Honeywell, Opower to empower homeowners
More and more homeowners are becoming familiar with smart meters, which utility companies are installing on homes to better monitor energy usage.
But now Honeywell is teaming up with Opower, an Arlington, Va. provider of energy information software, to create smart thermostats to help homeowners keep track of their energy use and save money. Here’s more from a press release that Opower released this week:
Honeywell and Opower 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.
Honeywell and Opower will initially launch a platform that 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. The technology will also suggest and automatically implement cost-saving changes, and will present equivalent data from similar families in the same geography to provide a benchmark and additional context.
“Empowering consumers to adjust how they use electricity starts with awareness,” said Jeremy Eaton, vice president of energy solutions for Honeywell. “But it doesn’t end there — they also need easy-to-use controls to implement changes and make them stick. We believe Honeywell and Opower will successfully combine information, motivation and control to help homeowners reduce energy consumption and costs.”
The companies plan to pilot the new product with select utility partners over the next few months.”