How is IoT Disrupting the Relationship Between the Utility & the Residential Customer?
As consumers rapidly adopt connected home products, new opportunities have emerged for the utilities. Utilities are now welcoming the tech-savvy, connected consumer into their energy efficiency and demand response programs. And most importantly, these program participants are being acquired at a much lower cost than 5 years ago. I will describe how this market disruption is altering the conversation between utilities and the connected home consumers.
Jun Shimada is Founder & CEO of ThinkEco Inc, an IoT platform company focused on providing energy efficiency services to utilities. ThinkEco has developed pioneering demand response programs with major utility companies, such as Con Edison and National Grid. Prior to ThinkEco, Jun led the founding team that built Vitae Pharmaceutical’s Contour drug discovery platform and also held theoretical biophysics research positions at Harvard, Columbia, and MIT. Jun has a BA, MA, and PhD in chemical physics from Harvard.