German startup raises €430M to create ‘virtual power plant’ for your home

Hamburg-based 1KOMMA5° is the latest startup to join the expanding club of climate tech unicorns, after bagging €430m in fresh funding.   Founded just 23 months ago, the startup’s main product is Heartbeat, an IoT device that acts as the air traffic control of your home’s energy system. The device connects your solar panels with other energy infrastructure such as energy storage, car chargers, and heat pumps, and optimises the whole system. By intelligently linking all the energy devices in the home, 1KOMMA5° aims to not just decarbonise the energy grid (and keep global warming within 1.5 °C — as…

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