Coincident, Inc. is a Boston-based technology start-up and we've developed an advanced energy management system for residential and small businesses consumers.
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Over the next several years millions of homes and buildings will be receiving upgrades from their electric utility in the form of smart meters. These devices measure the energy used by your home or business, much like today's existing meters, but also include technology that aims to change the way electricity is monitored, priced, and consumed.
For the electric utility, these new meters provide features allowing them to operate their business more efficiently (e.g. improved billing, outage detection, remote service connect/disconnect).
For energy consumers, this will result in new rate structures and electricity pricing programs. Because energy cannot be efficiently stored at utility-scale quantities, electricity must be generated as it is demanded. The system is not as efficient as it could be, and this makes electricity much more expensive to generate at peak times of demand (e.g. hot summer months).
Utilities, consumers, and government agencies are generally in agreement that steps we can take to improve the efficiency of our homes and the electric grid helps to lessen our dependence on non-renewable resources, avert construction of new power plants, and reduce harmful environmental emissions.
Consumers will soon require new technologies to help them maximize the benefits that can be gained from utility-driven smart meter deployments. We're working on a product called the Coincident Energy Management Appliance™ that seamlessly integrates smart meters (and numerous other physical devices) as part of a rich web experience.
Looking for our advanced metering visualization tool?