A 284L (75 gallon for the metrically-challenged) stores over 16kWh of energy when water is warmed from 10C to 50C. At a cost of around $450, the $28/kWh cost of using water to store energy beats battery options like the Tesla Powerwall by more than an order of magnitude.
<a href="http://ecoralph.blogspot.ca/2011/04/saving-with-timers.html">Existing timers</a> don't adjust for daylight saving time, and don't allow using cheap off-peak power during holidays. With increased use of renewable power like wind and solar, surplus power has become available outside the traditional nights and weekends. Some utilities have started using <a href="https://www.nema.org/Policy/Energy/Smartgrid/Documents/VoltVAR-Optimazation-Improves%20Grid-Efficiency.pdf">voltage optimization</a> for grid demand management. Intelligent switches that respond to these voltage changes would allow for a more adaptive grid and more effective use of renewable energy.
Components
1×
16x2 LCD
2-line x 16-character LCD display with HD-44780 controller
I plan to use either an AVR or esp8266 controller. While the esp8266 would make it easy to keep time using NTP, it wouldn't work well for seasonal residences without a permanent internet connection. For software, avr-libc has time functions that would simplify DST and holiday calculations. AVRs have better ADC, which could be useful for supporting temperature sensor inputs.
I plan to use either an AVR or esp8266 controller. While the esp8266 would make it easy to keep time using NTP, it wouldn't work well for seasonal residences without a permanent internet connection. For software, avr-libc has time functions that would simplify DST and holiday calculations. AVRs have better ADC, which could be useful for supporting temperature sensor inputs.