Efficiency and Demand Response Program Recognized
San Diego, CA – February 11, 2015 – EcoFactor Inc., the leader in cloud-based home energy management services, is honored to announce that NV Energy’s mPowered Home Energy Management Program received Powergrid International’s 2015 Demand Response/Energy Efficiency Project of the Year award. Projects were judged based on ingenuity, scope, practicality, vision and follow-through.
“Programs like mPowered are helping NV Energy reinvent our relationships with our customers by providing tools that help customers take action with their energy use,” said Pat Egan, Senior Vice President of Customer Operations for NV Energy. “We take pride in offering these programs, which also deliver value to our customers.”
Since its commercial launch in October 2012, mPowered has been one of the most successful residential Integrated Demand Side Management (IDSM) programs in the country. EcoFactor services have powered industry-leading energy efficiency and demand response results for over 27,000 homes to date. Some key results include:
– Over 635 kWh of electricity and 18 therms of gas saved per home per year ($100 savings)
– 28 peak demand events in consecutive summers
– 3.1 kW peak demand reduction per home (first hour demand drop between 105-108°F)
– 86% customer satisfaction
EcoFactor’s CEO, Matt Plante, said, “True long-term value for our utility partners is driven by ongoing customer participation and engagement, which is a result of the very high satisfaction and energy savings results we have seen in the mPowered program. While we are particularly excited to celebrate this recognition, we look forward to building on this base with new product offerings.”
EcoFactor is transforming how homes use energy by applying advanced analytics to connected devices in the home. EcoFactor’s cloud-based application actively manages thermostats on occupants’ behalf in intelligent ways that improve comfort while helping them save time, energy and money. Utilities, home service providers and homeowners rely on EcoFactor for demand response, energy efficiency, and HVAC performance monitoring services. For more information, visit www.ecofactor.com.
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