Honeywell and Opower, the nation’s leading energy information provider, announced plans to jointly develop energy management tools to help consumers cut their energy use and expenses. The companies will combine Honeywell’s expertise in residential automation and control systems with Opower’s industry-leading energy data analytics and customer engagement techniques to create intuitive, reliable and cost-effective technology that will provide energy savings in the home and across the entire electrical grid.
The initial platform from the companies includes a Web-connected programmable thermostat to help utilities boost energy efficiency programs, driving deeper savings in the home and maximizing return on investment. The technology will measure, analyze and report homeowners’ electricity use, including detailed information from the thermostat, which controls heating and cooling systems – equipment that accounts for almost 50 percent of all residential energy consumption. Utility customers will be able to access the data from a Web portal or mobile application to get a clear and comprehensive snapshot of their energy use and spending.
Honeywell and Opower plan to pilot the new product with select utility partners over the next few months. Honeywell also plans to sell similar technology through residential contractors and retailers in the future.
For more information, read the press release.
