As energy prices continue to rise, more consumers are looking for ways to decrease costs through efficient energy use and renewable energy sources. However, in many countries, renewable energy is a significant investment especially if batteries are added to the system. Often the payback period for a system can be longer than most people intend to own a home for. Additionally, the reduction in ‘feed-In- tariffs’ for exporting renewable energy is leading more and more consumers to look for ways to maximise the use of their renewable sources; for which many households would be difficult to achieve even with considerable effort in changing energy use behaviour.
There is also growing investment from energy retail and network companies in these systems and ‘smart grid’ technology that allows for better demand management. This shift towards greener and smarter energy management has led to a growing home energy management system (HEMS) market that is expected to increase globally by 19% between 2017 and 2021 according to Technavio’s annual report on the industry.
PowerGenius serves both these growing markets, consumer and commercial, through a HEMS solution that acts as the brain of the home. PowerGenius controls home appliances and distributes energy from renewable and other energy sources in the most efficient way possible to maximise energy savings. The company continues to invest heavily in research and development to further the capabilities of EMS and smart grid technology for a future energy landscape that depends on smarter management of energy demand, use, renewable generation and distribution.