Copper Labs sparks joy for utility companies by making their meters smarter –
Summary
Copper Labs just raised $5.5 million to help them solve that problem, with an elegant little hardware device that serves as a bridge between the low-resolution smart meters and the consumer’s internet connection. “The problem is even the most sophisticated electric Smart Grid deployments right now are only telling utilities what happened yesterday, and only in 15-minute intervals,” says Dan Forman, CEO at Copper Labs. “The Copper Labs team is on a mission to help utilities plan for a future with strained and limited resources all while recreating delivery systems fit for purpose,” said Brownell. “Historically, on the residential side, demand management programs were primarily targeting connected smart thermostats, enabling [them] to reduce load during peak periods. In addition, Copper’s solution is far cheaper, quicker and more environmentally conscious to install on a utility pole, than replacing a hundred perfectly fine and serviceable power meters at the home level.