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EcoFactor Launches Enhanced Homeowner Experience for Effortless Energy SavingsNew Reports Quantify Energy Savings for Each Individual Home (May 24, 2012)
REDWOOD CITY, CA -- (Marketwire) -- 05/24/12 -- EcoFactor®, the leading residential energy management company, today announced the next version of its web and mobile user interfaces that make it easier than ever for homeowners to achieve energy savings without sacrificing comfort or devoting a lot of time to managing their energy use. The new features provide more visibility into users' individual energy savings over time, support for English and Spanish language, as well as a seamless experience for homeowners to set up and manage their temperature preferences.
EcoFactor is an automated home energy management service designed to save energy while keeping occupants comfortable. Its patented algorithms learn from and adapt to residents' temperature preferences and each home's individual thermal characteristics, constantly optimizing the energy usage of the heating and cooling system automatically.
Included in the new features are individualized month-by-month energy savings reports. EcoFactor's patented data analytics engine quantifies savings in specific detail for each individual home, for each month. Now users can see how much they've saved with EcoFactor at any time by logging into the new interface. If users just want to save energy but don't really care to dig into the details, they can do that too: EcoFactor works 24/7 to deliver energy savings effortlessly for the homeowner.
"With the latest enhancements to our interface, homeowners can see just how much energy they've saved on a very personal basis -- not just a national or regional average," says Clifford Collio, Product Manager, EcoFactor. "Our users now have personalized insight into the contribution that their heating or cooling system makes to the bottom line on their energy bills. They can see tangible value in the EcoFactor service by seeing those bills go down."
Homeowners can sign up for the EcoFactor service through partner home service providers and utilities. EcoFactor is currently working with partners around the country and announced an agreement earlier this year with Comcast to integrate its service with the Xfinity Home system.
EcoFactor is the leading residential energy management company that enables home service providers to offer an intelligent energy management service to their customers. Homeowners get an automated way to reduce energy consumption, save money and stay comfortable, and partners have the opportunity to take advantage of broader initiatives for energy efficiency, demand response and load shaping. The EcoFactor platform uses data from communicating thermostats to determine the unique thermal characteristics of an individual home and automatically optimize the energy use of that home's heating and cooling systems to save energy and money. Currently in homes across the country, EcoFactor continually documents and quantifies energy savings for its users and already has proven to reduce energy consumption of heating and cooling systems by up to 20 percent. Based in Redwood City, Calif., EcoFactor was founded in 2006 to provide an automated alternative to behavior-based residential energy management solutions. The company has been awarded nine patents to date for its residential energy management technology and methodology. EcoFactor is privately held and funded by Claremont Creek Ventures and RockPort Capital Partners.
Jason Mandell or Katie Wattie
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