This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Google's Set on Googling Through Your Home

NEW YORK (TheStreet) -- There has been a lot of activity in the gesture recognition technology space. From Google recently buying Flutter, to Intel gobbling up Omekover the summer, one thing for sure is: this space is getting a lot of attention.

This has me thinking the gaming world, Microsoft's Kinect-style gesture features, and the motion sensor universe, could collide to play a vital role in how residential lighting and ventilation are utilized. Could that be some of the logic behind the Flutter acquisition?

Google has already invested over $1 billion in alternative energy, so it may be reasonable to think the company could be trying to enter the home energy management world after seeing the recent success of Nest's Learning Thermostat.

Considering Nest (which originated from Tony Fadell -- creator of the Apple iPod and iPhone) is now moving into fire detection, the potential for software in the home is certainly being validated. Google.org did create PowerMeter, a free energy monitoring tool to help people access their personal energy data. The company actually shut down this offering two years ago, but said it would "look forward to what will develop next in this space".

My hypothesis is that Google still sees opportunity to help people save energy, and gesture technology could be a disruptive way to accomplish that goal. Considering Google is supporting kite power, driverless vehicles, wind power, solar power -- and more -- the company could perhaps look at gesture technology as the game-changing innovation that allows them to once again get back into the home energy management market in a big way.

I've been advocating that the future of energy will be led by Big Tech, not Big Oil. Apple hasn't yet entered the gesture market, but TechCrunch recently said rumors are swirling that it may. So while Intel has had a big heads-start in the energy management business, we may be seeing signs that soon read "Google Inside."

Anyway, the gesture move by Google could in fact be aimed solely at Glass and further penetrating a virtual computing experience seen already through Androids facial recognition and gesture search, but I wanted to share my thoughts on the move, especially since there is a growing belief the U.S. home energy management market could be a multibillion dollar business within four years.

-- By John Licata of Blue Phoenix in New York.

At the time of publication, the author had no positions in the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.



John Licata is the founder & chief energy strategist of New York based independent research company Blue Phoenix. He is the author of Lessons from Frankenstorm: Investing for Future Power Disruptions. His ability to cross-pollinate idea generation and analysis of both traditional and unconventional global energy markets has been documented in the global media for north of a decade. Prior to launching Blue Phoenix in 2005, John held research and trading positions at Dow Jones, Salomon Smith Barney, BrokerageAmerica and on the floor of the New York Mercantile Exchange (NYMEX).

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,048.44 +69.31 0.41%
S&P 500 1,991.30 +4.79 0.24%
NASDAQ 4,526.1550 -0.3270 -0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs