Newsletter







Sustainability

electricitymonitoring

We understand that sustainability needs to go beyond the baseline of environmentally friendly practices and materials, to reveal a business set up to succeed. That’s why we’ve focused on meeting an unmet need in the smart grid industry, and why we’ll remain committed to future-proofing our business strategies.

As such, our vision is to: 

  • enable utilities to avoid the need to build new infrastructure while still reaping the cost savings of smart meter integration.
  • empower consumers to save energy and money without giving up their privacy, providing them with better feedback tools to self-monitor their usage

  • help utilities and policy makers recover hundreds of millions of tax-payer's dollars currently lost through power theft or wastage 

ThinkEco Power Systems provides innovative products and services that enable the production, consumption, and conservation of energy resources in ways that provide real value for our customers, partners, and communities, our planet and our business itself. Our mission is to work with our partners and software application developers to create a living, breathing ecosystem that can provide:

  • Crime/Theft detection, real time monitoring & feedback analyticsEnhanced granularity of business and residential energy consumption patterns increases the utility's ability to predict energy demand. This is called load forecasting, a critical factor in energy purchasing and generation. Additionally, BC Hydro estimates that losses due to power theft work out to be around US$100M annually or the capacity to power 77,000 homes. Energy usage data may help policy makers better evaluate utility energy efficiency programs, help detect theft and allow for better allocation of funds.

  • Privacy, power savings and home automationStudies investigating consumer feedback on electricity consumption suggest that the greatest savings comes from appliance-specific feedback information. Also, the biggest barrier to consumer opt-in compliance and public support in general is the privacy issue. Our technology solves this problem.

  • Specific areas to curb energy wastageEnergy usage data may help policy makers better evaluate utility energy efficiency programs, and allow for better allocation of funds. Most existing models of energy demand are constructed upon a very sparse representation of human behavior and decision making, in part because rich data has not been available to date.