In the last few years "tankless" water heaters have become popular for their ability to heat and provide water on demand, with no storage required. Instead of holding water in a traditional water tank, they circulate the cold water through a series of electrically heated coils that warm the water as it moves pass this heat source. This newer process of warming water requires more expensive equipment than the conventional water heater, but this money is regained in the long term with energy efficiency savings. The energy efficiency is mainly gained from no longer needing to heat an entire tank of water. A list of tankless water heaters can be found at