A13 - Empowering Homeowners with Transactive Energy

Transactive energy controls the electrical grid by using economic constructs to distribute power within a community. As the country moves towards clean energy initiatives, unlocking transactive energy will ensure system reliability, promote peer-to-peer selling, steer decarbonization efforts further by improving the economics of distributed solar and storage, and help homeowners precisely address energy consumption and load management. However, enabling transactive energy platforms requires granular insights into and control of energy consumption that is available with Lumin’s product. The company's new product, Lumin Edge, is a modular smart energy system and smartphone application that gives homeowners the flexibility to manage, monitor and optimize their home energy usage. Peer-to-peer selling offers underserved, such as lower-income communities, agency over how their homes utilize energy even with their old circuit breakers. Adaptable products like Lumin Edge are necessary to enable transactive energy at large in the future, thanks to key data that allows consumers to manage their energy loads easily. The future of cleantech relies on products such as Lumin Edge as it will give homeowners agency over how their appliances make use of energy and explore the benefits of peer-to-peer energy selling. Systems that enable transactive energy, such as Lumin Edge, unlock new possibilities for communities to engage in the clean energy transition and experience cost-effectiveness.