energy saving

Lumin and Leap to help homeowners be paid to reduce energy use

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Lumin is partnering with energy market access provider Leap to offer Lumin Response, a program providing homeowners automated participation in the wholesale demand response (DR) market, with financial incentives for energy reduction during times when the local grid is stressed.
Lumin and Leap to help homeowners be paid to reduce energy use
Courtesy of Lumin.

Launching for select customers in California in July, Lumin Response is the integration of Lumin’s home energy management platform and smart circuit control technology with Leap’s distributed energy resource aggregation platform, reducing a home’s power usage by automatically turning off appliances when electricity prices are highest. Participants will then help balance the electrical grid and receive compensation for their energy reduction.

“Smart energy devices can make an important contribution to grid stability during periods of peak demand” said Jason Michaels, Chief Commercial Officer at Leap. “Together, Leap and Lumin are making it possible for homeowners to unlock more value from their energy assets and become active participants in creating a more resilient, sustainable energy system.”

Users of Lumin Response will receive an in-app message or email notifying them they are eligible for financial incentives. Once they provide a simple set of preferences for when and how long their appliances can be turned off, participation is seamless and Lumin will automate the entire process.

Lumin’s technology connects the most energy-consuming circuits and various smart devices, including smart thermostats, connected appliances such as refrigerators, smart controllable plugs, and electric vehicle chargers. By interconnecting these devices on its platform, Lumin creates an ecosystem where energy consumption is synchronised and remotely accessible, and controllable, with the energy supply available to a household.

“This partnership presents the first true example of automated value stacking for individual homes in the demand response space, beyond battery participation in virtual power plants” added Alex Bazhinov, Founder and CEO of Lumin. “Designed to work well for individuals who may or may not have an energy storage system in place.”

Demand response (DR) is a short-term, voluntary decrease in electrical consumption that is usually triggered by compromised grid reliability or high wholesale market prices. While many US utilities offer their customers some DR options, the Lumin-Leap partnership provides a unique, automated DR solution for any appliance connected to a Lumin Energy Platform. In addition, participants can receive direct, performance-based payments for their DR participation rather than an annual credit through their utility or a points system.

Leap’s software platform makes it easy for smart energy technologies to generate revenue by providing flexibility and support to the grid. The company has dispatched over 10,000 MWh of clean energy to electric grids, reducing over 1,000 metric tons of CO2 and offsetting the equivalent of 3,500 hours from gas-powered peaker plants. Combined with the UL-certified Lumin Energy Management Platform, users can maximise their energy and the return on investment for their residential solar systems.

For additional information:

Leap Energy

Lumin

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