|By Marketwired .||
|January 28, 2013 11:00 AM EST||
REDWOOD CITY, CA -- (Marketwire) -- 01/28/13 -- EcoFactor®, the leader in predictive cloud-based services for home energy management, will be deployed as part of a comprehensive 15,000 home National Grid smart grid pilot program. The National Grid pilot is focused on helping participants save energy by giving them better control over their usage.
The pilot includes communicating thermostats that will be optimized by EcoFactor's big data analytics and predictive cloud-based software for demand response (DR) and energy efficiency. EcoFactor's patented approach to DR events includes pre-cooling strategies individualized for each home. By banking cool air ahead of high demand periods, EcoFactor maximizes the load shed while maintaining high levels of occupant comfort.
"We are excited to have EcoFactor on board as we move forward in delivering exceptional benefits for customers as part of the pilot," said Cheri Warren, vice president, Asset Management for National Grid. "EcoFactor brings to the table expertise in cloud-based services that will help facilitate in-home solutions for pilot participants."
EcoFactor will track energy savings throughout the pilot and provide National Grid with a series of reports that accurately measure results. Reports will include the exact run time of the HVAC units in each home, and the details of specific DR events, such as customer usage options.
"We are very pleased to be a recognized member of National Grid's important new pilot program," said Roy Johnson, CEO of EcoFactor. "EcoFactor's open architecture is hardware agnostic, allowing for easy integration that is both proven and secure, through solutions such as Ceiva, for in-home connectivity."
The pilot will test and deliver the energy system of the future to more than 15,000 National Grid customers in Worchester, Mass., and will be in full deployment in early 2014.
EcoFactor powers residential energy saving services through its integrated SaaS platform. Its patented big-data analytics and predictive algorithms generate double digit energy efficiency gains and markedly higher demand response yields. EcoFactor's software incorporates massive amounts of data, including a home's thermodynamics, family comfort preferences and local weather conditions, into machine learning algorithms. This provides optimal savings while maintaining the household lifestyle -- both critical components to ensuring consumer adoption. EcoFactor sells its SaaS services through channel partners including Comcast, Reliant Energy, NV Energy, SMUD and National Grid. Based in Redwood City, Calif., EcoFactor is privately held and funded by Claremont Creek Ventures, RockPort Capital Partners and Aster Capital.
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