diff --git a/esphome/components/kmeteriso/__init__.py b/esphome/components/kmeteriso/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/esphome/components/kmeteriso/kmeteriso.cpp b/esphome/components/kmeteriso/kmeteriso.cpp
new file mode 100644
index 0000000000..0276ab3f67
--- /dev/null
+++ b/esphome/components/kmeteriso/kmeteriso.cpp
@@ -0,0 +1,82 @@
+#include "kmeteriso.h"
+#include "esphome/core/hal.h"
+#include "esphome/core/log.h"
+
+namespace esphome {
+namespace kmeteriso {
+
+static const char *const TAG = "kmeteriso.sensor";
+
+static const uint8_t KMETER_ERROR_STATUS_REG = 0x20;
+static const uint8_t KMETER_TEMP_VAL_REG = 0x00;
+static const uint8_t KMETER_INTERNAL_TEMP_VAL_REG = 0x10;
+static const uint8_t KMETER_FIRMWARE_VERSION_REG = 0xFE;
+
+void KMeterISOComponent::setup() {
+  ESP_LOGCONFIG(TAG, "Setting up KMeterISO...");
+  this->error_code_ = NONE;
+
+  // Mark as not failed before initializing. Some devices will turn off sensors to save on batteries
+  // and when they come back on, the COMPONENT_STATE_FAILED bit must be unset on the component.
+  if ((this->component_state_ & COMPONENT_STATE_MASK) == COMPONENT_STATE_FAILED) {
+    this->component_state_ &= ~COMPONENT_STATE_MASK;
+    this->component_state_ |= COMPONENT_STATE_CONSTRUCTION;
+  }
+
+  auto err = this->bus_->writev(this->address_, nullptr, 0);
+  if (err == esphome::i2c::ERROR_OK) {
+    ESP_LOGCONFIG(TAG, "Could write to the address %d.", this->address_);
+  } else {
+    ESP_LOGCONFIG(TAG, "Could not write to the address %d.", this->address_);
+    this->error_code_ = COMMUNICATION_FAILED;
+    this->mark_failed();
+    return;
+  }
+
+  uint8_t read_buf[4] = {1};
+  if (!this->read_bytes(KMETER_ERROR_STATUS_REG, read_buf, 1)) {
+    ESP_LOGCONFIG(TAG, "Could not read from the device.");
+    this->error_code_ = COMMUNICATION_FAILED;
+    this->mark_failed();
+    return;
+  }
+  if (read_buf[0] != 0) {
+    ESP_LOGCONFIG(TAG, "The device is not ready.");
+    this->error_code_ = STATUS_FAILED;
+    this->mark_failed();
+    return;
+  }
+  ESP_LOGCONFIG(TAG, "The device was successfully setup.");
+}
+
+float KMeterISOComponent::get_setup_priority() const { return setup_priority::DATA; }
+
+void KMeterISOComponent::update() {
+  uint8_t read_buf[4];
+
+  if (this->temperature_sensor_ != nullptr) {
+    if (!this->read_bytes(KMETER_TEMP_VAL_REG, read_buf, 4)) {
+      ESP_LOGW(TAG, "Error reading temperature.");
+    } else {
+      int32_t temp = encode_uint32(read_buf[3], read_buf[2], read_buf[1], read_buf[0]);
+      float temp_f = temp / 100.0;
+      ESP_LOGV(TAG, "Got temperature=%.2f °C", temp_f);
+      this->temperature_sensor_->publish_state(temp_f);
+    }
+  }
+
+  if (this->internal_temperature_sensor_ != nullptr) {
+    if (!this->read_bytes(KMETER_INTERNAL_TEMP_VAL_REG, read_buf, 4)) {
+      ESP_LOGW(TAG, "Error reading internal temperature.");
+      return;
+    } else {
+      int32_t internal_temp = encode_uint32(read_buf[3], read_buf[2], read_buf[1], read_buf[0]);
+      float internal_temp_f = internal_temp / 100.0;
+      ESP_LOGV(TAG, "Got internal temperature=%.2f °C", internal_temp_f);
+      this->internal_temperature_sensor_->publish_state(internal_temp_f);
+    }
+  }
+}
+
+}  // namespace kmeteriso
+}  // namespace esphome
diff --git a/esphome/components/kmeteriso/kmeteriso.h b/esphome/components/kmeteriso/kmeteriso.h
new file mode 100644
index 0000000000..c8bed662b0
--- /dev/null
+++ b/esphome/components/kmeteriso/kmeteriso.h
@@ -0,0 +1,34 @@
+#pragma once
+
+#include "esphome/core/component.h"
+#include "esphome/components/sensor/sensor.h"
+#include "esphome/components/i2c/i2c.h"
+#include "esphome/components/i2c/i2c_bus.h"
+
+namespace esphome {
+namespace kmeteriso {
+
+/// This class implements support for the KMeterISO thermocouple sensor.
