Span Stock

Smart energy is the next phase of energy efficiency for homes. New products, using Wi-Fi or Bluetooth connections, enable homeowners to monitor and control the circuits of their electrical panels via an app on their phone. This allows for the switching on or off of circuits, monitoring of each circuit's energy usage and setting of automations. The technology works particularly well with solar panels and batteries, allowing for more efficient energy usage and cost savings.

Span, a start-up founded by a former Tesla engineer, is reinventing the home electrical panel to give homeowners control over their energy consumption. The Span panel measures each circuit in a home and connects to an app that shows the source of a home's power. The company hopes to have its product in 10 million homes by the end of the decade, despite its $7,000 price tag. Span has raised over $230 million from investors including Wellington, Wireframe Ventures, and Amazon's Alexa Fund.

Smart-electric-panel startup Span has raised $96m in funding to expand its home electrification services. The company aims to enable homes to ditch fossil fuels by offering digital monitoring and control of electricity through circuit breakers and household wiring. The funding will help Span expand its product categories, enable more homes to electrify and improve customer access to products through new partnerships. The company has a target of electrifying one million homes over the next decade in partnership with appliance-maker Kenmore.