Redwood City, Calif. — September 15, 2014 — EcoFactor®, the leader in cloud-based home energy management services, today announced the appointment of Matthew Plante as Chief Executive Officer, effective immediately. Plante joins EcoFactor from Bidgely, where he served as Vice President of Sales. He will be responsible for accelerating market adoption of EcoFactor and setting the company’s vision as it moves into its next chapter of market expansion and growth.
“This is an exciting time for EcoFactor following the announcement of its industry-best results in residential demand response and energy efficiency. As EcoFactor moves into its next growth stage, we believe that Matt is the right person for the job. He has the proven ability to grow and lead businesses and we’re excited to bring him on board,” said Nat Goldhaber, EcoFactor board member and managing director at Claremont Creek Ventures.
Plante comes to EcoFactor with more than 15 years of experience in energy management, utility and related industries. Prior to Bidgely, Plante was Vice President of Sales at EnerNOC, Inc. where he led various sales teams worldwide. At EnerNOC, he helped grow the organization from 20 people and $1 million in revenue to 800 people and $280 million in revenue.
“EcoFactor’s approach to home energy services has proven that the Internet of Things can be a source of tremendous value to consumers,” said Matthew Plante, CEO, EcoFactor. “We have the technology and team in place – and now industry-leading results from our demand response and energy efficiency services. We are ready to capitalize on these strengths by accelerating our go-to-market efforts.”
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, deliver superior energy efficiency savings, and detect and prevent HVAC failures. 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.