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Smart Innovators: Home Energy Management

Date: 15 April 2014

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17 Pages 4 Figures

EXECUTIVE SUMMARY

This report provides Heads of Strategy and Product Development, as well as utility executives, with an independent analysis of the home energy management (HEM) market. Verdantix selected this subject for a Smart Innovators report because hundreds of suppliers – ranging from power utilities to telecom suppliers – have moved into the HEM market looking to improve customer retention or grow revenues from their HEM divisions. In this nascent market some suppliers have achieved initial success, while others are still trying to establish profitable business models and gain traction at mass scale. To better understand this topic we interviewed 19 providers of HEM devices, software and services. This report describes the market drivers and identifies emerging propositions in the market across software, hardware and services. It also provides advice to solution providers on how to demonstrate financial value of their HEM solution to potential customers and partners.

TABLE OF CONTENTS

SMART INNOVATORS: HOME ENERGY MANAGEMENT

Technology And Energy Trends Converge To Drive Opportunities

INTRODUCING THE HOME ENERGY MANAGEMENT MARKET

Functionality For Home Energy Management Spans Data Visualization To Asset Control
Rise Of Home Energy Management
Market And Technical Barriers Remain For Widespread Adoption

SUPPLIERS NEED TO PROVE VALUE OF HOME ENERGY MANAGEMENT

TABLE OF FIGURES

Figure 1. Suppliers Are Converging On The Market From Various Backgrounds
Figure 2. Multiple Routes To Market Exist For Solution Developers
Figure 3. Functionality For Home Energy Management Ranges In Sophistication
Figure 4. Home Energy Management Solutions Can Encompass Hardware And Software

ORGANIZATIONS MENTIONED

Aclara, ADT, Alarm.com, AlertMe, Allure Energy, Ambient Devices, AT&T, AutoGrid, Best Buy, British Gas, C3 Energy, CGI, Cisco, Comcast, ComEd, Comverge, Consert, Control4, Cox, Crestron, DirecTV, EchoStar, EcoFactor, Ecova, Emerson, Energate, EnergyAustralia, EnergyHub, Facebook, FrontPoint Security, GE, Gira, Google, GreenWave Reality, Hitachi Ltd., Honda, Honeywell, iControl Networks, Intel Capital, Interlogix, JUNG, Kleiner Perkins Caufield & Byers, LG Electronics, Lowe’s, Natural Resources Defense Council, Nest Labs, Nissan, Onzo, Opower, PG&E, Retroficiency, Samsung, Schneider Electric, Southern California Edison, Tado, Tendril, ThinkEco, Time Warner Cable, T-Systems, US EPA, Vivint, Xanboo, Yale