SOURCE: EcoFactor

December 13, 2010 11:00 ET

EcoFactor Awarded U.S. Patent for Innovative Energy Management Technology

First Patent Issued to EcoFactor for Its Ability to Measure Effective Thermal Mass of Buildings

REDWOOD CITY, CA--(Marketwire - December 13, 2010) - EcoFactor, the premier residential energy management service, today announced that it has been awarded a patent for its "System and Method for Calculating the Thermal Mass of a Building." The patent relates to EcoFactor's novel approach to determining the performance characteristics of individual homes and their heating and cooling systems, simply by installing a communicating thermostat.

EcoFactor's ability to understand how well building envelopes and heating and cooling systems perform is already making a real difference for users of the service. Wade Hyde of Fort Worth, Texas, had an ultra-high efficiency air conditioning system installed in his home a few years ago, and was sure he was already maximizing savings. But EcoFactor let him know that there was a significant problem with his system by detecting what turned out to be major hidden defects in the ductwork. Without EcoFactor, Wade would have unknowingly continued to waste money and energy for years.

"The issuance of this patent validates our unique approach to automated energy management as well as our significant investment in R&D over the past four years," said John Steinberg, CEO of EcoFactor. "We expect many more patents to issue, and we will continue to focus on innovation as a core foundation for our growth."

EcoFactor's unique fault detection capabilities can find common smaller problems, too. In another customer's home, the EcoFactor system recently flagged performance issues just a few weeks after the user's service began. The problem was a dirty filter. Replacing it immediately cut his system's energy use by at least 7-8 percent.

"The detection of significant energy waste in homes like these, and the quantification of the benefits of addressing them, are great examples of how we have applied our patent portfolio to real-world problems, and are delivering tangible value to homeowners," said Steinberg. "We think our investment in new approaches to automatically optimizing energy usage on a home-by-home basis differentiates us from the many tools that simply provide information and expect the homeowner to modify behavior based on that information."

About EcoFactor
EcoFactor offers a SaaS-based residential energy management solution that works with two-way communicating thermostats and a broadband Internet connection to develop dynamic, customized heating and cooling strategies. EcoFactor uses proprietary algorithms, which analyze and act upon thousands of data points to discover each home's unique thermal makeup and deliver optimal HVAC management without requiring consumers to sacrifice control or comfort.

Based in Redwood City, Calif., EcoFactor was founded in 2006 to provide an effective alternative to one-size-fits-all residential energy management solutions that require significant customer engagement to produce results. More information can be found online at www.ecofactor.com.

Contact Information

  • Media Contact
    Tory Whitney or Jason Mandell
    LaunchSquad
    415-625-8555
    ecofactor(at)launchsquad(dot)com