Powder Watts is a National Science Foundation awarded and funded company that has recently been awarded a USPTO patent on its ability to tackle the largest unmanaged electric load left on the US electric grid. Powder Watts has de risked the technology and is in its second year of full commercial operations, with hundreds of locations and zero customer attrition. The TAM is 20M locations for Rooftop and another independent 18 to 20M locations for the upcoming Driveway and Walkway product. Total energy savings opportunity is greater than 140TWh each year for just the Rooftop product, representing greater than 70M tons of CO2 offset for rooftop and 200M combined. Uniquely, Powder Watts does all of this with close to zero carbon footprint from the manufacturing supply chain AND operations, coining the mark, Zero Carbon Energy. Powder Watts has secured their supply chain, perfected backend and app code, and is in the process of scaling to 100,000 plus locations.
Utility companies large and small offer customer incentives of up to 70 percent to install the Powder Watts system, making ROI for customers as low as 1 year.
Ongoing revenue comes from customers’ subscription which consists of a share of the actual energy savings the Powder Watts system generates for them via the AI and IoT ecosystem, making for happy lifetime customers that continue to save as long as they own the building.
Additional substantial ongoing revenue in the future comes from the sale of high level quantifiable and verifiable carbon offsets.
The Powder Watts system consists of a best in class ultra rugged IoT rooftop sensor package, a 120V or 240V utility grade energy monitoring smart switch, and a long-range hub to communicate with all devices, back to the Powder Watts Cloud. On the backend lives the Powder Watts Computer Vision AI that works to determine roof state and switching decisions for the IoT devices in the field, resulting in an approximate 92 precent energy savings for its customers.
