The Electric Power Research Institute’s (EPRI) Incubatenergy Labs program today announced Copper Labs, a company offering wireless real-time energy management (WREM) solutions, was selected as one of 20 startup companies that will conduct accelerated demonstrations of their technologies with utilities and EPRI as part of Incubatenergy Labs’ 2021 Cohort.
24 Colorado companies were approved to receive Proof-of-Concept and Early Stage Capital and Retention grants, which fund companies commercializing innovative technologies to create viable products that meet a market need and can be created or manufactured in Colorado and exported globally.
One Colorado company – Copper Labs – successfully met all of its performance milestones and was approved for $100,000 of second-round or “transition” funding.
The internet of things (IoT) is a megatrend influencing nearly every industry, and few more so than energy utilities. The confluence of reliable, low-cost wireless technology, greater industrial automation, and data analytics is leading to a more responsive energy grid that lowers costs for both utilities providers and consumers.
Copper Labs, based in Boulder, Colorado, is one company helping make this trend a reality. Founded by IoT veterans, the startup is giving energy a voice through user-friendly energy monitoring devices.
Copper Labs was among the 24 Colorado start-ups approved for funding this year as part of the Colorado Office of Economic Development and International Trade (OEDIT)’s Advanced Industries Accelerator Grant Program.