Currant has just launched a brand new smart plug. It's the WiFi Smart Outlet, which costs around $60. That is substantially more than most other smart plugs on the market right now. But there is a good reason for that. Currant is using artificial intelligence in this smart plug to help save you money on energy costs, and cut down on energy waste. It will use artificial intelligence to identify usage patterns and then suggest changes to how you use what is plugged in, to lower your energy costs. Which is going to result in a lower energy bill. Not to mention, it'll be better for the environment.
With the included app, Currant allows users to monitor their energy usage, so you can see what is using energy and how much energy is being used. It will also give you the cost by hour, day, month and year. It does feature Bluetooth and WiFi connectivity, so that you can connect to your smartphone and control what is plugged in. Additionally, it supports Amazon Alexa and the Google Assistant, so you can control it with your voice. Most people have a lamp plugged into a smart plug like this, so that you can use Alexa to turn off that lamp using your voice. Of course, you can also set up a schedule to have it turn off at a specific time.
Background: Smart plugs have been around for a while, and are an easy way for users to get into the smart home world. That is because they are usually pretty inexpensive, and will work on just about anything that needs to be plugged in. Smart plugs have pretty much always been able to track energy usage (except for the really cheap ones), but the difference here is that Currant is giving you a way to cut down on your usage and save money. That's something that other smart plugs don't do. Current is also offering up two outlets in one smart plug, instead of needing to buy two for each wall receptacle. So while the $60 for this smart plug may seem like it is double the price of something from Amazon, TP-Link or Wemo, it's actually about the same price.
Impact: While many love smart home products for how easy they are to use, and being able to control everything using your voice or through an app. One of the big things that people love about smart home products is them saving money. Smart thermostats are pretty popular for this feature, as it is able to keep the home the same temperature all day, while outside temperatures may fluctuate. But now that we are starting to see this crop up for other smart home products, it's going to mean good things, especially for those that are looking to save some cash on their electric bill. Currant says that Americans spend about $19 billion on energy, that is essentially wasted. And Currant wants to help. It's unclear how long it may take you to make your money back on each smart plug here, but it shouldn't take long, if it works as advertised. You can purchase the new Currant WiFi Smart Plug from Amazon using the link below.