Major investors for
Dundalk’s climote

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Dundalk based climote received a significant boost this week with the news that both John Mullins and Ian Marchant, ex-CEOs of Bord Gáis and SSE respectively, have invested in the award winning home technology company.

Dundalk based climote received a significant boost this week with the news that both John Mullins and Ian Marchant, ex-CEOs of Bord Gáis and SSE respectively, have invested in the award winning home technology company.

Both men, who are both well-known for their expertise in the energy business, have also been appointed to the advisory board of climote.

climote, which employs 14 people, recently announced a contract with ScottishPower, building on existing partnerships with Electric Ireland (the retail arm of ESB) and Power NI.

The partnership with ScottishPower, which climote won after a global tender of home technology companies, will see climote’s patented smart thermostat technology offered to the Scottish energy giant’s 5.6 million customers in the United Kingdom.

climote’s newest investors, John Mullins and Ian Marchant have, collectively over the past ten years been responsible for providing energy to eleven million out of the twenty nine million homes in Ireland and the United Kingdom and were responsible for a combined annual turnover exceeding €30bn.

Speaking about his new investment, John Mullins said:“I have been using climote’s technology in my own home for many years now, so to be in a position where I will be part of the team driving climote forward is very exciting. Within the next few years, every home throughout Europe will be able to remotely manage their energy use and climote is well positioned to play a leading role in this industry-wide change.”

Ian Marchant, who is also joining the advisory board as well as investing in climote, has over 20 years’ experience in the energy sector, including a decade at the helm of SSE, the UK’s second largest energy company. Ian Marchant’s vast knowledge will be an incredible asset for the fast growing home technology company.

The rapidly growing climote is the brainchild of ex-Honeywell executive Eamon Conway and connected homes innovator Derek Roddy, who provide a wealth of knowledge and experience in the smart heating space.

The duo have created a patented product which enables users to control their home heating from anywhere in the world, using smart technology.

Eamon Conway, Managing Director of climote, explained, “Following on from our recent ScottishPower announcement, we are extremely pleased to welcome both Ian Marchant and John Mullins on to climote’s advisory board. Both are renowned in the energy space and their acknowledgement and investment in the company is a hallmark for the product itself, as well as validation of our wider utility partnership strategy that focuses on partnering with utility companies to bring our technology to their customers. “