Skip to main content

Everything old is new again as demand response comes to real estate with Blueprint Power

Real estate developers and their properties are getting an opportunity to cash in on power management and surplus energy production thanks to a new company called Blueprint Power.

It’s a new twist on an old idea dating back to the first clean tech boom based on ideas of demand response and power management.

Companies like EnerNOC and Comverge, pitched ways for manufacturers to make money by reducing power consumption during times of peak demand and getting paid for it by energy companies. In the wake of the massive blackout that hit the U.S. in the early 2000s and decades of concerns around failing energy infrastructure in the U.S., the notion of having some way to respond more flexibly to changes in demand from the grid seemed to make sense.

Now, as more residential and commercial buildings install actually renewable generation capacity and have more robust digital networks, these buildings can themselves become power generators or local points for gird power management — all in an effort to make the grid more responsive, according to a statement from Blueprint.

The company’s pitch was able to compel investors including Congruent Ventures, MetaProp Partners, Fred Wilson and Brad Burnham to throw $3.5 million to the company.

The company’s founding investors, Lennar and Fifth Wall Ventures also returned with new investors including Hanwha Energy subsidiary, 174 Power ; Urban.us, and URBAN-X (an accelerator backed by BMW and the Mini Cooper.

According to a statement from the company, the business uses by monitoring onsite demand and measuring the output from onsite renewable power assets like solar panels, any energy storage devices, waste heat product, fuel cells and load balancing or controllable load features.

Additional software to monitor pricing allows the company to dynamically pitch energy sources to the various markets that would need it.

“Until very recently, buildings were not able to proactively sell excess energy capacity in the same way that traditional power plants do,” said Robyn Beavers, the chief executive of Blueprint Power, and a former vice president of innovation at Lennar and an assistant to the founders of Google Inc. — the search engine giant that is now a subsidiary of Alphabet.  “Now in states like New York they can. We are helping buildings connect to and transact in these markets in a scalable way.”



from TechCrunch https://ift.tt/2Aq0CKX

Comments

Popular posts from this blog

Android blatantly copies the iPhone X navigation gestures

Google unveiled some of the new features in the next version of Android at its developer conference. One feature looked particularly familiar. Android P will get new navigation gestures to switch between apps. And it works just like the iPhone X.“As part of Android P, we’re introducing a new system navigation that we’ve been working on for more than a year now,” VP of Android Engineering Dave Burke said. “And the new design makes Android multitasking more approachable and easier to understand.”While Google has probably been working on a new multitasking screen for a year, it’s hard to believe that the company didn’t copy Apple. The iPhone X was unveiled in September 2017.On Android P, the traditional home, back and multitasking buttons are gone. There’s a single pill-shaped button at the center of the screen. If you swipe up from this button, you get a new multitasking view with your most recent apps. You can swipe left and right and select the app you’re looking for.If you swipe up o…

Square launches restaurant point-of-sale platform

Square, which has already made its way into retail stores and service-based businesses (think hair salons, massage therapists, etc), is officially getting into the restaurant business with the launch of Square for Restaurants. Square for Restaurants is a point-of-sale system that handles everything from menu updates, floor layouts, employee scheduling, performance tracking to tip splitting.Usually, restaurants have “some old legacy thing or something else,” Square Seller Lead Alyssa Henry told me.“Historically, we’ve not served this customer segment very well,” Henry said. “With Square for Restaurants, we’re excited to finally be able to serve this customer segment and deliver on a couple of key things that are core to Square but also highly valued by sellers of all types.”This new product is designed to be fast, self-serve, elegant and cohesive, Henry said. It also integrates seamlessly into Square’s existing ecosystem that includes Payroll, Capital and more. Given Square’s ownership…