With the Currant outlet, AI works with you to lower your electric bill
$50 up front to save money on utilities in the long run? Sign me up.
For all the possible applications of Artificial Intelligence (AI), chances are that lowering your electricity bill never crossed your mind. But that is actually the case with this amazing smart outlet created by Currant, which harnesses the power of AI to analyze your energy consumption and provide input on what should be done to save money.
Considering that Americans spend nearly a quarter of all consumed household electricity in the country on powering idle devices, which roughly translates to $19 billion, it is easy to conclude that this is a big issue – and one that is quite expensive to the pockets of homeowners.
Currant is here to help
With the help of Currant and its smart AI-powered outlet, it is now possible to get a better overview of the power consumption of those devices. Along with its dedicated app, this gadget detects bad behaviors in power consumption, providing simple and easy to implement solutions to tackle these problems.
Jeff Clavier of Uncork Capital, one of Currant’s investors, believes this outlet is a pioneer on what will soon become a booming business niche that will impact the entire world:
We view the Currant Smart Outlet as the first in what will become a long line of energy-saving smart home products. Hasty [founder and CEO of Currant] has demonstrated his ability to develop innovative technologies and grow successful startups, and he has formed the ideal team to bring a new breed of practical, intelligent products into consumers’ homes that will help reduce global energy consumption.
More about the Currant outlet
The installation of the outlet could not be easier: simply plug it into the wall and connect it to the app, which is available for Android and iOS devices. Automatically, the app starts providing real-time information on energy usage, acting also as a normal power outlet. If it is left in that state for a week, it will provide a complete overview of the power patterns, and also suggestions to optimize power consumptions.
Alternatively, Currant’s outlet can also be used as a smart outlet, allowing the user to set specific rules to turn the power on or off according to schedules or the user’s preference. The outlet can also be connected to Amazon Alexa and Google Home so that it can be controlled with voice commands.
What do you think of the smart outlet? Is this something you’d spend money on? Let us know in the comments!
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