PowerIQ

PowerIQ is a company focused on enhancing electric appliances with power grid intelligence. The company's solution aims to create a new generation of empowered appliances that offer multiple benefits, including cost savings on electricity and reduced CO2 emissions. PowerIQ's technology is designed to address the growing global power demand, which is predicted to increase by over 60% in the next 30 years. The company's approach goes beyond traditional smart devices, such as smart outlets and plugs, which it considers insufficient for managing the massive load on outdated and struggling power grids. Instead, PowerIQ's technology creates what it calls "green appliances" that help increase renewable energy usage. By focusing on this sector, PowerIQ positions itself within a rapidly growing market that it considers one of the most promising business areas for the future.