Ohmconnect sells energy to the electrical grid during times of peak demand by combining energy reductions from residential homes. A home that usually consumes 5kW but reduces their energy demand to 3kW can sell the reductions of 2kW back into the energy grid during a “demand response” event. Ohmconnect aggregates these reductions in order to sell into the energy markets (the same energy markets where utilities purchase energy). Our competitors rely on additional hardware to sell demand response to utilities, but ohmconnect uses statistics from existing home’s smart meter when selling demand response to the energy markets.
Users are provided with a mint.com-like visualization of where their energy goes and where their energy comes from. Ohmconnect informs consumers when to save and how much they can save. If they participate, they receive payments from the energy market for reducing their consumption during peak demand. Each user can save hundreds of dollars per year.