Parks Associates has announced new home energy management data from its report, The Evolution of Home Energy Management, showing 70 percent of U.S. households with smart energy devices report saving money due to reduced energy consumption.
The U.S. Department of Energy (DOE) announced that its Better Buildings Home Upgrade Program Accelerator and Home Energy Information Accelerator are working with partners across the nation to make important progress in lowering the costs of energy upgrade programs, while improving overall program effectiveness.
Concerns surrounding climate change have continued to grow in recent years, driving government efforts and global initiatives, but for most Americans who plan to make their home more energy efficient in the next 12 months, the biggest motivator for making the changes comes down to the money it allows them to save.
The global home energy management system (HEMS) market is forecast to grow from $864.2 million in 2015 to $3.15 billion in 2022, increasing at a compound annual growth rate (CAGR) of 18.36 percent between 2016 and 2022, according to a new report published by MarketsandMarkets.
The New York City Council voted unanimously to pass a bill that encourages the installation of geothermal energy and requires that geothermal heat pumps be considered for all new construction and retrofits of city-owned buildings.
Home automation hardware, sold as stand-alone units, is forecast to exceed 300 million units by 2020, according to Juniper Research. This represents growth of more than 1,000 percent from an estimated installed base of 28 million units in 2015.
Schneider Electric has announced the launch of Wiser Air™, the company’s first Wi-Fi smart thermostat for residential consumers. The company said Wiser Air couples its energy management expertise with intelligent design and state-of-the-art technology to provide consumers with a tool that delivers energy efficient comfort.
According to ON World, safety and security products currently make up 30 percent of smart home devices. The fastest-growing product segments include video security cameras, smart doorbells, and smart smoke detectors, which together boast 162 percent sales increases when compared to 2014.
In an effort to quantify the health of municipalities nationwide, ACEEE released its State and Local Policy Database. The report includes comprehensive information on energy-efficiency policies currently implemented at the state and local levels and policy activity across multiple sectors, including government, utilities, transportation, buildings, combined heat and power, and appliance standards.