A new Kickstarter campaign for a smart water heater that could cut energy use by 40 percent and water use by 10 percent compared to conventional water heaters has already gotten close to its $125,000 goal after only a few days on the site. The compact water heater, measuring only 12.5 inches by 6.5 inches, is called the Heatworks MODEL 1 and has Wi-Fi compatibility so that temperature, duration and power levels could all monitored and controlled remotely.
ISI Technology, the creator of the Heatworks MODEL 1, says that the water heater is 99 percent efficient. According to the Kickstarter page, it "uses state of the art electronic technology to directly energize and heat the water molecules, rather than heating the water with old-school resistance heating elements. The MODEL 1 eliminates all failure modes of conventional water heating technology and provides more features at the same or less cost."
Depending on the size of your home, one or more units can be installed and controlled individually, so that the water destined for cleaning dishes could be set at a hotter temperature than for the shower. The technology also works with low-flow faucets, heating water almost instantly even at flow rates of 0.1 gallons per minute.
If the funding goal for producing the water heater is met, the MODEL 1 will have a retail price of $395, but people who pledge $250 will get a unit from the first production run.
Watch a video on the technology below.