Thanks to funds from the stimulus package and renewed attention to energy savings, 2009 is the year companies are planning to launch wireless energy dashboards that will sit in your home, monitor energy data from your electricity meter and let you know if you’re being an energy hog.
This year is particularly important to these mostly young companies, as President Obama has pledged to help utilities install 40 million more smart meters (basically digital meters that create a 2-way connection with the power grid and the utility). Smart meters installed at homes can unleash data about the fluctuating price of electricity throughout the day, enabling consumers that have energy management tools to shift energy consumption to the time of day when power is cheapest.
Founded in 2005, the Vancouver-based Energy Aware team has developed the PowerTab, a wireless energy display that collects current energy price and usage from smart meters. Demand response company Comverge distributes the device in North America, and the 2006 New Ventures BC competition finalist has raised close to $2 Million in funding from angel investors in the Pacific Northwest.