SOURCE: Opower


January 24, 2013 10:00 ET

Opower's Utility Programs Save Two TWhs of Energy, Over $220M for Customers

Enough Savings to Power a City the Size of Sacramento, California

ARLINGTON, VA--(Marketwire - Jan 24, 2013) - Opower, the global leader in customer engagement solutions for the utility industry, today announced a major company milestone -- it has saved residential energy customers two terawatt hours (TWh) of energy nationwide through its behavior-based efficiency platform. Saving two TWhs is equivalent to taking all the homes in a city the size of 500,000 people off the grid for a full year. Alex Laskey, Opower president and founder, made the announcement at the World Economic Forum in Davos.

"Saving two terawatt hours is a significant and exciting milestone for Opower and we share this accomplishment with all our utility partners," said Laskey. "We achieved this only nine months after reaching one TWh of energy saved. We're building incredible momentum and to date have put over $220 million back into the pockets of families and businesses. Opower is committed to working with our utility partners to implement effective programs that save customers energy and money, and give homeowners the tools and insights needed to better manage their energy consumption."

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, SMS alerts and IVRs. This coordinated content approach has consistently been proven to increase customer sentiment and increase energy efficiency, making Opower an essential component of utility's efficiency programs.

Two TWhs of energy is equivalent to:

  • Enough energy to power a city the size of 500,000 people
  • $220 million in bill savings for customers
  • Over 3 billion pounds of CO2 abated 

"As we continue to add utility partners in the U.S. and internationally, there is a tremendous opportunity for Opower, and broader energy efficiency programs, to have a massive impact on energy consumption across the globe, and to save families significant amounts of money," said Laskey.

Through its utility deployments, Opower has amassed the world's largest body of experience on behavior-based efficiency programs, and now manages data from over 50 million households. The impact of these programs has been verified by fifteen trusted third parties including KEMA, Navigant & Yale University.

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