Eclipse Authors: Pat Romanski, Elizabeth White, Liz McMillan, David H Deans, JP Morgenthal

News Feed Item

People Power Company Launches to Develop First Open Source Home Area Network Empowering Consumers to Save Money and Reduce Electricity Usage

People Power Company, an energy efficiency company providing residential monitoring and control systems, today announced it has closed Series A funding from New Cycle Capital, Seraph Group and other angel investors to support commercialization of the company’s inaugural product offering. Research projects with U.C. Berkeley and Stanford University will focus on open source implementation of wireless sensor networks in home energy monitoring and control systems. These joint venture projects will lower technology development cost while improving reliability and expanding the market for home area networks.

People Power Company is developing devices communicating wirelessly through an Open Source Home Area Network called OSHAN (pronounced “Ocean”) that connects appliances and fixtures to a robust web-based portal so that consumers can track usage of each appliance in real-time. People Power calculates that by producing just 20% energy savings for US households, consumers would save almost $32 billion a year, and carbon emissions would be reduced by 187 mega tons (metric) -- equivalent to taking 40 million cars off the road for one year.

Ben Black, general partner at New Cycle Capital, said, “Under Gene Wang’s leadership, People Power has put together an amazing management team of serial entrepreneurs with more than 150 combined years of startup experience, along with great partnerships and a consumer-friendly product design. After reviewing many of the plans and products in this fast growing space, People Power had both the most proven management team and a product vision that provides great consumer benefit right out of the box. Their solution will provide consumers appliance level control and analysis of energy use without the need for professional installation, which is what this market needs to grow.” Ben Black and Steve Wiggins of Essex Woodlands Health Ventures have joined the People Power board of directors.

“Our solution helps utilities bring the smart grid all the way inside the home, by connecting appliances to a simple to install system that automatically cuts power consumption, while giving consumers a simple way to manage their energy budget and share their green achievements with their social network,” said Gene Wang, founder and CEO at People Power Company. “After running three technology start-ups with three successful exits, I decided it was time to answer my kids’ strong suggestion that I try to do the planet some good while doing well. And People Power is all about empowering people to save money while they go green.”

According to Prof. David Culler from University of California at Berkeley, “The open source model offered by People Power will enable a wide range of users and developers to innovate as we modernize our antiquated utility grid. As the rise in greenhouse gases threatens civilization, we need to invent new ways to fundamentally change the nature of energy production, distribution and use. Together with People Power, we will investigate how to design an essentially more scalable, flexible and resilient electric power infrastructure - one that encourages efficient use and manages demand through omnipresent awareness of energy availability and use over time.”

Prof. Philip Levis from Stanford University believes that teaming with People Power promises rapid technology iteration, based on initial results from team collaboration on TinyOS and validation of network performance.

About People Power Company

People Power gives people the power to save money on their electric bills while going green. We empower consumers to control energy consumption at the appliance level and compare their usage with others while reducing their carbon footprint. Based in Palo Alto California, People Power Company was founded by successful, serial entrepreneur Gene Wang and has received funding from angel investors and New Cycle Capital. For more information, visit www.peoplepowerco.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...