ozzie diaz vp, product management. about people power believe in the power of the people experienced...
TRANSCRIPT
About People Power
believe in the power of the people
• Experienced Team of 41 people
• Reliable open source network
• Venture-backed by New Cycle Capital, Seraph Group, others
• Partnered with experts
Consumer Dilemma• We use lots of electricity but we
don't know on what or how to lower it
• A 20% reduction in residential electricity usage can save $32B per year in US alone!
• We don’t have an easy way to help solve climate change
• The wholesale cost of electricity is steadily increasing, and being passed on to the consumer
Wholesale Electricity Price$/M
Wh*
Ind
ex R
ela
tive t
o Y
ear
200
0
*Real (inflation-adjusted) 2000$ Source: EPRI, 2009
Year
0
20
40
60
80
100
120
140
160
180
2000
2010
2020
2030
2040
2050
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
True Green12%
Concerned Followers
19%
Home Focused
12%
Inactive Concerned23%
Non-Believers33%
Source: 7B Labs (2009)
A Huge Market
• We need to plug in to the Future of Home Energy Efficiency• Give consumers devices with an easy to use dashboard to “set and forget” • Some people want ways to save money, others to save the planet
“We don’t inherit the earth from our ancestors, we borrow it from our children” – Native American saying
Summary