socialmedian: EcoFactor: The smartest thermostat concept yet?

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EcoFactor: The smartest thermostat concept yet?

Source: VentureBeat

Nov 03, 2009

Summary

Bursting onto the scene with a new utility deal today, EcoFactor offers software for two-way thermostats to make them so smart that they can adjust your temperature the way you like it without you raising a finger.

Taking past behavior, peak energy demand and even outside weather into account, it automatically dials heating and air conditioning systems up or down, keeping end users comfortable while trimming their electricity bills, the Redwood City, Calif. startup says.

EcoFactor has now partnered with major Texas utility Oncor to reduce its peak energy demand by 3 megawatts. This might seem like a small amount, but the pilot-scale deal will only involve a sample of households.

Texas is a unique environment for the company’s ramp up. Deregulation of the state’s utility market means consumers can freely choose between energy vendors based on the quality and variety of services offered. Offering to install a smart thermostat that could save customers even more money could be an effective way for Oncor to inspire brand loyalty.

EcoFactor also answers one of the big

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