Matt Duesterberg from Ohmconnect on CEO Money

Matt Duesterberg
CEO & Founder – Ohmconnect
www.ohmconnect.com

OhmConnect pays users to turn down their electricity in addition to lowering their energy bill. OhmConnect connects the existing infrastructure of smart meters and energy markets, and provides a simple communication layer for our users. When an #OhmHour occurs, users elect to save and participate, and if they do, OhmConnect pays them for it. In addition, we hook up to smart home devices like wifi thermostats, electric cars, and smart plugs to automate reductions.

Matt Duesterberg is co-founder and CEO of Ohmconnect. Ohmconnect connects the smart home to the smart grid, making it dead simple for users to participate in demand response events daily. He started OhmConnect with Curtis Tongue after seeing millions of dollars flowing from energy markets to financial entities without giving the end users the opportunity to make any difference to the energy markets.

Previously, Matt ran the data science division at utility meter data analytics company, DataRaker, which got acquired by Oracle in 2013. He found a host of interesting insights untapped in the residential smart meter data. He got his start in the energy industry via finance; he traded futures for electricity flows for a small quantitative trading firm, DC Energy. He has an MS in Mechanical Engineering with a focus on Energy Systems from Stanford and a BS in Chemical Engineering from UVA.

What is this and how does it work? OhmConnect is a service designed to offset the effects of dirty power plants by alerting you when you should save energy.

Who is eligible? Anyone across the United States can use OhmConnect to save energy during #OmHours and earn rewards. Users in California who have energy provided by PG&E, SDG&E, SCE and aren’t part of a conflicting program; as well as users in Toronto, Canada who are served by Toronto Hydro Electric System; and some users in Texas who are part of Smart Meter Texas, may be eligible to earn monetary compensation. All users can earn prizes for participating!

 

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