RESERVOIR LANDS $8M FOR SMART WATER HEATERS

The water heater combines three functions: it forecasts when households need hot water, stores thermal energy for later use, and monitors plumbing systems to identify leaks early. Utility companies increasingly seek controllable loads to balance grid demand as renewable energy adoption grows. Traditional water heaters consume significant electricity at peak hours, making them targets for grid management programs. Reservoir's approach addresses both sides: homeowners gain efficiency and leak detection, while utilities gain a flexible load they can manage remotely during peak demand periods. The company joins a growing number of startups targeting smart home infrastructure that serves dual purposes. Water heating accounts for roughly 20% of residential energy use in the U.S., creating substantial efficiency gains if systems can shift consumption patterns. The funding will support manufacturing and market expansion.