Ohmconnect Stock
Our electricity grid operates under the antiquated assumption that the only thing that can change is turning on and off power plants.
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About Ohmconnect Stock
Ohmconnect is a software based power plant. Instead of turning on a dirty coal or gas power plant during times of peak demand, Ohmconnect has hundreds of users reduce their electricity. Best part is that instead of paying dirty gas power plants to turn on, ohmconnect can pay its users to turn down. When users sign up, they are told when to reduce their electricity. If they participate, their energy reductions can be sold into the markets as additional generation. Ohmconnect hooks into users' wifi thermostats, electric cars, and smart devices to automate these reductions. Our users are presented with a clean visualization of where their energy is coming from and where their energy is going. For each event that they participate in, they earn Ohmconnect points which can be cashed out at any time.
Funding History
November 2013 | $0 |
---|---|
December 2015 | $0 |
April 2018 | $8.5M |
Management
President & CTO
Cadir Lee
Co-Founder & CEO
Matt Duesterberg
Co-Founder & CMO
Curtis Tongue
Press
forbes - Apr, 7 2024
Google-Backed Company To Invest $100 Million In Virtual Power Plantutilitydive - Jan, 27 2024
Tripling virtual power plant capacity by 2030 could save $10B ...utilitydive - Jan, 27 2024
FERC investigates possible Winter Storm Elliott market ...au - Jan, 27 2024
Google Nest Renew and OhmConnect merge into 'Renew ...solarindustrymag - Dec, 23 2023
Arizona Public Service Makes Energy Tolling Deal with ...