WattShift aggregates complex utility data, including tariffs, wholesale markets, and carbon intensity, into a unified, actionable behind-the-meter price signal. This signal intelligently guides the scheduling of Distributed Energy Resources (DERs) like solar, batteries, and EVs to minimize operational costs. The platform provides detailed impact modeling to quantify savings in dollars, cents, and CO2e for optimized energy usage and grid service revenue.
Funding
$130K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Residential energy consumption often peaks during periods of high demand, leading to increased electricity costs and reliance on fossil fuels. Traditional thermostat settings lack the intelligence to optimize energy usage based on real-time grid conditions and renewable energy availability.
Solution
WattShift is a smart thermostat integration platform that optimizes residential energy consumption by proactively adjusting thermostat settings based on grid conditions and renewable energy generation. The platform connects to existing smart thermostats and learns user temperature preferences to pre-cool homes during periods when renewable energy is abundant and electricity prices are low. By shifting energy consumption away from peak demand times, WattShift reduces reliance on fossil fuels, lowers electricity costs for users, and contributes to a more sustainable energy grid. Users can track their savings and environmental impact through the WattShift app.
Target Audience
WattShift targets homeowners and renters with existing smart thermostats who are looking to reduce their energy bills and environmental footprint.
Features
- Smart thermostat integration with existing devices
- Utility rate synchronization to optimize energy usage based on real-time pricing
- User-defined temperature preferences for personalized comfort
- Automated pre-cooling during periods of high renewable energy generation and low electricity prices
- Savings tracking to monitor cost reductions and environmental impact