American Efficient Emerges From Stealth, Empowering Consumers to Fight Climate Change
“The residential sector makes up 21 percent of all carbon emissions in the United States, and emissions are only going to increase if we continue on the current trajectory,” says Ross Chanin, Founder and CEO of American Efficient. “Most Americans believe that we are stuck looking to elected officials and legislative action as the only mechanism for change, but that’s simply not true. In reality, consumers like you and me hold significant power in changing the course. I started this company to help us take command.”
Almost half of all Americans live in electric choice states in which residents can switch to 100 percent renewable power in minutes, and people everywhere can choose to buy energy efficient products for their homes. The innovation behind American Efficient is building an approach that generates mass adoption of renewable power and energy efficient products by communicating with consumers via preexisting, trusted networks.
In this respect, American Efficient leads the rising wave of “cleansoft” companies, which are designed to deploy software and business model innovations rather than longer-cycle, new infrastructure to help green our energy system.
Welcome to Clean Choice: Helping Consumers Purchase Renewable Power via Local, Trusted Networks
Sean Schickedanz, Managing Partner of Clean Pacific Ventures and an investor in American Efficient, considers the core problems related to consumer adoption of renewable power to be those of product branding and consumer trust – problems that can be solved with cutting-edge software and marketing efforts, rather than long-cycle infrastructure plays.
“Most people either don’t know that they can switch to renewable power or, in the event they’ve been marketed to, think it’s just too good to be true. A company that bridges that gap and does so in a market of this size creates considerable value,” says Schickedanz. Residential energy bills in electric choice states total $42 billion annually.
Activated by American Efficient’s growing network of retail businesses such as grocery stores, coffee shops, and restaurants, Clean Choice funds gift cards to retail businesses in its network as a reward for when their customers sign up for renewable power.
Clean Choice is already live in retail locations across Baltimore, Washington DC, Philadelphia, Pittsburgh, and New Hampshire, and is adding new locations daily.
Moving to Dreamstreet: Helping Consumers Research Energy Efficient Products At Exactly The Right Time
American Efficient will deliver Dreamstreet as a co-branded offering to consumers in partnership with regulated utilities and competitive power suppliers—utilities and suppliers that maintain preexisting relationships with 120 million U.S. households. Through these relationships, Dreamstreet will anticipate the need to replace an aging appliance, television, or HVAC system before a problem arises. The platform will then communicate this upcoming need to consumers, arming millions with the ability to consider the cost-savings of buying energy efficient at exactly the right time.
Dreamstreet launched this week across 2.2 million households in the State of Maryland in partnership with Baltimore Gas & Electric, Delmarva Power, PEPCO Maryland, Potomac Edison, and the Southern Maryland Electric Cooperative.