Cogo launches energy tool to help homes & cars cut costs

Cogo has announced the launch of a new electrification tool designed to help homeowners and car owners measure and improve the energy efficiency of their properties and vehicles.

The tool can be embedded into the online interfaces of insurers, local governments, energy retailers, and banks, allowing these organisations to offer personalised energy savings advice to their customers.

By entering details such as property address, type of fuel used for heating, and vehicle registration number, users receive individualised recommendations on how to reduce their energy and fuel bills. The product calculates potential savings using Cogo's country-specific energy model and presents personalised scenarios outlining cost versus savings over time, with a particular focus on payback periods for various upgrade options.

In addition to estimating savings, the tool provides information about available grants, subsidies, or finance options, linking customers to local, credible installers and dealers. Recommendations can include solar panels, heat pumps, electric vehicles (EVs), insulation upgrades, or new hot water systems, all accompanied by detailed cost and energy savings estimates.

Designed for multiple sectors

The electrification tool is available as a white label solution, meaning any business that interacts online with customers can integrate it into their digital experience. This expansion marks a new direction for Cogo, whose carbon management products have traditionally been adopted by banks and financial institutions. The company expects the new tool to appeal to a broader set of sectors, including energy retailers, insurers, and local governments.

Ben Gleisner, Founder of Cogo, said:

"This is an exciting day for us at Cogo, as this product is something we know the market has needed for some time. The tool is not only easy for businesses to implement, but it is also simple for their customers to use, making a sustainable home and commute much more accessible."

The tool currently launches in the UK, Australia and New Zealand - three markets chosen for their enthusiasm towards technology uptake, levels of government support for subsidies and rebates, and existing collaborations with Cogo. The company indicated that additional markets will be considered in the future.

ASB in New Zealand and Westpac in Australia have already adopted the electrification tool, integrating it into their offerings for customers. These organisations are among the first to provide such detailed, localised support for energy-efficient upgrades through a digital platform.

Supporting the energy transition

Gleisner added:

"Many sectors are struggling with the energy transition so this new tool has been designed specifically for use across multiple sectors, not just the financial industry."

The electrification tool builds on Cogo's existing suite of carbon management products, which have reportedly enabled millions of households to reduce their carbon footprint and save on costs. By providing businesses and their customers with detailed, actionable data on potential carbon and cost savings, Cogo aims to support both individual and corporate efforts towards sustainability targets.

The company plans to further develop the tool and extend its reach to additional regions influenced by government policies on energy efficiency and carbon reduction.