×

SunPort Solar Demand Device Raises 160% of Kickstarter Goal for Total of $120,599

ALBUQUERQUE, NM, Aug. 31, 2015 (GLOBE NEWSWIRE) -- The new SunPort Internet of Things (IoT) smart device surpassed its Kickstarter goal to raise a total of $120,599. Over 1,676 backers helped SunPort reach its goal on August 20, and surpasse it to a total of 160% of its $75,000 goal by the time the campaign ended on August 27. In addition to the funds, SunPort's Kickstarter exposure has opened up new avenues for collaborations with a variety of Fortune 500 corporations, sustainability minded cities and NGOs to explore new applications for the SunPort.

"The amount of support from our fans and backers has been overwhelming," said SunPort inventor Paul Droege. "Less than 1% of Americans currently participate in solar directly, despite its popularity. With the SunPort the other 99 percent can consume solar energy, even if they can't become producers themselves. Surpassing our goal shows us the demand for solar energy if strong, if people have an easy way to consume it."

By plugging in a SunPort between any electrical device and any wall outlet, anyone can become a user of solar energy. It works with a smart phone app to track the energy used and refills the SunJoule microcredits when needed. The SunPort upgrades the grid energy consumed through the outlet by tracking the amount of SunJoule microcredits needed to match that energy use. SunJoules are microcredits derived from the Solar Renewable Energy Certificates program developed by the US Department of Energy. SunPort works with a non-profit called ReChoice to purchase the SunJoules, and those proceeds help fund new solar project given to other non-profits at no cost.

"The SunPort operates sort of like an ATM for solar energy," continued Droege. "When you take money from a regular ATM, the bank's system matches your cash withdrawal back to your account. Who held the cash before it arrived at the ATM doesn't matter. You get your own money from the ATM, not because of the particular bills or how they got to the ATM, but because the bank's accounting system matches the transaction to your account. In the same way, SunPort's platform guarantees the power you use with it is real solar, not by tracking particular electrons or controlling grid power flow, but by matching your electricity to a real solar source using SRECs."

Because it is impossible to differentiate the source of electrons flowing through the electrical grid, it is SunPort's tracking platform that makes the solar energy available without the use of solar panels. By using a SunPort, users can increase market demand for solar by consuming standard electricity while automatically matching it to solar credits at the same time. While using the SunPort is not free, the cost of a solar upgrade is very small, due to the low cost and large size of SRECs. As an example, anything plugged in (up to 10 amps) can be upgraded to solar for under $2.00 a month. Backers of the Kickstarter campaign will receive one year of unlimited SunJoules to use with their SunPort devices, which are expected to be shipped in the Spring of 2016.

Funds from the Kickstarter campaign will help fund a consumer friendly user interface for the smart phone app, as well as gamification features to enhance user engagement and transparency features to add greater social and community visibility. Additionally, final safety testing and certification will also be funded from the proceeds of the campaign.
For more information on SunPort, please visit www.sunport.co.

ABOUT SunPort



SunPort makes solar energy easy and affordable with a plug-in smart device and a platform that can bring solar to millions of users, without requiring panel ownership. The platform allows people to use solar energy anytime, anywhere, while also funding nonprofit solar projects through an included dollar-for-dollar match. SunPort's technology has already been used to power music festivals, video productions and high end hotel rooms. The free SunPort app will enable users to engage with each other, discover their impact and share with others to help change how we all use power. To learn more, visit www.sunport.co

A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=35679

CONTACT: Technica Communications Lisa Ann Pinkerton lpinkerton@technicacommunications.com 408-806-9626Source: PlugSolar