Heata

Heata began as an innovation project with British Gas; how could they help people living in fuel poverty? At the time there was a lot of coverage of Bitcoin mining and the vast quantities of energy miners were using, and the vast quantities of waste heat they were generating.

Heata wondered if they could utilise that waste heat to help, so they put a miner in a barrel of mineral oil and connected it up to a radiator to demonstrate the idea.

But... Radiators are only used for part of the year.

Heata have re-engineered the system to work with domestic hot water cylinders where demand is fairly constant all year round, and switched from Bitcoin mining to general compute so it could support the decarbonisation of a rapidly growing industry.

With a minority shareholding in the business, Brookfund supported the founding team to raise capital as a part of their successful oversubscribed Seed round. More details on Heata to follow.