Opower (NYSE: OPWR), the global leader in cloud-based software for the utility industry, today announced that it has achieved a major milestone: Opower's technology platform has saved over eight terawatt-hours (TWh) of energy across nearly 100 utility deployments worldwide.

"This milestone is a tribute to the incredible work of our utility partners," said Dan Yates, Opower CEO. "Saving eight terawatt-hours is proof of the kind of results that scaled technology and personalized energy insight can deliver for utilities, customers and the environment."

Opower has continued to invest in its technology platform to drive greater outcomes at scale for utilities and their customers. Saving eight TWh's is equivalent to:
  • Over $1 billion in bill savings for utility customers;
  • Taking more than 1.1 million cars off the road for a year; and
  • The energy needed to power all the homes in New Mexico or Rome for a year.

Some of Opower's largest energy saving programs include Pacific Gas & Electric, ComEd and National Grid Massachusetts. In the last twelve months alone, Opower and its partners have saved three TWh's of energy - more than twice as much energy as America's largest residential solar company produced over the same time period.

Opower's utility programs have been deployed by more than 95 utilities worldwide and reach more than 50 million homes and businesses. Opower provides the industry's leading customer engagement platform, designed specifically to support utility demand-side management and customer care initiatives. Opower's software delivers a range of benefits for utilities, including cost-effective energy efficiency savings, daily and seasonal peak reductions, increased customer satisfaction and engagement, and lower cost-to-serve.

About Opower

Opower (NYSE:OPWR) is an enterprise software company that is transforming the way utilities engage with their customers. Opower's customer engagement platform enables utilities to reach their customers at moments that matter through proactive and digitized communications that drive energy savings, increase customer engagement and satisfaction, and lower customer operation costs. Opower's software has been deployed to more than 95 utility partners around the world and reaches more than 50 million households and businesses. For more information, please visit www.opower.com and follow us on Twitter at @Opower.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding benefits from the use of Opower's solutions. Any statements in this press release about future expectations, plans and prospects for Opower represent the Company's views as of the date of this press release. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. While the Company may elect to update these statements at some point in the future, the Company specifically disclaims any obligation to do so.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150521005160/en/

Copyright Business Wire 2010