As renewable energy and energy efficiency continue to make gains among cost-conscious consumers, more companies are looking at ways to give customers better ways to manage the electricity coming into their homes.
At the Consumer Electronics Show in Las Vegas, Schneider Electric unveiled its pitch to homeowners looking for a better power management system with the company’s Energy Center product.
Think of it as a competitor to products from startups like Span, which are attempting to offer homeowners better ways to integrate renewable energy power generation to their homes and provide better ways to route the electricity inside the home, according to Schneider Electric’s executive vice president for its Home and Distribution division, Manish Pant.
The new product is part of a broader range of Square D home energy management devices that Schneider is aiming at homeowners. The company provides a broad suite of energy management services and technologies to commercial, industrial and residential customers, but is making a more concerted effort into the U.S. residential market beginning in 2020, according to Pant.
Schneider will be looking to integrate batteries and inverters into its Energy Center equipment over the course of the year and is currently looking for partners.
In some ways, the home energy market is ripe for innovation. Fuse boxes haven’t changed in nearly 100 years and there are few startups looking to provide better ways to integrate and manage various sources for electricity generation and storage as they become more cost competitive.