St. John’s-based Mysa Smart Thermostats is launching sales of its products in the European Union amid a broader push to expand and diversity its business.
The announcement comes just two months after Mysa said it had bought the intellectual property of Zen Ecosystems, with plans to incorporate the Costa Mesa, Calif. startup’s offerings into its own product line and ramp up efforts to land commercial clients.
Chief Executive Joshua Green said in a LinkedIn post Mysa has already quietly begun advertising in Europe, with promising early results.
“The rapid adoption of heat pumps and air conditioners around the world to decarbonize home heating and to keep our homes healthy is continuing to accelerate,” wrote Green. “Controlling these heat pumps and air conditioners for maximum efficiency enables them to play an even greater role in the current energy transition.”
The European expansion also comes less than a year after Mysa made a deal with Redwood City, California's Autogrid, which sells virtual power plant technology — an industry term for systems that aggregate energy from a variety of different sources and allow an electrical grid to use it as if it came from a single power plant.
The company last raised capital in 2021, when it closed a $20.3 million series B funding round led by Montreal cleantech fund Cycle Capital Management.
