The Clean Energy Finance Corporation is investing $2 million in Wattwatchers to help expand production of its award-winning measurement device that helps consumers to better control their energy use and costs. This brings the Wattwatchers Series A capital raising to $4 million, following the April announcement of a $2 million investment by the Renewable Energy Venture Capital fund (REVC).
As the Prime Minister eyeballs energy retailers in Canberra on Wednesday (09/08/17) over sky-rocketing power bills, technology company Wattwatchers will offer energy retailers a way to meet the Prime Minister’s demands for lower bills. Wattwatchers is offering to give an energy retailer 50 free cutting-edge devices to track home energy use in real time – to help their customers to save money.
Buried in this month's Finkel Review blueprint for the future of energy in Australia is a powerful opportunity to make electricity more secure, cleaner and affordable. At page 146 the report says: 'For residential consumers, the key challenge is how to coordinate millions of solar panels, storage systems, load management devices and other technologies in a way that best utilises the multiple services they can provide to improve reliability and security, and reduce costs.'
It's got a grand title. 'Blueprint for the future: Independent Review into the Future Security of the National Electricity Market'. Initial reaction to what's meant to be a groundbreaking report for Australia's crisis-ridden energy sector has been mixed, we think for good reason. Some of it is good, some so-so, some bad and some downright dirty (that's the political compromise bit that throws a major lifeline to coal-fired generation of electricity, even while verifying that renewables are the lower cost options for the future).
Wattwatchers is delighted to announce the appointment of David Pethick to the new role of Director of Business Development. David is Wattwatchers first Melbourne-based representative, expanding the energy technology company’s industry engagement and sales reach at an important point in its growth phase.
When Gavin Dietz's home oven stopped working - showing a 'Brownout error' - his Wattwatchers energy monitoring devices revealed a voltage problem with his electricity supply from the grid. Gavin reports: 'We have a 3-phase wired house, and while two of the phases were relatively normal one was wildly out, dropping to below 190 volts. I suspect that’s way off a safe level for the well-being of many appliances.'
Wattwatchers CEO Gavin Dietz shares his own experience with home energy management and the big question for 2017 and beyond: does investing in battery storage add up for my home now? The dilemma goes like this: 'My greener heart is saying "just do it Gavin". But my more financially pragmatic head is saying hang off, and my public conscience is urging me to reinforce for others why they also should take a pause before jumping on board the storage rollercoaster.'
COMPANY ANNOUNCEMENT: Australian 'IoT for energy' company Wattwatchers has raised an initial $2 million to accelerate uptake of its ultra-compact, super-smart devices that empower electricity consumers and managers with fast, two-way, easy-to-access data. Wattwatchers specialises in real-time observation, prediction and control of electricity over the internet for households and businesses.
Clean energy technology was hidden behind carbon policy when the world embarked on a serious response to climate change in Kyoto two decades ago, but now its time to shine has come.
When EnergyAustralia CEO Catherine Tanna raised concerns about customer bill shock after the weekend heat wave, Wattwatchers MD Gavin Dietz hit the keyboard.