Tag Archives: home energy management

CenterPoint Energy Demand Response Wins National Award

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Recognized for Outstanding Achievement in Pricing & Demand Response by AESP

Redwood City, CA — 5 February, 2016 – EcoFactor, Inc. is pleased to announce that CenterPoint Energy Houston Electric’s residential demand response program has received the 2016 award for outstanding achievement in pricing and demand response from the Association of Energy Services Professionals (AESP). The award honors individuals, teams or organizations that represent excellence in designing and implementing an energy services program. This marks the second consecutive year an EcoFactor-powered demand response solution has been recognized with this award from AESP. Last year, NV Energy’s mPowered program took home the same accolade.

Beginning in 2014, CenterPoint Energy Houston Electric, EcoFactor, and Comcast partnered together to deploy the award-winning residential demand response program. EcoFactor and Comcast helped CenterPoint realize the load shed potential of existing smart thermostats in its territory during peak hours by leveraging EcoFactor’s real-time, personalized demand response platform in concert with existing Xfinity Home thermostats. The innovative program design allowed hundreds of homes to participate in CenterPoint’s peak energy events without any additional hardware installation, facilitating increased energy savings for customers and demand side management for CenterPoint at minimal logistical effort.

This second consecutive award further validates EcoFactor’s demand response solution. EcoFactor’s industry leading demand response programs continue to set high water marks in program participation, load shed, and customer satisfaction. EcoFactor CEO Shayan Habib commented “It is a big honor for us to see an EcoFactor powered program receive this award again. We are constantly striving to provide our customers with solutions they can be proud of and are very pleased we could accomplish this with CenterPoint.” 

About EcoFactor
EcoFactor is transforming how homes use energy by applying advanced analytics and automation to connected devices in the home. EcoFactor’s cloud-based application actively manages thermostats on occupants’ behalf in intelligent ways that improve comfort while helping them save time, energy and money. Utilities, home service providers and homeowners rely on EcoFactor for demand response, energy efficiency, and HVAC performance monitoring services. For more information, visit www.ecofactor.com.

Media Contact:
Matt Hepworth
pr@ecofactor.com

EcoFactor Adds to Growing IP Portfolio with 20th U.S. Patent for Home Energy Management Services

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REDWOOD CITY, Calif. – July 22, 2014 – EcoFactor®, the leader in cloud-based home energy services, was awarded U.S. Patent 8,751,186 for the use of connected thermostats to calculate the dynamic thermal properties of buildings. It is the 20th patent EcoFactor has received for its award-winning approach to energy management and intelligent home automation.

EcoFactor’s latest patent further extends its coverage of key technologies involved in the use of big data to manage energy use and improve home automation. EcoFactor has also received patents for its pioneering advances in areas including:

  • Geolocation: the use of location-based information from smartphones and other mobile devices to help consumers automatically reduce energy use when they are away from home and adjust to a more comfortable setting when they arrive.
  • HVAC Performance Monitoring: use of thermostat data to evaluate changes in the operational efficiency of an HVAC system over time and identify HVAC system faults and fault trends.
  • Plug-in HVAC: extends the energy efficiency and savings benefits of EcoFactor’s cloud-based home energy management system to plug-in air conditioners and space heaters.

“EcoFactor has invested heavily in technologies that have now been proven in the real world to deliver triple-digit annual savings for consumers, industry-leading demand response, and high customer satisfaction,” said Roy Johnson, EcoFactor CEO. “Each patent is another indication of the innovation and creativity of our team, and adds to EcoFactor’s value as a leading-edge home automation player.”

About EcoFactor:

EcoFactor’s cloud-based analytics platform unlocks the value of residential data to intelligently predict and automate energy savings for consumers. Patented software analyzes data from various sources such as network connected thermostats, weather data, and consumer interactions, and applies optimization algorithms tailored to the unique characteristics of individual homes and of homeowners.  Our residential energy services achieve maximum demand response load shed, delivers superior energy efficiency savings, and detects and prevents HVAC failures.  Our services are purchased by consumers through channel partners including Comcast, Reliant Energy, NV Energy, and Sacramento Municipal Utility District.  Based in Redwood City, California, EcoFactor is privately held and funded by Claremont Creek Ventures, RockPort Capital Partners, Aster Capital and NRG Energy, Inc. For more information: www.ecofactor.com.