Energy Efficiency: Automation vs. MotivationMay 10, 2010 Posted by: Dan Baldi
Part of the value SVB brings to its clients is access to experts, potential partners, customers and investors, increasing its clients’ probability of long-term success. On April 8-9, 2010, SVB hosted its first Cleantech Leadership Summit ¬ “Crossing the Cleantech Divide” ¬ at Stanford University, hosting more than 100 cleantech insiders. The Summit was designed to bring together a select group of leaders from the venture capital, entrepreneurial, public policy, energy, academic and NGO communities with the goal of focusing attention, insight, and energy on the question of how best to promote the development of high-growth, innovative technology companies in the energy generation, energy storage and energy efficiency sectors, over the course of the coming decade.
The program featured conversations with successful cleantech entrepreneurs, customers, and energy industry executives, and facilitated small group break-out sessions in which participants interacted directly with each other to explore and develop new ideas. One of the resulting conversations is captured here:
The last year has seen a wave of investment and utility interest in home and business energy intelligence tools. Power providers and companies that supply infrastructure envision a smart grid that will provide significant improvements over the current utility distribution grid. Targeted improvements include automated meter reading, faster outage detection and repair, demand response tools to reduce energy usage during peak usage times, and load shifting capabilities to distribute power to high demand areas in real time.
Residential lighting and air conditioning usage represents an estimated 40% of energy usage during peak usage times. Reducing discretionary consumer energy usage could reduce the need to build new power plants to meet the demand for the bazillionth giga-watt on scorching Central Valley on August afternoons. Proactively reducing consumer energy usage could realistically prevent future “brown-outs” like those California experienced in the 2001-2003 era.
Is the residential/consumer utility customer ready to change the way they use electricity...Read More