ABB, a global technology leader in electrification and automation, is investing in Lumin, a U.S.-based energy management company, to enhance residential energy management in North America.
The collaboration combines Lumin’s responsive load control software with ABB’s electrical distribution portfolio, aiming to develop accessible and sustainable energy solutions for homeowners. This initiative is crucial as the residential sector accounts for 21% of total annual energy consumption in the U.S.
Lumin’s innovative platform allows electrification upgrades without changing the home’s electrical panel, providing insights into consumption data and supporting the energy transition. The partnership aligns with ABB’s commitment to meeting the increasing demand for flexible and affordable home energy solutions.
The strategic investment, led by ABB, will bring new smart and sustainable technologies to North American homes, with the first joint offering expected in early 2024. This collaboration emphasizes ABB’s dedication to supporting decarbonization, energy efficiency, and a more sustainable future.
As part of ABB’s broader ecosystem of innovation partners, this investment reflects a commitment to driving industrial transformation through electrification, automation, and innovation.