+class KMeterISOComponent : public PollingComponent, public i2c::I2CDevice {
+ public:
+  void set_temperature_sensor(sensor::Sensor *t) { this->temperature_sensor_ = t; }
+  void set_internal_temperature_sensor(sensor::Sensor *t) { this->internal_temperature_sensor_ = t; }
+
+  // ========== INTERNAL METHODS ==========
+  // (In most use cases you won't need these)
+  void setup() override;
+  float get_setup_priority() const override;
+  void update() override;
+
+ protected:
+  sensor::Sensor *temperature_sensor_{nullptr};
+  sensor::Sensor *internal_temperature_sensor_{nullptr};
+  enum ErrorCode {
+    NONE = 0,
+    COMMUNICATION_FAILED,
+    STATUS_FAILED,
+  } error_code_{NONE};
+};
+
+}  // namespace kmeteriso
+}  // namespace esphome
diff --git a/esphome/components/kmeteriso/sensor.py b/esphome/components/kmeteriso/sensor.py
new file mode 100644
index 0000000000..e730e446ae
--- /dev/null
+++ b/esphome/components/kmeteriso/sensor.py
@@ -0,0 +1,55 @@
+import esphome.codegen as cg
+import esphome.config_validation as cv
+from esphome.components import i2c, sensor
+from esphome.const import (
+    CONF_ID,
+    CONF_TEMPERATURE,
+    DEVICE_CLASS_TEMPERATURE,
+    STATE_CLASS_MEASUREMENT,
+    UNIT_CELSIUS,
+    ENTITY_CATEGORY_DIAGNOSTIC,
+)
+
+CONF_INTERNAL_TEMPERATURE = "internal_temperature"
+DEPENDENCIES = ["i2c"]
+
+kmeteriso_ns = cg.esphome_ns.namespace("kmeteriso")
+
+KMeterISOComponent = kmeteriso_ns.class_(
+    "KMeterISOComponent", cg.PollingComponent, i2c.I2CDevice
+)
+
+CONFIG_SCHEMA = (
+    cv.Schema(
+        {
+            cv.GenerateID(): cv.declare_id(KMeterISOComponent),
+            cv.Optional(CONF_TEMPERATURE): sensor.sensor_schema(
+                unit_of_measurement=UNIT_CELSIUS,
+                accuracy_decimals=2,
+                device_class=DEVICE_CLASS_TEMPERATURE,
+                state_class=STATE_CLASS_MEASUREMENT,
+            ),
+            cv.Optional(CONF_INTERNAL_TEMPERATURE): sensor.sensor_schema(
+                unit_of_measurement=UNIT_CELSIUS,
+                device_class=DEVICE_CLASS_TEMPERATURE,
+                state_class=STATE_CLASS_MEASUREMENT,
+                entity_category=ENTITY_CATEGORY_DIAGNOSTIC,
+            ),
+        }
+    )
+    .extend(cv.polling_component_schema("60s"))
+    .extend(i2c.i2c_device_schema(0x66))
+)
+
+
+async def to_code(config):
+    var = cg.new_Pvariable(config[CONF_ID])
+    await cg.register_component(var, config)
+    await i2c.register_i2c_device(var, config)
+
+    if temperature_config := config.get(CONF_TEMPERATURE):
+        sens = await sensor.new_sensor(temperature_config)
+        cg.add(var.set_temperature_sensor(sens))
+    if internal_temperature_config := config.get(CONF_INTERNAL_TEMPERATURE):
+        sens = await sensor.new_sensor(internal_temperature_config)
+        cg.add(var.set_internal_temperature_sensor(sens))
diff --git a/tests/test1.yaml b/tests/test1.yaml
index a00b886ac1..2419634570 100644
--- a/tests/test1.yaml
+++ b/tests/test1.yaml
@@ -792,6 +792,13 @@ sensor:
         name: INA3221 Channel 1 Shunt Voltage
     update_interval: 15s
     i2c_id: i2c_bus
+  - platform: kmeteriso
+    temperature:
+      name: Outside Temperature
+    internal_temperature:
+      name: Internal Ttemperature
+    update_interval: 15s
+    i2c_id: i2c_bus
   - platform: kalman_combinator
     name: Kalman-filtered temperature
     process_std_dev: 0.00139