpump based)

One-person installation

Cost-effective retrofit install by 1 technician

Self-learning algorithms

Automatically learns user bahavior and appliance parameters, resulting in increased savings and zero comfort impact

Services

Value streams we create for our customers

Energy Efficiency

EU EcoDesign verified savings


  • Water heaters: 12-28%
  • Space heaters: 10+%

Grid Balancing

R1 Balancing for TSO's


  • +1MW deployed
  • +500k messages/day

Self Consumption

Integration of renewables


  • Household: +50%
  • Community:+70%

Peak shaving

Reduce consumption peaks


  • Household: >10%
  • Community: 10-50%

Customers

Utilities

Providing a customer acquisition, engagement and retainment solution for the retail sector. Cost-effective distributed storage technology.

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Maintenance companies

Decreasing the technical maintenance costs by up to 30%, certified EU Ecodesign energy savings

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Real estate developers and owners

Decrease the investment cost while lowering the carbon footprint and reducing the heating cost of new and existing buildings

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Academia and research institutes

Providing technology and algorithms for European demonstration projects related to demand response in the residential sector

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Awards

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Netwerk Ondernemen

Laureate scale-up program

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Amazon AWS

AWS Portfolio Plus member

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CITRIS Foundry

University of California startup accelerator

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Hello Tomorrow

TOP 500 early-stage science startup (3000+ teams)

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European Utility Week

Initiate! startup hub

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IoT Convention Europe

Top 3 startup (25+ teams)

Contact

Got questions? We've got answers. Feel free to send us an email to contact@thermovault.com


EU Office


Thor Park, Poort Genk 8310, 3600 Genk, Belgium

+32 (0)485 79 14 73


US Office


450 Sutardja Dai Hall, UC Berkeley, California

+32 (0)485 79 14 73