SOURCE: Opower

Opower

May 21, 2013 12:10 ET

Opower Named to the Inaugural CNBC Disruptor 50 List

Company's Behavioral Science and Data Analytics-Based Approach to Energy Efficiency Recognized as Industry Game-Changer

ARLINGTON, VA--(Marketwired - May 21, 2013) -  Opower, the global leader in customer engagement solutions for the utility industry, today announced that it was named to the inaugural CNBC Disruptor 50 List. The company's behavioral science and data analytics-based approach to energy efficiency has been recognized as one of the disruptive technologies that are changing the economy and business landscape. CNBC announced the list of 50 disruptors from the telecommunications, travel & leisure, transportation, retail, media, manufacturing, enterprise/security, financial services, healthcare and energy industries.

"We founded Opower with the goal of changing the way people think about and use energy. To be named to the CNBC Disruptor 50 List confirms that we've been able to change people's relationship with their energy use and inspires us to keep working toward a more energy efficient future," said Dan Yates, CEO and co-founder of Opower. "We are honored to be named alongside other high-growth, innovative companies."

Opower's platform provides residential customers with information on how their energy usage compares to similar homes and offers personalized tips on how to save energy. Opower's customer engagement platform, Opower 4, offers many customer touch points, including home energy reports, web portals, and SMS alerts. To date, the company has helped consumers around the world save over 2 TWh of energy (enough to power a city of 500,000 for a year) and $280 million on their energy bills. The company is on track to help utility customers save another $150 million this year.

The CNBC 50 Disruptors List was selected by polling representatives from venture capital firms, industry analysts, CNBC beat reporters, top business school academics and start-up investors, who collectively nominated over 200 private, venture-backed companies in 10 industries. CNBC editors and reporters reviewed and debated the nominations ultimately selecting five in each industry for the inaugural CNBC Disruptor 50.

About Opower
Working with 85 utility partners and serving more than 16 million consumers across seven countries, Opower is the world's leading provider of customer engagement solutions for the utility industry. By providing the tools, information and incentives consumers need to make smarter decisions about their energy use, Opower's engagement platform and solution suite, Opower 4, enables utilities to involve their customers in programs that support energy efficiency goals, smart grid and new rate structures, brand loyalty and lowering the cost of service. Proven to drive behavioral change at scale, Opower has helped its utility partners achieve more than 2 TWhs in energy savings, and drives significant increases in customer program participation and overall customer satisfaction. Founded in 2007 and privately held, Opower is headquartered in Arlington, Virginia, with offices in San Francisco and London. For more information, please visit www.opower.com and follow us on Twitter at @Opower.

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