tado° Secures €30 Million Funding from Panasonic for Green Energy Solutions

tado°, a European leader in home energy management solutions, has secured a €30 million investment from Panasonic Corporation. This announcement was made at the ISH in Frankfurt, a year after a new partnership agreement was signed between the two companies. The funding will support tado° in advancing its green energy transition with solutions like smart thermostats, heat pump optimizers, and dynamic energy tariffs. Serving nearly one million homes across Europe, tado° aims to reduce energy consumption and costs for households. The partnership builds on Panasonic's state-of-the-art heat pump technology and tado°'s energy management services, offering tailor-made software for Panasonic's AQUAREA heat pumps. This collaboration aims to optimize energy consumption by shifting electricity demand to when renewable energy is available and costs are lower. Company leaders from both tado° and Panasonic expressed enthusiasm about their alignment in mission and potential to drive sustainable living.