ThinkEco just announced that it's taking orders from business clients for its flagship product called the Modlet, which is short for modern outlet. Modlet is a smart outlet that monitors power usage and disconnects from the power to save energy when the plugged-in gadget isn't in use.
In other words, Modlet was designed to help reduce and prevent plug-load electricity waste. The smart outlet requires no time to install and a network of Modlets can be monitored for real-time consumption data, according to ThinkEco.
ThinkEco says companies that install Modlets site-wide can achieve reductions of anywhere from 35-80% in power consumed by each plugged-in device, resulting in up to a 10% reduction in overall electricity costs.