Consumers can now be notified of actions they can take to manage energy in real-time, earn cash rewards and reduce carbon emissions
MOUNTAIN VIEW, Calif. – May 9, 2023 – SmartThings, the premier technology enabling connected living and driving the future of smart homes, has partnered with smart building and grid-service company Logical Buildings to offer New York residents greater control over their energy cost and environmental impact. The partnership allows consumers to easily measure and manage their resource consumption during peak demand, using insights and real-time suggestions directly from their SmartThings-enabled devices and earn cash rewards for participating in demand response programs. An average participating household can earn more than $100 per year through rewards and savings during surges in energy consumption.
SmartThings users in New York can sign up for Logical Buildings’ GridRewards program simply by activating SmartThings Energy in the SmartThings app, and inputting their zip code to see if they’re eligible for this or other conservation programs in their area. GridRewards users not only receive cash payments, but also extend the value of connected home devices including lowering their carbon emissions. They also provide measurable support to their local utility via demand response services such as load shedding during peak demand.
SmartThings Energy is a service within the SmartThings app that offers comprehensive insights and data analysis for appliances like refrigerators and air conditioners. This first of its kind ENERGY STAR Smart Home Energy Management Systems (SHEMS) service allows consumers to manage and automate their usage of not just Samsung appliances, but the entire home, and recommends ways for consumers to be more environmentally efficient over time based on habits. With these new partnerships, users can now also be informed and take action in real-time in response to surges in demand and price, and receive rewards from partners in addition to savings on their utility bills.
SmartThings users can play an important role in reducing strain on their local electric grid. Because SmartThings Energy integrates with utility providers and grid-service programs, users can help reduce power consumption during peak hours through a single app. For example, users are notified if they are using their dishwasher at peak times so they can stop or delay use. Such actions can offset overall energy costs for individual consumers, and have the power to lower demand across an entire zip code.
“As our country faces a greater number of winter storms, heat waves, and record flooding, there becomes increased strain on the power grid, leading to widespread outages during periods of high demand,” said Barry Holland, Director of Product Management, SmartThings Energy. “SmartThings Energy solves everyday needs by lowering costs and reducing reliance on power grids during peak and emergency situations. We look forward to expanding and enhancing the program in the future, seeking additional demand response and utility programs to connect our users to.”
“Partnering with SmartThings extends the value of connected smart devices and appliances, delivers new grid services and greatly benefits residential end-users,” said Jeff Hendler, CEO of Logical Buildings. “Together, we can achieve our collective decarbonization goals empowering consumers with more visibility and control to lower energy costs and earn money providing grid services.”
To learn more about SmartThings Energy, visit partners.smartthings.com/smartthings-energy.