Honeywell and Opower are currently testing the platform in a trial with Pacific Gas and Electric Company (PG&E), one of the largest utilities in the U.S., serving customers in northern and central California. As part of the trial, Honeywell and Opower are recruiting participants and installing more than 500 free thermostats to validate energy savings.The goal is to gauge customer acceptance of and experience with the technology. The program is also intended to confirm the savings that are realistic for customers in PG&E's diverse service area against the hypothesis that the thermostat and app will help save up to 5 percent of whole-house electricity and gas use. The trial will conclude in the first quarter of 2014, but PG&E has garnered initial findings, which were published in a recent report. So far, customers find the technology accessible and intuitive, and use it to actively manage comfort and consumption.
Honeywell And Opower Technologies Link Utilities And Homeowners To Trim Consumption, Stabilize Power Grid
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.