Lumin partners with Leap on automated participation in demand response markets for homeowners
Smart circuit company Lumin cooperates with a provider of access to the energy market jump to offer Lumin Response, a program that offers homeowners automated participation in the wholesale demand response market, with financial incentives for energy savings during times when the local power grid is under pressure. Launched to 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 source aggregation platform, reducing a home’s power consumption by automatically turning off appliances when electricity prices are highest. Participants then help to balance the electricity grid and receive compensation for their energy reduction.
“Smart energy devices can make a significant contribution to grid stability during periods of peak demand,” said Jason Michaels, Chief Commercial Officer at Leap. “Together, Leap and Lumin enable homeowners to extract more value from their energy assets and become active participants in creating a more resilient, sustainable energy system.”
Lumin Response users will receive an in-app message or email informing them that they are eligible for financial incentives. Once they provide a simple set of preferences for when and how long their devices can be turned off, joining 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 devices such as refrigerators, smart-controllable plugs and chargers for electric vehicles. By connecting these devices together on its platform, Lumin creates an ecosystem where energy consumption is synchronized and remotely accessible and controllable with the energy supply available to a household.
“This partnership is the first real example of automated value accumulation for individual homes in the demand response space, alongside battery participation in virtual power plants,” explains Alex Bazhinov, founder and CEO of Lumin. “We are excited to partner with Leap to modernize home power loads and give homeowners more flexibility and options. Designed to work well for individuals who may or may not have an energy storage system, we deliver value from multiple streams.”
Demand response (DR) is a voluntary short-term decrease in electricity consumption usually caused by reduced grid reliability or high wholesale market prices. While many U.S. utilities offer their customers some DR options, the Lumin-Leap partnership provides a unique, automated DR solution for any device connected to a Lumin Energy Platform. In addition, participants can receive direct, performance-based payments for their DR participation in lieu of annual credit through their utility or points system.
“While many municipalities are moving towards setting standards for energy-saving measures in homes, smart devices that integrate seamlessly with renewable energy systems will become more important as we continue to see energy pressures on the grid, and this is why the easy-to-use, automated system is so valuable,” added Keegan Campanelli, Product Manager at Lumin. “And thanks to our partnership with Leap for wholesale demand response, we can now help homeowners save money at the same time. Lumin Response is a big win for everyone.”
Leap’s software platform makes it easy for smart energy technologies to monetize by providing flexibility and support to the grid. The company has sent more than 10,000 MWh of clean energy to power grids. Combined with the UL-certified Lumin Energy Management Platform, users can maximize their energy and return on investment for their residential solar systems.
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