Opower Utility Partners Save Six Terawatt-Hours of Energy, Over $700 Million for Consumers
January 20 2015 - 4:05PM
Business Wire
Enough Savings to Power all of the Homes in
Alaska and Hawaii
Opower (NYSE: OPWR), the global leader in cloud-based software
for the utility industry, today announced that it has achieved a
major company milestone: Opower’s technology platform has saved
families and businesses six terawatt-hours (TWh) of energy across
more than 95 utility deployments worldwide. Saving six TWh is
equivalent to taking all the homes in Alaska and Hawaii — states
with a combined total of 2.1 million people — off the grid for a
full year.
The milestone represents more than just energy savings and
reducing harmful emissions; Opower’s utility programs have also put
money back in the pockets of consumers. To date, utilities working
with Opower have reduced their customers’ energy bills by over $700
million.
More than 95 utilities use Opower’s platform to help their
customers reduce energy consumption and save money on their bills.
As part of the six TWh milestone, many have experienced great
success in their energy savings programs, including:
- Connecticut Light & Power, serving
over 1.2 million people, has saved 50.8 GWh, the amount of
electricity generated by nine wind turbines annually;
- NIPSCO, which serves Northern Indiana,
has saved 67.5 GWh and 1.8 million therms, the equivalent of
switching 1.4 million incandescent lamps to CFLs;
- New Jersey Natural Gas has saved 1.6
million therms, enough to offset carbon emissions from burning over
9 million pounds of coal; and
- Pepco Holdings has saved 35.1 GWh,
enough to power all of the homes in Washington, D.C. for 4.5
days.
"New Jersey Natural Gas is committed to empowering our customers
with the right tools and information to help manage their energy
bills," said Kathleen T. Ellis, Chief Operating Officer of New
Jersey Natural Gas. "Through innovative technology, like the Opower
program, we are able to give our customers an enriched customer
experience that helps them save energy and money."
Opower has continued to invest significantly in its technology
platform to drive greater savings and engagement for utility
customers. By saving six TWh of energy, Opower and its utility
partners have abated 9 billion pounds of CO2 emissions to date. The
cumulative impact of these reduced emissions is equivalent to:
- Removing nearly 900,000 cars from the
road for a year;
- Preserving 32,000 acres of American
forests; or
- Saving 10 times as much energy as the
world's largest solar photovoltaic power plant generates in a
year.
“Saving six terawatt-hours is a significant milestone for Opower
and our utility partners,” said Dan Yates, Opower CEO. “Worldwide,
utilities are facing unprecedented challenges — from flat demand,
to more distributed generation, and to new regulatory hurdles. But
these programs show that by leveraging technology to strengthen
customer engagement, utilities can provide unique leadership in
helping their customers make smarter energy decisions.”
About OpowerOpower is a technology company that combines
behavioral science, data management, and insightful analytics to
transform the way utilities relate to their customers. Opower’s
software has been deployed to more than 95 utility partners around
the world, and reaches more than 50 million households and
businesses. Opower’s technology platform analyzes more than 380
billion meter reads to deliver its services, and has created enough
energy savings through behavior change to power all the homes in a
city of 1.25 million people for a year. Founded in 2007 and listed
on the NYSE as OPWR, Opower is headquartered in Arlington,
Virginia, with offices in San Francisco, London, Singapore and
Tokyo. For more information, please visit www.opower.com and follow
us on Twitter at @Opower.
Media ContactOpowerCarly
Llewellynpr@opower.comorInvestor Contact:ICRGaro
Toomajanian, 571-483-5200investor@opower.com
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