Reservoir, a company focused on energy efficiency, has raised $8 million to develop and deploy its innovative water heater. The device aims to improve upon traditional models by predicting hot water demand, storing energy, and proactively identifying plumbing leaks.
The funding will support Reservoir’s efforts to create water heaters that are appealing both to consumers and the electrical grid. According to TechCrunch, the company has built an “ultra-efficient” water heater capable of anticipating when hot water will be needed. This allows it to store energy during off-peak hours, reducing strain on the grid and potentially lowering costs for homeowners.
Beyond efficiency, Reservoir’s technology also incorporates leak detection capabilities throughout a home's plumbing system. This feature provides an added layer of protection against water damage, which can be costly to repair. The company believes this combination of features will make its product stand out in the market and address key pain points for both consumers and utility companies.
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