|[May 07, 2013]
Nest Acquires MyEnergy
PALO ALTO, Calif. --(Business Wire)--
Nest Labs, Inc. (www.nest.com)
today announced that the company has acquired MyEnergy to further Nest's
goal of helping people understand and address home-energy consumption.
The acquisition also accelerates Nest's services for energy providers,
giving them a cost-effective way to share data with their customers.
MyEnergy has users in all 50 U.S. states and spans more than 1,500
utility territories, allowing people to track their electric, gas, and
water usage in one place online.
"Giving our customers more in-depth access and analysis of their energy
usage has always been part of the Nest vision," said Tony Fadell, Nest
founder and CEO. "We've made great strides in the past year and a half;
by bringing MyEnergy into the Nest family, we can reach our goals even
faster. The MyEnergy team is incredibly like-minded and we've already
begun working with them to find ways to integrate their technology into
MyEnergy is an online service that allows you to gather all of your
utility usage and bills in one place, and lets you compare them with
your friends and family. You can see the evolution of your usage and
costs month over month, year over year, and can compare your performance
to other homes in your neighborhood. For energy providers, MyEnergy
offers an affordable and modern online solution for customer engagement
that's easy to implement across organizations of all sizes and doesn't
require any smart grid technology or smart meters for adoption.
"With less than 25 percent of the U.S. population connected to the smart
grid, we've focused on developing technology that makes it easy for
people to access the information they need to make decisions about their
energy use," said Ben Bixby, co-founder and CEO of MyEnergy. "We're
excited about the opportunity to join Nest to continue giving people
useful, actionable information."
To learn more about MyEnergy and to sign up for the service, visit www.myenergy.com.
Nest is focused on addressing home-energy consumption with elegantly
designed solutions, including the Nest Learning Thermostat and Nest
Energy Services. Nest thermostats are installed in 80+ countries and
have helped save more than 750,000,000 kWh of energy to date. Founded by
Apple (News - Alert) alums Tony Fadell and Matt Rogers, Nest is privately funded and
based in Palo Alto, Calif. For more information, visit www.nest.com.
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