About this organization
Organization Name: Renew Home
Organization Solution and Services
-
Grid Management Solutions, Energy Management Systems (EMS)
- Energy Provider/Utility
Organization Types:
- Organization Size: Revenue under 10M
- Organization Years In business: 0-5 Years
Revenue: $5 Million
Organization Information : Founded in 2023, Renew Home is building a home energy management platform that can help millions of homes save and shift their energy use with smart devices, starting with Nest thermostats. β By coordinating nuanced, increasingly personalized adjustments, we created a virtual power plant that will deliver gigawatts of capacity for a more reliable, cleaner energy grid. A win-win for everybody. The United States will need an additional 200 GW of capacity by 2030, of which 160 GW could be powered by VPPs.1 Can't picture 160 GW? That equals the total summer peak capacity of California, New York, and Georgia, combined.2 β βThis problem affects everybody, from energy providers who need to meet demand, to people who pay the energy bills.
Other Information: Founded in 2023, Renew Home emerged from the 2024 merger of Nest Renew and OhmConnect, aiming to revolutionize home energy management. The company offers a platform that integrates with smart devices, notably Nest thermostats, to optimize energy consumption by shifting usage to periods when energy is cleaner and more affordable. This approach not only reduces electricity bills but also contributes to a more sustainable grid. Key features include the Energy Shift function, which automates energy usage adjustments, and upcoming Reward Shifts, providing incentives for users to participate in grid stress alleviation. Renew Home's mission is to empower households to effortlessly achieve energy efficiency and sustainability through intelligent automation.