May 11, 2023
Mysa, the Newfoundland & Labrador-based market leader in smart thermostats for high voltage electric heating and cooling, has announced its acquisition of the intellectual property of Zen Ecosystems, a company specializing in smart thermostats for central heating and cooling and commercial energy management solutions. Mysa’s first acquisition signals its continued growth in the energy-efficient smart thermostat and smart energy management market, and furthers its mission to lead in global electrification, reduce carbon emissions, and combat climate change.
About the Acquisition
Mysa smart thermostats help consumers save money and energy through smart control for their high voltage home heating and cooling systems. This acquisition allows Mysa to provide smart thermostat solutions to an even larger number of homes throughout North America, while expanding into commercial energy management using Zen’s established platform, ZenHQ. ZenHQ is a cloud-based service that helps small to medium-sized businesses monitor, analyze, and optimize their energy usage across multiple locations, and reduce their carbon footprint and energy costs.
“All of Zen’s products, both the line of thermostats and the ZenHQ platform, fit perfectly into the Mysa product family. This acquisition is a natural step for Mysa as we continue to accelerate the complete electrification of heating and cooling.” said Joshua Green, Mysa Co-Founder and CEO. “Building on Zen’s amazing product design for central heating and cooling systems as well as commercial energy management, we’ll be able to provide even more value to our customers and bring about a cleaner, more sustainable future.”Joshua Green, Mysa Co-Founder and CEO
With the acquisition complete, Mysa will continue to work with and support Zen’s existing ZenHQ clients.
AutoGrid Partners with Mysa to Launch Utility-Scale Virtual Power Plants Using Smart Thermostat Technology for Grid Modernization
AutoGrid announces it will launch one of several VPP projects in collaboration with Canadian manufacturer Mysa, whose line of innovative smart thermostats for electric heating and cooling systems offers robust home energy management capabilities for both consumers and utilities. The initial VPP project with a large utility partner supports a targeted demand side program to postpone the buildout of a new substation in the Pacific NorthWest.