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TEGnology
Rethinking the power supply of future IoT devices - without batteries or cables.
- Cleantech, IoT
- Seed
Location
Denmark
Revenue size
€100,000 - 499,999
Year founded
2010
Funding raised
EUR 2 million
Founder
Hao Yin
Most relevant investors
H2020, HorizonEurope, EUDP, IFD, Eureka, M-ear.net, GreenUp Accelerator
Team size
1-9
Problem
IoT devices must finely balance data quality/quantity and battery lifetime, especially in hard-to-reach applications. Furthermore, the cost of ownership of IoT solutions increases due to the manpower and maintenance required.
SOLUTION
TEGnology has developed a device that converts the heat difference between a machine or pipe and its environment into a regulated voltage relevant for most available Industrial IoT devices. Having no moving parts and a delicate design, the device can endure decades worth of vibrations, moisture, explosive gasses and machine cleaning processes.
Harvesting additional energy to IoT solutions not only reduces the need for batteries and external power sources, but also enables better data generation and transmission, and provides a basis for adding new functionalities to existing devices, e.g. edge computing, that reduces redundancy and occupation of bandwidth of the Cloud. The technology is also adapted for wearable devices.
KEY CUSTOMERS AND INTERNATIONAL PRESENCE
TEGnology has a strong foothold in the Nordic region, and serves large corporations like Alfa Laval, Grundfos, Novo Nordisk and Kamstrup.
Team
The team has a strong technical background with several inhouse engineers specializing in energy harvesting and electronic design. TEGnology founder and CEO, Hao Yin, is an engineer and business developer.
Unique selling point
TEGnology provides a sustainable power supply solution for future IoT - without batteries or cables. Their smart energy harvesting solution provides insights to manufacture processes for energy optimization and emission reduction. All their products use environmentally-friendly materials.
Asia Connection
The founder, Hao Yin, is originally from China. They are looking into potential collaboration partners with top Chinese universities. The company has an established supply-chain in China. A test pilot with a Japanese corporation is about to start. They are looking for: Distribution partners, clients, funding, acquisition, talent, R&D and new ideas.
Pitch
