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Frankfurt, Tokyo, Munich, 17 March 2025: tado°, the vendor agnostic European leader in home energy management solutions, today announced an investment of 30 million Euros by Panasonic Corporation.

The funding will help tado° continue in its mission to lead the green energy transition with its smart thermostat, heat pump optimizer, dynamic energy tariffs and software solutions that drive down consumption for households across Europe. tado° serves almost 1 million homes across Europe to reduce their energy consumption and cost.

The investment, announced at ISH in Frankfurt, comes a year after the two companies signed a new partnership agreement that combined Panasonic’s state-of-the-art heat pump products and technology with tado°’s market-leading smart heating control and energy management services. Customers have benefitted from specifically tailored heat pump management software that optimized their Panasonic AQUAREA heat pump settings automatically and shifted its electricity demand to times when renewable energy was available and prices were lower. In addition the Heat Pump Optimizer X automatically adjusts to changing outside temperatures to improve the COP coefficient and to adjust the heating curve. Customers with a photovoltaic (PV) system on their roof can benefit from self-optimization algorithms to make best use of self-produced electricity.

tado° Co-founder Christian Deilmann said: “We warmly welcome Panasonic as the newest shareholder in tado°. We are delighted to strengthen our partnership and deliver outstanding mutual propositions for our customers in Europe. We are thankful for the trust by Panasonic and are looking forward to driving the green energy transition together.”

Eiichi Katayama, President of the Heating & Ventilation A/C Company of Panasonic Corporation, said: “We are delighted to invest in tado° because working together has only increased our belief that both companies are aligned in our missions to contribute to both comfortable living and a sustainable environment on the planet.

“We believe tado° is the best partner in this aim because its solutions only strengthen the compelling proposition Panasonic AQUAREA heat pumps offer our customers.”