Sept. 23, 2011: Honeywell and Opower to Jointly Develop Energy Management Tools
WASHINGTON — Honeywell and Opower have announced plans to jointly develop energy management tools to help consumers cut their energy use and expenses. According to the companies, they will combine Honeywell’s expertise in residential automation and control systems with Opower’s energy data analytics and customer engagement techniques to create cost-effective technology that will provide energy savings in the home and across the electrical grid.
Honeywell and Opower will initially launch a platform that includes a Web-connected programmable thermostat to help utilities boost energy efficiency programs, and drive deeper energy savings in the home. The technology will measure, analyze, and report homeowners’ electricity use, including detailed information from the thermostat, which controls the heating and cooling system — equipment that accounts for almost 50 percent of all residential energy consumption, noted the companies.