Our homes are a big part of the electric grid, and skyrocketing electric and gas costs are a new misery for many homeowners — in the U.S., and in recent weeks even more so internationally.
The U.S. Energy Information Administration reports that residential was the biggest electricity use sector in 2021, at 39% (nearly 1.5 trillion kWh) — even higher than the commercial sector, at 35%. From PACE AI’s strong base in commercial/industrial cooling and heating cost and carbon cutting, we’re excited with a new initiative with a major residential-focused equipment partner, to bring PACE AI to Smart Home. Results in field trials are good, so stay tuned!