Skip to content
  • Categories
    • Business
    • Tech
    • News
    • CEDIA
    • Videos
  • Events
  • Issue Library
  • Podcasts
  • Newsletter
  • Directory
  • Submit
  • Shop
  • Media Kit
  • Subscribe
Menu
  • Categories
    • Business
    • Tech
    • News
    • CEDIA
    • Videos
  • Events
  • Issue Library
  • Podcasts
  • Newsletter
  • Directory
  • Submit
  • Shop
  • Media Kit
  • Subscribe
Lumin Edge
Home / Tech / Green Tech / Lumin and Leap to Help Homeowners Get Paid to Reduce Energy Use 

Lumin and Leap to Help Homeowners Get Paid to Reduce Energy Use 

  • June 16, 2022
  • 8:00 am
  • Jeremy Glowacki Jeremy Glowacki

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.

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.

Related: Lumin Edge Gives Homeowners Control and Optimization of Energy Use from a Smartphone

“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 synchronized 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,” explained Alex Bazhinov, founder and CEO of Lumin. “We are thrilled to work with Leap to help modernize residential power loads and provide more flexibility and options for homeowners. Designed to work well for individuals who may or may not have an energy storage system in place, we deliver value from multiple streams.”

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 U.S. 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.

“As many municipalities move to enact standards for energy-saving measures in homes, smart appliances that integrate seamlessly with renewable energy systems will become more important as we continue to see energy strain on the grid, and this is why Lumin’s user-friendly, 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 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 maximize their energy and the return on investment for their residential solar systems.

TAGS
Alex BazhinovEnergy ManagementJason MichaelsKeegan CampanelliLeapLumin EdgeNew
Facebook
Twitter
LinkedIn
Pinterest
PrevPrevious articleAudio Advice to Host High Performance Audio and Home Theater Event
Next articleSnap One Redesigns OvrC Connect App and Location DashboardNext
Jeremy Glowacki

Jeremy Glowacki

Residential Tech Today’s executive editor Jeremy Glowacki is an editorial veteran with more than 20 years of professional experience with numerous publications. In 2000, he helped create and launch Residential Systems, a business and technology magazine for the custom integration business. He served as day-to-day editor of that title and content director of the CEDIA Daily, Systems Contractor News, and several other B2B titles until joining Innovative Properties Worldwide in 2018. Jeremy was named a CEDIA Fellow in 2012.
RELATED POSTS
Oasys

Oasys Holds First Summit Since Rebranding and New Mission

Rosewater-Hub40-side-by-side-with-new-logo-copy

RoseWater Energy’s New AIA-Approved Course Now Available

Control4 Halo Touch

The Control4 Halo Touch Remote Control is a Voice-Enabled Time Saver

  • Green Tech

Leave a Reply Cancel reply

You must be logged in to post a comment.

SEARCH OUR SITE
DIGITAL EDITION NOW AVAILABLE
GET THE LATEST NEWS IN YOUR INBOX
* indicates required

TOP POSTS THIS WEEK
  • Control4 Halo Touch The Control4 Halo Touch Remote Control is a Voice-Enabled Time Saver 246 views
  • Aqara FP2 Presence Sensor Occupancy Sensing with the Aqara FP2 Presence Sensor 35 views
  • Wyze Smart home Design Considerations for a Guest-Friendly Smart Home 27 views
  • NFC Card NFC Tags – An Inexpensive Smart Home Automation Application  26 views
  • TP3 Omada TP-Link Launches Omada Cloud-Based Controller with Zero-Touch Provisioning  23 views
Facebook Twitter Linkedin Instagram Youtube
  • Contact Us
  • Partner With Us
  • Privacy Policy
  • Terms of Use
  • Subscribe
  • Directory
  • Join our team
Menu
  • Contact Us
  • Partner With Us
  • Privacy Policy
  • Terms of Use
  • Subscribe
  • Directory
  • Join our team
Back to top
Innovative Properties Worldwide, Inc.

1750 Wewatta Street, #1821, Denver CO,  80202 | 720.476.4920

© Residential Tech Today 2022. All rights reserved.

Produced by IPW

Looking for the latest tech news? We have you covered.

Don’t be the office chump. Sign up here for our twice weekly newsletter and outsmart your coworkers.