tado°

tado° is a German company founded in 2011 and headquartered in Munich. It specializes in developing and manufacturing smart thermostats and energy control solutions for residential and commercial spaces. tado°'s core product offerings include the Smart Thermostat X, Smart Radiator Thermostat X, Heat Pump Optimizer X, Wireless Temperature Sensor X, and Bridge X. These smart devices can be integrated with heating, ventilation, and air conditioning (HVAC) systems, enabling remote control, monitoring, and optimization of energy consumption via mobile applications and machine learning algorithms.

tado°'s smart thermostats can connect various indoor heating and cooling units, such as radiators, to the internet, allowing users to remotely adjust temperatures, monitor usage patterns, and operate the equipment efficiently based on weather forecasts and user behavior. The company's solutions aim to reduce energy costs and promote energy conservation by encouraging the use of renewable energy sources during off-peak hours through dynamic tariff systems. In May 2023, tado° became the first Japanese manufacturer to release products adopting natural refrigerants for its air-to-water (A2W) heat pumps, further enhancing its environmental-friendly offerings.

In January 2022, tado° acquired Austrian startup aWATTar, specializing in time-of-use energy management and load shifting, to bolster its product capabilities. The company plans to launch a dedicated product line for rental homes managed by real estate companies in 2023, expanding its market reach. tado° experienced a doubling of smart thermostat sales in 2022, with its products installed in 3 million European homes and commercial spaces.

Key customers and partnerships

In March 2024, tado° entered into a business alliance with Panasonic Corporation's Heating & Ventilation A/C Company. Through this partnership, the two companies will collaborate on developing software for Panasonic's A2W heat pumps and offer joint solutions combining Panasonic's A2W systems and tado°'s energy control services. The alliance aims to enhance the efficiency of A2W operations, assist customers in reducing energy costs, and promote decarbonization. Panasonic plans to launch these joint offerings in Germany and Italy by the end of 2024.