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High Tech Energy Efficiency Startup Wins Green Business Fund Grant

Posted on: Friday, 7 August 2009, 13:00 CDT

DURHAM, N.C., Aug. 7 /PRNewswire/ -- PlotWatt, a cleantech startup focused on helping consumers cut their electricity bills, has been awarded a development grant from the North Carolina Green Business Fund. The $40,000 grant will be used to refine software and expand pilot testing of the PlotWatt real-time energy analytics platform.

"This award is a vote of confidence from a panel of clean technology experts," said PlotWatt founder Luke Fishback. "It is an acknowledgement both of our team's specific solutions and of the more general opportunity to see residential energy reduction as a viable source of clean energy."

PlotWatt is creating technology to complement the evolving electricity infrastructure. "Richer energy consumption data will be a big part of the smart grid. The question of what to do with the data once it's collected is largely unanswered. That's where we come in. We're creating tools to make the smart grid useful for consumers," said Fishback.

The North Carolina Green Business Fund, established in 2007, awards competitive grants to organizations within the state for work on innovative projects focused on three priority areas: 1) biofuels, 2) green building and 3) private sector investment and entrepreneurial growth in environmentally conscious clean technology and renewable energy products and businesses.

About PlotWatt

PlotWatt, formerly named VisibleEnergy, was founded in 2008. The company was the consumer products winner in the 2008 Duke University Startup Challenge as well as a graduate of the Center for Entrepreneurial Development's FastTrac Tech program.

The company's initial offering uses the analysis of real-time electricity data to find the sources of individual homes' energy waste. Presently in alpha testing, PlotWatt has successfully delivered energy bill reductions in excess of 50% for pilot users. For additional information, visit www.plotwatt.com.

SOURCE PlotWatt

Source: PR Newswire

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