Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Ford, Eaton, SunPower And Whirlpool Team Up For Electric Energy Initiative

Stock quotes in this article: ETN, F, SPWR, WHR 

"More than ever, cars are sharing the same energy source as the home," says Mike Tinskey, global director of Vehicle Electrification and Infrastructure, Ford Motor Company. "The time is right for the home appliance and transportation sectors to converge if we are going to tackle a myriad of sustainability challenges in a rapidly changing world."

The average American home uses more than 11,000 kWh of electricity a year, says Warwick Stirling, global director for Energy and Sustainability, Whirlpool Corporation. "But with recent technology advancements in our appliances, a family can use energy smarter and more efficiently," he adds.

"SunPower is offering Ford plug-in vehicle owners the world's most efficient solar power systems to ensure they maximize emission-free power generation for use at home and for their vehicles," says Ken Fong, SunPower general manager, Americas. "SunPower systems offer the industry's best warranty, so homeowners can count on 25 years or more of clean power to support their sustainability goals and generate significant annual savings on their electricity bills."

"As innovation in home electrical technology advances, so does the need for safe, reliable and efficient power distribution," says Joanne Edwards, vice president and general manager, Residential Division, Eaton. "At the same time, giving homeowners the tools to tap into the details of distributed power for their homes allows them to modify their behavior and further reduce energy consumption."



Driving change: Technology trends

A plug-in vehicle is the largest electrified product most people will ever buy, and it serves as a catalyst for adoption of products that reduce CO 2 and save money. Recent advancements in several technologies make this an ideal time to demonstrate the benefits that can be achieved by optimizing a home energy footprint.

Key factors driving MyEnergi Lifestyle include:

  • Electric vehicles, like the all-new Ford C-MAX Energi plug-in hybrid, are more efficient and can charge during the low-cost electricity hours
  • Appliance efficiency has improved dramatically over the past decade
  • Hot water heaters are more efficient and use nighttime electricity
  • Connected appliances can use less energy during peak periods
  • The Nest Learning Thermostat programs itself and automatically saves energy when a homeowner is away
  • Efficient, reliable and affordable rooftop solar systems enable families to generate renewable energy and save money on utility bills
  • Connected devices enable smarter use of energy

In addition to the energy benefits directly received from the latest product offerings of Ford, Eaton, SunPower and Whirlpool, the widespread deployment of smart meters (now in more than 40 million homes across the U.S.) enables households to take advantage of off-peak rates.

Utilities turning to off-peak rates

Most of today's residential electrical load on the grid occurs in the daytime hours. Electrical utilities need to ensure this daytime peak demand load does not exceed their supply capacity. Consequently, utilities in many parts of the country offer reduced energy rates for off-peak usage as a way to incentivize customers to shift their usage patterns to nighttime or early-morning hours. Discounted off-peak hours are typically between 12 a.m. and 5 a.m. Off-peak pricing is normally around half as much as on-peak, but peak pricing can be as much as 10 times higher than off-peak in some parts of the country.

Examples of household electrical loads that could be shifted to off-peak hours via an automated or controlled mobile app include charging a plug-in vehicle, running a dishwasher, running a hot water heater, running the refrigerator's defrost cycle and ice-making.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,294.50 -12.67 -0.08%
NASDAQ 3,459.42 -3.88 -0.11%
S&P 500 1,650.51 -4.84 -0.29%
US 10 Yr 2.023% -0.003

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs