Fuel Poverty and Climate Change. Tens of millions of homes in the UK were built with low energy standards. Homeowners struggle with cold, uncomfortable draughts and high energy bills. However, once energy efficiency interventions are implemented, the lack of ventilation can cause damp or condensation problems. AirEx provides a low-cost, non-disruptive retrofit energy efficiency solution that has immediate impact and quick payback.
Overview of start-up
Airex is an Internet of Things (IoT) enabled smart ventilation control that helps reducing heat demand while managing air quality in homes. Sensors measure temperature, humidity and air quality. Smart algorithms enable automatic air flow regulation, while taking into account local weather and air quality data. AirEx opens to reduce underfloor humidity, and closes to reduce heat loss and improve comfort, all without compromising on air quality in the home.
How the start-up has been designed to scale-up quickly
The AirEx product provides a short payback, easy to install solution that can disrupt the retrofit energy efficiency market. Only a year after its launch 1,600 units have been sold commercially. AirEx achieved the UK’s first Ofgem approval under the ECO (Energy Company Obligation) scheme, as such, subsidy from energy companies is available to fund the installation of the product in fuel poor households. In addition, the product is currently going through a SAP recognition process with the BRE – successful completion will create additional customer demand. Airex is suitable for approximately 18 million homes in the UK and further 50 million homes in Europe.