In initial tests, SmartGrids for the Home (a Wireframe, LLC product) has shown reduced energy usage by up to 40% in a single-family home. Simply by using the user-friendly mobile app and corresponding equipment, homeowners are realizing unparalleled energy savings. This will pave the way for new, sophisticated green technology that will revolutionize the way new homes are built. Home builders using this technology will have a competitive edge by providing homes with substantial reduced operational costs.
A recent survey by Better Homes & Gardens Real Estate shows that 77 percent of Gen X & Gen Y home buyers want their homes “equipped with the technological capabilities they have grown accustomed to.”
SmartGrids for the home app
SmartGrids for the Home expects an early to mid 2015 release date. The company has received $500K in angel investments and is currently valued at over $1.9M.Valuable patents are now pending for SmartGrids technology.
Annual utility spending on smart grid as a service (SGaaS) technology will grow from $1.7B in 2014 to $11.2B in 2023, totaling $57.6 billion over that period, according to NavigantResearch. “Smart grid as a service solutions are a small part of the market today, but they have substantial growth potential,” says Richelle Elberg, Senior Research Analyst with NavigantResearch.
Analysts forecast the global renewable energy market to grow at a CAGR of 13.99% from 2014 to 2018. One of the key factors contributing to this market growth is the increased adoption of decentralized power generation. The government market has also been witnessing the increase in construction of smart grids. However, the comparative low generation capacity could pose a challenge to market growth.
SmartGrids for the Home also has a technology roadmap that includes cost-effective onsite energy generation to achieve (within four years) as much as 60% energy efficient homes. Cuttingedge green technology like this will give productslike Google's NEST a serious run for their money.
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