Machine maintenance is important for improving machine uptime and reliability, and for reducing costs. Grease is used in most rolling element bearings, and one common failure criterion is water contamination, so developing a sensor that can detect water content automatically without human input could be a useful endeavor. The temperature dependence on the dielectric properties of water-contaminated grease is investigated in this article with computer logged instrumentation. This method has been termed dielectric thermoscopy (DT). Several off-the-shelf (two lithium, one lithium complex, and two calcium sulfonate complex) and one unadditivized lithium grease are tested with varying amounts of water contamination from 0% to approximately 5%. Another grease is tested with small increments of added water from 0% to 0.97% to test the resolution of the measurement. The purpose is to use the capacitance temperature slope (termed dielectric thermoscopy) to show correlations to the water content of the grease sample and investigate whether any grease types will pose problems in the measurement. A small, custom-made fringe field capacitance sensor with an integrated temperature sensor has been used for this characterization, and data are logged automatically with laboratory equipment and a personal computer (PC). A useable and positive correlation to water content and the DT measurement of roughly 0.5 pF per 10 °C and percentage of water was found, although it was found that some greases have different behavior than others.