Homes using EcoFactor for controlling their heating and cooling have seen on average a 17 percent reduction in energy use, the company announced Thursday.
In conjunction with local utilities and home service providers, Silicon Valley-based EcoFactor collected data from homes in both pilot and commercial programs using two-way thermostats connected to the company’s software platform.
EcoFactor’s software collects over 24,000 pieces of data daily to profile a home’s thermal characteristics. It monitors things like weather forecasts, and the home’s temperature and its HVAC (heating, ventilation and air conditioning) system, then mathematically analyzes the most opportune way in which the thermostat should be set or changed throughout the day in order to keep the home at a desired temperature while using as little energy as possible.
The software platform works with any two-way thermostat; that is, a thermostat with an internet connection so that it can send and receive data with EcoFactor as well as collect data from the home.