TechCrunch·3 min read·medium
Reservoir raises $8M to make water heaters that people — and the grid — will actually want
T
Tim De Chant
✦AI Summary
Startup Reservoir has raised $8 million to develop smart, energy-efficient water heaters that help stabilize the power grid. By predicting hot water demand, these devices can heat water when electricity prices are low, offering a more efficient alternative to traditional appliances.
It’s hard to imagine a home appliance more forgotten — yet more consequential — than the water heater. Most people only think of water heaters when their shower runs cold, but they represent about 18% of a household’s total energy budget and are one of the main causes of residential water damage.
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