How Will Smart Technology Survive?
Smart technology companies focus on helping businesses and people reduce their energy spend. But if the climate heats up and we spend less on heating bills, will this put an end to smart start-ups?
Most smart energy start-ups such as Nest and Tado, work off the fact that people want to reduce their energy bills and want to be able to use energy conveniently. But as the effects of climate change start to materialise, and heating bills reduce, will this make investing in this technology just unsustainable?
The answer is not as easy as you would expect. While a warming planet would lead to reduced heating bills, it will also lead to increased cooling bills and expensive retrofits as once passively cooled buildings require the expensive installation of air-conditioning/cooling equipment. Smarter control systems can only be a good thing, turning off heating (or cooling) when you are away on holidays etc, and allowing easy boosting of hot water for that extra shower that hadn't been planned for.
Also, it is expected climate change will lead to more severe weather events, which may lead to more disruption to energy grids such as electricity black outs or gas shut offs. Having a smart home that can avoid these disruptions is something customers will always want more of.
So, yes, a warmer climate may reduce heating energy use, but it will also lead to other energy uses we have only begun to understand.