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CNBC – December 7
As rolling blackouts continue to plague California, one company is hoping that a new $100 million investment will help it keep the lights on by paying customers to turn the lights off. OhmConnect recently received $100 million from Alphabet-backed Sidewalk Infrastructure Partners to build the largest distributed clean power plant in North America, with $80 million going towards building a virtual power plant, known as “Resi-Station.” Founded in 2014, OhmConnect acts as a power supplier during times of peak demand by taking energy offline. When the grid is overwhelmed, the company sends alerts to customers through in-home smart devices asking them to reduce usage. Since OhmConnect is considered a power plant, it’s paid for the energy it supplies by users cutting back, passing down some of the savings to its customers. The company has around 150,000 active customers in California, and is expecting to add another 750,000 through its Resi-Sta ....

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