President Obama Declares: “I want companies like OPOWER to be expanding and thriving all across America. It's good for consumers. It's good for our economy. It's good for our environment.”
President Speaks From OPOWER Headquarters, Highlights Company as an American Success; Praises Work with Utilities to Engage Customers, Drive Large-Scale Energy Reductions
Arlington, March 9, 2010 - Delivering a major speech on clean energy jobs from the headquarters of OPOWER on March 5, President Barack Obama heralded the company as an American success story and “a model of what we want to be seeing all across the country.” OPOWER is an energy efficiency and smart grid software company that helps utilities meet their efficiency goals through effective customer engagement, providing utility customers with the insightful information needed to reduce energy usage and deliver savings on monthly utility bills.
Highlighting the company’s continued success in driving large-sale reductions in energy usage and helping utilities deliver on the promise of the smart grid, President Obama made numerous references to OPOWER during his speech, which was carried live and widely reported by the national cable news networks.
“It is great to be here at OPOWER,” commented the President. “The work you do here, as we just heard, is making homes more energy efficient, it’s saving people money, it’s generating jobs and it's putting America on the path to a clean energy future…And so this is a model of what we want to be seeing all across the country.” He went on to add, “[W]e know that there have been success stories all across America. OPOWER is one of those success stories. This is a company that works with utilities to help folks understand their energy costs and how they can save money on their energy bills.”
Working with more than 25 utility partners, including six of the ten largest, OPOWER has been independently verified to deliver a two to three percent average reduction in energy consumption across homes receiving analysis of past usage and individualized energy savings tips from OPOWER. OPOWER’s platform uses patent-pending algorithms to determine the likeliest source of inefficiency inside a home, and the latest in behavioral science to present that information in a highly engaging and motivating fashion. Scaled nationwide, the company’s reporting system would save enough energy to power more than three million homes, while saving customers more than $5B annually.
“We’re honored and humbled that the President selected OPOWER as the venue for his remarks on clean energy jobs and the clean economy. The President’s recognition of the work we have been doing with our utility partners and the tremendous results we have been able to achieve validates our innovative approach to energy efficiency,” said Dan Yates, founder and CEO of OPOWER. “Utilities are increasingly recognizing that effective customer engagement is the missing component for unlocking the potential of energy efficiency, as well as the value of their smart grid investments. OPOWER’s unique platform enables utilities to reach and engage all customers, providing them with easy-to-understand, relevant and actionable information about their energy usage, and motivating energy saving actions on an unprecedented scale.”
Additional highlights from the President’s speech included the following:
- “The jobs of tomorrow will be jobs in the clean energy sector, and this company (OPOWER) is a great emblem for that. “
- “…We also need to replicate the success of clean energy companies like OPOWER. We need to invest in the jobs of the future and in the industries of the future, because the country that leads in clean energy and energy efficiency today, I'm absolutely convinced, is going to lead the global economy tomorrow. I want that country to be the United States of America. I want companies like OPOWER to be expanding and thriving all across America. It's good for consumers. It's good for our economy. It's good for our environment.”
About OPOWER
OPOWER is an industry leader in Energy Efficiency and Smart Grid software, providing the industry’s only multi-channel customer engagement platform proven to deliver unprecedented energy efficiency gains to its utility partners. Using cutting edge behavioral science and patent-pending data analytics, the OPOWER platform enables utilities to connect with their customers in a highly targeted fashion, motivating reductions in energy use, increased program participation and overall customer satisfaction. Six of the ten largest utilities in the United States use OPOWER to significantly improve the effectiveness of their energy efficiency portfolios. For utilities with Advanced Metering Infrastructure (AMI), the OPOWER platform represents a cost-effective way to convert hourly data into measurable peak and overall savings, delivering the value of the Smart Grid directly to their customers. Founded in 2007 and privately held, OPOWER is headquartered in Arlington, VA. For more information, please visit www.opower.com
For More Information Contact
Brian Merrill
fama PR
858-461-0217
opower@famapr.com
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