OhmConnect’s Post

🚀 Google Nest Renew is spinning out from Google and merging with OhmConnect. The new venture, Renew Home, is receiving a $100M investment from Sidewalk Infrastructure Partners (SIP), OhmConnect's existing investor. “Renew Home will optimize the way households across the country consume energy and interact with the electrical grid, strategically aligning their energy consumption to reduce their energy bills while reducing pressure on the grid, particularly during moments of peak stress and times when clean energy is less readily available. This is critical: by mitigating the intermittency of renewable energy, Renew Home — and the broader virtual power plant (VPP) industry — will be instrumental in allowing us to bring more renewable energy onto the grid.” - Jonathan Winer, Co-founder and Co-CEO at Sidewalk Infrastructure Partners Read the full announcement and learn about how this move aligns with Google and SIP's long-term strategy in the article below. 👇 #realestate #PropTech #vpp #cleanenergy #greenbuilding ---- 💡 Follow PropTech Connect for daily Real Estate news and insights.

The most interesting thing in tech: a cool new way to reduce energy demand. A company called Ohm Connect works as a power supplier not by creating electricity and selling to the grid but by working with a network of customers to reduce demand when energy is expensive or dirty. When prices go up, for example, they dim your lights via your smart home devices. It’s a cool idea, particularly in areas that rely on solar and wind where energy supply can be hugely variable. #mostinterestingthingintech

The U.S. Department of Energy (DOE)’s Virtual Power Plant Commercial Liftoff report released in September 2023 makes a strong call for expanding the deployment of Virtual Power Plants (VPPs). Our partnership with OhmConnect, incorporating our real-time energy experience and device-level data into their platform, created a VPP, enabling customers to earn rewards for reducing their home electricity use when the grid is stressed. Learn more in our latest blog: https://bit.ly/46IR7QB. #VPP #Sustainability