NEW YORK, Jan. 5, 2011 /PRNewswire/ -- ThinkEco, Inc. today announced an agreement with Con Edison to develop and deploy energy-management technology for window air conditioners.
The innovation, which integrates Con Edison's intellectual property, expands the capabilities of ThinkEco's flagship product, the modlet®. The patent-pending modlet—short for modern outlet—is the first intelligent outlet that saves businesses and consumers money by reducing energy waste from plugged-in appliances. ThinkEco has already launched the modlet to business customers across the US and is looking to introduce it to residential customers in early 2011.
"Being able to use the modlet for window air conditioning units will give consumers superior temperature control during the summer months by empowering them with the ability to monitor and control their units remotely," said Jun Shimada, president and CEO of ThinkEco, Inc. "The window AC modlet will make these air-conditioning units demand response ready and help consumers to use electricity more wisely."
ThinkEco and Con Edison plan a pilot program next summer to test this innovation."Con Edison is leading the initiative to explore and develop new technology so customers may save energy with their window air conditioners," said Rebecca Craft, Director of Energy Efficiency from Con Edison. "We are delighted to work with ThinkEco to help our customers save on these energy intensive appliances." "This is a strategic opportunity for Con Edison and ThinkEco because each party brings complementary intellectual property to the table that will ultimately benefit the end-consumer," said Shimada. "For ThinkEco, this R&D partnership is further validation of our leading-edge scientific ability to create easy-to-use energy-efficiency products. For Con Edison, this relationship is proof of its commitment to innovate and bring new ideas to market that benefit their customers." About ThinkEco, Inc . Founded in 2008, ThinkEco, Inc., is a New York City-based company developing easy-to-use energy efficiency solutions for homes and businesses. Its latest product, the modlet, is an intelligent outlet that provides a simple, low-cost and installation-free method for saving money and energy on electronic appliances. The modlet is available for commercial purchase and will be available to consumers in the first half of 2011. For more information, visit www.thinkeco.com. For the latest updates and news, follow the company on Twitter at @ThinkEco or "like" us on Facebook at www.facebook.com/ThinkEco. About Con Edison Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $35 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York. Consolidated Edison, Inc. is a Dow Jones Sustainability Index (DJSI) company. The global Carbon Disclosure Project (CDP) has ranked Consolidated Edison, Inc. #1 among all S&P 500 companies in its 2010 Carbon Disclosure Leadership Index, as well as # 1 among utilities in the CDP's new Carbon Performance Leadership Index. Consolidated Edison, Inc. also has been recognized for its environmental performance by the U.S. Environmental Protection Agency, the U.S. Department of Energy and other organizations.