8 Comments

Summary:

The race is heating up among companies looking to bring you tools that sit atop your electricity meter to help you cut energy consumption in your home. Many of them are working with utilities on services for smart meter rollouts; some are building high-end dashboards that […]

wattvisionlogoThe race is heating up among companies looking to bring you tools that sit atop your electricity meter to help you cut energy consumption in your home. Many of them are working with utilities on services for smart meter rollouts; some are building high-end dashboards that include a rich, PC-style display with which to tinker; and some are creating smart outlets that offer a detailed look into the energy consumption of different appliances and devices. But Wattvision, a year-and-a-half 4-month-old, Y-Combinator-born company, is heading straight to the bottom with dreams of selling a cheap, bare-bones energy management tool that it says is a snap to install on your meter and can be monitored via the web. No bells, no whistles — just information.

Well, that’s the plan anyway. Wattvision CEO and founder Savraj Singh tells us he’s in the process of raising the company’s first round of angel funding so that he can launch the tool within the coming months. He’s not waiting around for complex smart meters, which are getting a boost from the stimulus plan but will still take years to roll out. Singh says Wattvision’s tool can work with basic electricity meters and can be installed without using an electrician. And while he hasn’t yet set a price point on the monitoring hardware, he calls the $250 range others are looking to charge way too high for the regular consumer; Wattvision’s gear, he said cryptically, will be priced in the range of a standard iPod.

Ahead of the launch, Singh set up the sensor hardware at a handful of pilot buildings, including the Mountain View, Calif., offices of social network company FriendFeed. Singh showed us how the gear is monitoring the energy consumption of the FriendFeed’s office space and others in real time on the web, updating every 15 seconds. We watched the buildings fluctuate between consuming, on average, 15-35 cents per hour of electricity.

Wattvision still has a lot of work to do before it can get its energy management tool to market. For example, currently the connection between the meter and the Internet connection is wired, though Singh says they’re adding in a wireless connection shortly. Wattvision also hopes to add in smart social networking features (Singh previously worked at Microsoft), and has developed its sensor design to be open source so that third parties can build compelling applications and services on top.

Wattvision’s business model has its own issues, namely that selling a straight-to-consumer gadget is very difficult for a startup with no funding to do. Consumer electronics take a lot of capital costs to develop and manufacturing is a margins business, which means high volumes can be critical to succeeding. High-volume consumer sales, in turn, require a lot of marketing and relationships with retailers — also difficult for a startup. These difficulties aren’t impossible to surpass — see Danger’s Hiptop (formerly T-Mobile SideKick), or Meraki’s Wi-Fi gear (though this is partly for the prosumer with service provider plans) — but will make the road ahead tough for Wattvision.

The product is also super simple — maybe too simple for a user that would go to the trouble of buying one in the first place. It shows the whole energy consumption of the house, so if you want to know how much of a power hog, say, your fridge is, then you’re going to have to go unplug it and then look at the web interface. It’s a sort of black box approach: You can’t really see what’s inside, but through trial and error you can deduce a way to reduce your energy.

Still, I like the idea of a down and dirty, basic approach. Whenever an energy management company pitches us and promises ease of use, my eyes start to glaze the moment they start pulling out various hardware for the router connection, for the dashboard, for smart plugs — it never seems to end. Never mind that such solutions typically require an electrician.

It’s also refreshing that Wattvision is looking to get its sensor out there before the smart grid rollout, as that will inevitably take more time than people think. But with that timeline, the company really needs to go into overdrive and get its product out so it can claim some solid market share before those fancier versions hit the shelves.

This article also appeared on BusinessWeek.com.

By Katie Fehrenbacher

You're subscribed! If you like, you can update your settings

  1. Energy Saver Monday, April 27, 2009

    Tying this to the internet and doing a social network is all cool but here is a product you can buy for about $100 wireless and all. And I found this in a 2 min google search. I wonder if this company really has legs.

    https://www.chooserenewables.com/xcart/product.php?productid=16155&cat=266&page=1

    1. Energy Saver, The device you mention has no history of power usage, is only 5% accurate and the collected data never makes its way online.

      Web enabled products such as Gridspy and WattVision allow you to check into your house from anywhere, spot historical power trends and gain a real understanding of long term power usage. It also makes it much easier for our customers to talk about power saving with their friends.

      Also, in the case of Gridspy – we split the power usage up into multiple channels so it is easy to see where the power is going. Combined with long term data acquisition, Gridspy makes it possible to evaluate what sort of power measures are worthwhile and how much you will really save.

  2. I’m curious – how is it that you can post an article from Business Week without attribution? http://www.businessweek.com/technology/content/apr2009/tc20090424_330132.htm

  3. Wattvision’s Down and Dirty Energy Management Dreams « SmartGrid Current Tuesday, April 28, 2009

    [...] Wattvision’s Down and Dirty Energy Management Dreams Posted April 28, 2009 Filed under: Uncategorized | http://earth2tech.com/2009/04/26/wattvisions-down-and-dirty-energy-management-dreams/ [...]

  4. Google Makes Utility & Smart Meter Friends for PowerMeter Tuesday, May 19, 2009

    [...] enough data to help them modify their behavior. That could be where a company like Tendril, or WattVision comes in. [...]

  5. Why the Smart Grid Won’t Have the Innovations of the Internet Any Time Soon Friday, June 5, 2009

    [...] course new energy management tools (like a Wattvision) are coming out that can bypass the utility data system and can get closer to real time information [...]

  6. Commercial Buildings + Energy Management = $6.8B-a-Year Market Wednesday, November 18, 2009

    [...] job. Or Lucid could work on packaging its software and sensor product into a relatively low-cost (some think it has to be dirt cheap to sell to consumers), probably low-margin box to sell to a market that’s still in a very [...]

  7. Under $100 At Fry’s: The PowerCost Monitor Tuesday, January 19, 2010

    [...] below $100 put the PowerCost Monitor at the front of the consumer energy management pack? When I interviewed Savraj Singh, the founder of Y-Combinator startup Wattvision, which makes a gadget like the PowerCost Monitor, [...]

Comments have been disabled for this post