Opower Eases Into SMB Space
The Wall Street Journal is reporting that energy efficiency data firm Opower is moving closer to its Initial Public Offering,which was originally rumored in November 2013.
Opower has gained traction with its residential energy efficiency technology, and is now targeting more small business customers.
The company works with about 90 utilities worldwide to show homeowners how their electricity usage compares to their neighbors, and Opower provides suggestions for energy efficiency.
“Opower taps into the roughly $6 billion that US utilities spend on energy-efficiency programs annually,” states the WSJ.
Recently, Opower said it is expanding its small and medium business (SMB) line to deliver energy efficiency savings for three new utility clients, including National Grid. Opower says SMBs are a difficult-to-reach segment for utilities, and they use five times more energy, on average, than their residential counterparts. Opower will use its behavioral science and data analytics technology to provide SMBs with comparisons to similar businesses.
- 2014 Environmental Leader Product and Project Awards
- 6 Steps from Getting the Most From Every Lighting Retrofit
- Act Local, Think Global: To Drive Agrifood Supply Chain Sustainability
- Energy Efficiency Ratings: Benchmarks that Drive Excellence in Building Design & Operations
- The CFO and the Sustainability Reporting Chain
- What You Need to Know About Demand Charges
- Essential Guide to Lighting Retrofits and Upgrades
- NAEM Trends Report: Planning for a Sustainable Future
- Integrated Building Optimization
- Meeting the GHG Challenge: Reporting Solutions
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement