Copper Labs is an integrated hardware and software company building IoT products and services that help utilities and consumers leverage energy consumption data to create a more informed and sustainable energy future.
Opportunities for Success in Energy Efficiency:
“The electric grid is being disrupted by both sides as generation includes an increasing mix of renewables with variable capacity and residential demand peaks are increasing due to electric vehicle charging, in addition to the impact on residential load as more people work from home. Copper helps utilities take control of energy demand by engaging consumers with real-time meter data; many utilities can only access this data once per month and if you can’t measure it, you can’t manage it. ” – Dan Forman, CEO, Copper Labs
Advice for Cleantech Entrepreneurs:
“Choose a substantive problem that you and your team are passionate about and uniquely capable of solving. When the going gets tough, and it will, you’ll take comfort in knowing your team has a unique competitive advantage and that you will have been intentional in choosing the people you’ll probably spend more time with than your family.”
Exciting Advancements in the Next 3-5 Years:
“The electrification of transportation will present a number of challenges and opportunities for electric utilities and Copper will be there to help. With real-time energy usage data, and a new channel to engage targeted consumers, utilities will help consumers charge electric vehicles when energy prices are low and renewable energy sources are abundant so we can all breathe the increasingly clean air we’re seeing with decreased traffic on the roads.”