Dec 30, 2022
Otovo is Europe’s leading online residential solar marketplace and has assessed over 4 million homes across Europe. They’re currently active in 13 markets, serving 90% of Europe’s population.
Andreas Thorsheim, its founder and CEO, joins me on today's episode of Tech Talks Daily. I learn more about how Otovo uses proprietary technology to connect customers to local, vetted installers, making the process of adopting solar at home as smooth and seamless as possible.
We discuss how the online marketplace takes a customer's address and then automatically calculates the size, shape, and specification of suitable rooftop solar products. Using satellites, Otovo also calculates exactly how much sun is shining on a roof and how much energy can then be produced from it. It then runs an automated, 'real time' auction between local solar installers to find the cheapest price for the work required.
As a pioneer in solar, Otovo is already the market leader in their native Norway, where they've managed to cut the price of solar in half over the past 5 years alone. They've helped over 10,000 households in Europe transition to domestic solar power already, operating at a pace of 9,000 installations per year.