A partner at a $1.2 billion fund told us a 'fundamental paradigm shift' is reshaping the way consumers think about energy. Here are 3 startups he's betting will benefit.
Here's a question you probably never think about: How many kilowatt-hours of energy do you use in your home or apartment every day? , a partner at Energy Impact Partners , a $1.2 billion energy investment firm that's one of the most active funds in the clean-energy industry. "I'd say that's pretty normal."
Within that category, Reddy is betting on startups that develop mass-market approaches that don't compromise cost or comfort. He mentioned three startups that stand out. "What Arcadia is doing is they're creating bottoms-up demand for clean energy, and they're simplifying the way that a clean energy product is presented to the end customer," Reddy said.
"Your thermostat represents a significant portion of [energy] load — about a third of the load within the home," Reddy said. "So it's a major underrated resource. We think Nest and others still haven't fully tapped into the potential." Sense sells a home sensor that monitors the energy usage of appliances.Reddy is also betting on Sense, a startup based in Cambridge, Massachusetts.
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