EcoFactor Home Energy Management a Key Component of National Grid's Smart Grid
REDWOOD CITY, CA -- (Marketwire) -- 01/28/13 -- EcoFactor(R), 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
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
"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
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
"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 h
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.
+1 (650) 716-4760 Ext. 1028
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