Shelly Group Sees Rising Demand for Smart Cooling Amid Heatwaves

As summer heatwaves become more frequent and intense, Shelly Group SE (Ticker SLYG / ISIN: BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, expects intelligent energy management and building automation to grow in importance. Traditionally, smart home technologies focused on optimizing heating, but the intelligent control of cooling, shading, and ventilation, combined with efficient energy management, is now critical. According to the European Commission, buildings account for around 40% of EU energy consumption, with heating, cooling, and hot water using about 80% of residential energy. The International Energy Agency (IEA) identifies space cooling as one of the fastest-growing energy uses globally, driven by rising temperatures.

Shelly Group’s solutions address this trend with products like the Gen4 Series smart relays, the Shelly Pro energy meters for real-time monitoring, and temperature/humidity sensors for demand-driven cooling and shading control. These integrate deeply with energy management platforms from leading photovoltaic and battery storage providers, enabling automatic operation of air conditioning and shading when excess solar power is available. This increases self-consumption and efficiency while enhancing comfort. Wolfgang Kirsch, Co-CEO, notes that buildings must now manage energy intelligently and automatically based on demand. The combination of photovoltaics, storage, and automation offers new opportunities to maximize renewable energy use, reduce costs, and improve comfort. Shelly’s open ecosystem supports this in both residential and professional settings.

Shelly Group sees the structural trend toward intelligent, energy-efficient, and connected buildings as a key long-term growth driver. The company serves DIY users, professional installers, and commercial applications with solutions for lighting, shading, heating, and cooling automation. Retrofitting existing buildings offers significant potential for energy efficiency, comfort, and sustainability. Shelly Group is listed on the Bulgarian Stock Exchange and Frankfurt’s Prime Standard, included in the SDAX. For more details, view the original release on NEWMEDIAWIRE.