HOUSTON -- (BUSINESS WIRE) -- Lowfoot, Inc. has established its US operations headquarters in Houston, Texas as part of its continued international expansion. The Toronto-based company is a leader in providing improved use of smart meter data for consumers and retail energy providers (REPs), as well as Municipal, Cooperative and Investor Owned Utilities. Its patent-pending proprietary software is able to analyze data from smart meters, aggregate it and help REPs reduce energy consumption during peak times and mitigate wholesale energy price spikes.
“Texas is one of the top ranking states for adopting performance enhancing technologies and is now engaged in the pursuit of energy efficiency through technology and innovation. Lowfoot fits with the state’s entrepreneurial spirit and drive to reduce costs and improve operations,” said Philip Playfair, founder and CEO of Lowfoot. “We have tapped into the vibrant Texas talent pool and are receiving a very positive response from market participants,” he added.
Lowfoot enables REPs to improve customer engagement through sharing smart meter data in a friendly format, including online and on mobile devices. Lowfoot’s technology gives REPs and utilities the ability to influence and shift peak energy usage. The Lowfoot tool set offers a critical capability for REPs as the cap on wholesale electricity moves from $4,500 a megawatt in 2013 to $9,000 in 2015.
Lowfoot technology is also available for non-profit and member organizations. Its unique smart meter data and member management tools allow organizations to quickly establish the means to breathe new life into their fundraising campaigns.
Founded in 2009, Lowfoot is a privately held corporation with headquarters in Toronto, Canada. It also has member participation in California, Canada, Europe and Texas. Lowfoot is a rapidly growing provider of innovative solutions for the utility industry. Its business objective is to lower peak usage in order to limit the need for “peaker” power plants and save billions in capital expenditures over time.