27 Jan '12, 7pm

Consert Takes Aim at Home Electricity Control, Not Home Automation: Can utilities rely on home air conditio...

Can utilities rely on home air conditioners and water heaters the same way they rely on power plants? Consert , a startup founded in 2008 and funded by about $25 million from strategic investors including General Electric , Verizon , Qualcomm and Constellation Energy , says it has the magic formula for making it happen. Now the startup has a chance to test its proposition in its new hometown of San Antonio, Texas. This summer, the company announced it was moving its headquarters there from Raleigh, N.C. to work on its biggest project yet: a partnership with municipal utility CPS Energy, aimed at enabling 250 megawatts of load shedding across 140,000 customers over the next four years. Consert’s plan is to create virtual peak plants (VPPs), made up of hundreds and thousands of homes and small businesses that turn over their thermostats, water heaters and pool pumps to utili...

Full article: http://www.greentechmedia.com/articles/read/consert-takes...

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