<name>Meltek</name> <description>Meltek connects residential electricity customers with utility demand‑response programs, rewarding them for lowering consumption during peak‑load events. Users receive cash incentives proportional to the kilowatt‑hours they save, with no subscription fees or required hardware. The service helps utilities avoid costly peaker plants, reduces grid strain, and supports broader clean‑energy goals
Funding
Funding not disclosed
Founders
Product
Problem
During peak demand, electric utilities often activate expensive and polluting power plants to meet energy needs. Residential customers lack direct incentives to reduce electricity consumption during these critical periods, contributing to grid stress and environmental harm.
Solution
Meltek partners with utility companies to reward residential customers for reducing their electricity usage during peak demand events. By enrolling in Meltek's program, customers receive notifications about upcoming "Swarm Events" and are incentivized to lower their energy consumption by turning off appliances and reducing their usage. Meltek monitors electricity consumption through smart meters and provides rebates on customers' electricity bills based on their reduction in usage during these events, helping to reduce reliance on polluting power plants.
Target Audience
The primary target audience is residential electricity customers in New York, particularly those served by Con Edison, PSEG Long Island, and Orange & Rockland, who are interested in reducing their carbon footprint and earning rewards for energy conservation.
Features
- Notifications for upcoming "Swarm Events" via text and email
- Integration with smart meters to track individual electricity consumption
- Rebates on electricity bills based on energy reduction during peak demand
- Approved aggregator of Con Edison, PSEG Long Island, and Orange & Rockland
- Program participation does not require a smart thermostat