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.
Opower (NYSE: OPWR), the global leader in cloud-based software for the utility industry, today announced that its platform has surpassed 500 billion meter reads. With over 40 percent of all residential energy consumption data in the U.S. and nearly two-thirds of AMI data, Opower's analytics platform processes more household energy data than any other company on earth. Beyond providing a significant competitive advantage, the scale of Opower's big data platform positions the company to help utilities deliver modernized and engaging customer experiences. "Passing 500 billion meter reads is an important milestone for Opower, because it shows that we are widening our data lead in the utility space," said Dan Yates, CEO and co-founder of Opower. "No one comes close to handling the scale of information that our systems process on a daily basis, and it's access to this huge quantity of data that enables us to help utilities give their customers customized insights about their energy use." Opower's industry-leading platform - Opower 6 - uses energy data from more than 57 million customers aggregated from more than 95 utilities across 4 continents. It supports a full suite of customer-facing applications, integrates seamlessly and securely with legacy systems, and drives critical business outcomes for utilities. Utilities choose the Opower platform for its innovation — offering the speed, efficiency, and extensibility of the cloud, and giving utilities access to constant innovation at every customer touchpoint. 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 57 million households and businesses. For more information, please visit www.opower.com and follow us on Twitter at @Opower. Forward-looking Statements