11/14/2025
Key Milestone Achieved: Over 30% Reduction in Energy Waste & Cost Through Real-Time Behavioral Insights
When iFormit began developing its second prototype in 2019, the multi-protocol Intelligent Meter Interface Device (iMID), in collaboration with the NSCC Applied Energy Research Lab, our mission was clear: make energy visible, understandable, and actionable for everyone.
Even through the challenges of COVID-19, our vision stayed firm, to empower consumers with real-time insights that their meters can’t show, instantly, in their own currency value, right from their living room.
We identified three key users:
1. Utilities – facing capital-intensive infrastructure upgrades.
2. Small Rental property owners – long excluded from sub-metering but responsible for over 40% of utility waste.
3. Everyday consumers – 99.9% can’t interpret the data behind their energy costs that negatively impact their hard-earned income.
With limited resources facing startups in deep tech, but strong ecosystem support, from Nova Scotia Community College - NSCC, Invest Nova Scotia, Dalhousie Emera ideaHUB, Tribe Network, Volta, ISANS, ACOA - APECA, Springboard Atlantic Inc., Net Zero Atlantic, and others, we are turning challenges into innovation.
Our Achievements:
1. Built the first-of-its-kind unit-splitting system, enabling landlords to install Measurement Canada–approved meters for each tenant.
2. Developed a real-time web app, showing users exactly what’s driving their energy use, and how much it costs.
3. Helped early adopters reduce over 60,000 kWh of waste, saving $12,000 across 12 tenants and cutting ~40,000 kg CO₂ within 12 months.
4. Learned that consumers care about cost, not usage, inspiring our next step, a voice-enabled indoor display system that drives behavioral change through instant energy insights.
Beyond savings, iFormit is building the foundation for households to become prosumers, managing solar, EVs, and battery storage (DERs) to optimize energy by storing energy when prices are low and exporting back to the grid during peak demand.