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Smart thermostats are taking over Las Vegas, and that’s a good thing

Date: 11/13/2012

Company: EcoFactor

Source: GigaOm

After testing out EcoFactor’s smart cloud-connected thermostat service in Las Vegas, Nevada utility NV Energy is now mass deploying the energy efficiency service throughout Sin City. The initial pilot project showed that EcoFactor’s service can cut homes’ cooling costs by 13 percent during the blazing Summer months, and can shave off 3 kilowatts of energy per home when the utility needs it.

EcoFactor has developed smart algorithms that can control connected thermostats to reduce a building’s overall energy consumption. The system learns the customer’s behavior and can shave off energy consumption without the occupant really knowing. The service can also enable utilities to practice what the power industry calls demand response, where during peak energy usage hours of the day (like a hot summer day) a utility can turn down the energy use of amenable customers.

NV Energy is offering the efficiency service to its customers under the mPowered brand, and those customers can see reduced energy bills. EcoFactor is supposed to enable NV Energy to cut a minimum of 20 MW in Las Vegas market during the first phase of the mass deployment.

Read full story at GigaOm

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