Renew Home

About Renew Home

Renew Home is developing the largest residential virtual power plant by integrating energy-smart features into everyday devices like thermostats and water heaters, enabling households to optimize energy usage and reduce costs. This technology addresses the rising peak energy demand by allowing homes to contribute to grid stability without the need for new power infrastructure.

```xml <problem> Peak energy demand is rising, straining existing power grids and requiring costly infrastructure upgrades. Traditional methods of managing energy demand are often inefficient and rely on building new power plants, contributing to increased carbon emissions. </problem> <solution> Renew Home addresses these challenges by creating a residential virtual power plant (VPP) that aggregates energy-smart features from connected home devices, such as smart thermostats and water heaters. The platform optimizes energy usage by intelligently shifting consumption to times when energy is cheaper, cleaner, or when the grid is less stressed. This approach enables households to contribute to grid stability and reduce overall energy costs without sacrificing comfort. Renew Home's technology builds a more personalized and intuitive experience for customers, creating gigawatts of capacity at scale and delivering a cost-effective solution that uses existing infrastructure. </solution> <features> - Integration with Google Nest and other smart thermostats for automated energy management - Energy Shift feature to optimize energy usage based on grid conditions and pricing - User-friendly interface to track energy shifts and savings over time - Scalable VPP platform capable of aggregating millions of homes - Personalized energy-saving recommendations tailored to individual home profiles - Demand response capabilities to provide grid support during peak demand events </features> <target_audience> Renew Home targets both residential customers seeking to reduce energy costs and energy providers looking for scalable, cost-effective solutions to manage peak demand and enhance grid stability. </target_audience> ```

What does Renew Home do?

Renew Home is developing the largest residential virtual power plant by integrating energy-smart features into everyday devices like thermostats and water heaters, enabling households to optimize energy usage and reduce costs. This technology addresses the rising peak energy demand by allowing homes to contribute to grid stability without the need for new power infrastructure.

Where is Renew Home located?

Renew Home is based in Portland, United States.

When was Renew Home founded?

Renew Home was founded in 2024.

Who founded Renew Home?

Renew Home was founded by Ben Brown and Cisco DeVries.

  • Ben Brown - CEO
  • Cisco DeVries - Co-Founder
Location
Portland, United States
Founded
2024
Employees
145 employees
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Renew Home

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Renew Home is developing the largest residential virtual power plant by integrating energy-smart features into everyday devices like thermostats and water heaters, enabling households to optimize energy usage and reduce costs. This technology addresses the rising peak energy demand by allowing homes to contribute to grid stability without the need for new power infrastructure.

renewhome.com5K+
Founded 2024Portland, United States

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (100+)

Ben Brown

CEO

Cisco DeVries

Co-Founder

Company Description

Problem

Peak energy demand is rising, straining existing power grids and requiring costly infrastructure upgrades. Traditional methods of managing energy demand are often inefficient and rely on building new power plants, contributing to increased carbon emissions.

Solution

Renew Home addresses these challenges by creating a residential virtual power plant (VPP) that aggregates energy-smart features from connected home devices, such as smart thermostats and water heaters. The platform optimizes energy usage by intelligently shifting consumption to times when energy is cheaper, cleaner, or when the grid is less stressed. This approach enables households to contribute to grid stability and reduce overall energy costs without sacrificing comfort. Renew Home's technology builds a more personalized and intuitive experience for customers, creating gigawatts of capacity at scale and delivering a cost-effective solution that uses existing infrastructure.

Features

Integration with Google Nest and other smart thermostats for automated energy management

Energy Shift feature to optimize energy usage based on grid conditions and pricing

User-friendly interface to track energy shifts and savings over time

Scalable VPP platform capable of aggregating millions of homes

Personalized energy-saving recommendations tailored to individual home profiles

Demand response capabilities to provide grid support during peak demand events

Target Audience

Renew Home targets both residential customers seeking to reduce energy costs and energy providers looking for scalable, cost-effective solutions to manage peak demand and enhance grid stability.