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There Corporation

Early Stage Startup





Tagline

Energy efficiency solutions and residential demand response management



Elevator Pitch

The solutions provided by There Corporation makes the end-consumer and active part of the electricity system and demand response and supports energy companies' transformation from commodity provider to service provider. Our solutions are currently sold by energy companies in Finland.

By installing our smart solutions into homes the consumer can automatically control and adjust the heating in real time. At the same time the consumers achieves savings by heating their homes during the cheapest times of the day and only according to their needs.

Our solutions suites homes heated by electricity and also district heating thus creating an excellent platform for broader use of smart technology and provision of more services in the future.

With the help of There’s solutions homes can be controlled in real-time.
In Finland for example a 1 degree drop in temperature raises electricity demand by roughly 150 MW, with demand side management electricity demand can be anticipated and evened out.

For example homes with our solutions can have heating adjusted automatically during a period of high demand without effect on the comfort. In this way using the most expensive and most polluting forms of electricity generation can be avoided.

A wide scale demand response also allows cost efficient construction of renewable energy sources. In addition it can even eliminate the need to construct new expensive peak load power plants and reduce the need for network infrastructure investments.

There is a great potential in consumers and in optimizing their electricity consumption in a smart way when a growing number of consumers become interested in their electricity usage and begin to take advantage of hourly pricing and smart technologies. With our smart services the consumer can be able to see and understand the real advantages of demand response not only for the consumer but also for the community and for the environment.

Product

There Corporation's core business is offering innovative solutions within energy management and demand response.

Our solutions provides demand side management, energy management and integration software and service components. Our developed software is run in our cloud-based platform and in remotely accessible HEM gateways.

Controlling of energy consumption is done using gateway and devices, which are retro-fi and can be installed into existing heating/cooling systems or home appliances.

One of our core activities is development of optimization algorithms that uses dynamic inputs (e.g.weather data, day-ahead prices and house activity).

We have solutions for homes heated with electricity and district heating and also multifuel for example oil/electricity. All these solutions are commercially available and sold by a.o. energy companies.

Our solutions provides payback on initial investment from savings in heating costs and aggregation of customer's enables residential demand response capabilities for utilities.


Why we are ecofriendly

With our solutions residential electricity demand can be adjusted automatically during a period of high demand and thus using the most expensive and most polluting forms of electricity or district heating generation can be avoided.

Our solutions makes a wide scale demand response possible and allows cost efficient construction of renewable energy sources. In addition residential demand response can eliminate the need to construct new expensive peak load power plants and reduce the need for network infrastructure investments.

With our services and solutions the consumer can become an active part of the electricity system and be able to see and understand the real advantages of demand response for the community and for the environment.

Latest News

A biref youtube video that sums up the large picture of our business idea: www.youtube.com/watch?v=nCN...

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Version History

2015-04-24 11:06:33 - changed latestnews to 'A biref youtube video that sums up the large picture of our business idea: https://www.youtube.com/watch?v=nCN90QgHQes '

2015-04-24 11:06:04 - changed latestnews to 'https://www.youtube.com/watch?v=nCN90QgHQes '

2015-04-24 06:49:26 - changed capitalraised to ''

2015-04-24 06:49:25 - changed grantsraised to ''

2015-04-24 06:43:50 - changed headquarter to 'Vaasa, Finland'



Website


Revenues

2014:
700000€

Fundraising

1 m€



Employees

15

Investors

VNT Management
Key personnel
Private equity

Customers

Among others: Fortum, Helen (Helsinki Energia), Anvia, Mälarenergi






Country of Origin

Finland

Founded

2009



Team


Contact Person

Chairman of the board: Kaj Rönnlund
CFO: Kim Nurmi-Aro

firstname.lastname@therecorporation.com

Headquarter

Vaasa, Finland