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Ecofactor Innovation Competiton Presentation

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VentureBeat
VentureBeat

The document summarizes EcoFactor's approach to understanding home thermal characteristics using smart grid data to optimize HVAC efficiency. EcoFactor's software analyzes thermostat, weather and usage data to adjust home HVAC systems, reducing energy consumption by 20-30% without compromising comfort. This benefits various stakeholders - HVAC providers through leads and subscriptions, consumers through savings, utilities through demand response and energy efficiency, and energy retailers through increased subscriptions and margins. EcoFactor's data-driven approach requires collecting large amounts of usage data to make automated adjustments that optimize each home's HVAC efficiency daily.

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EcoFactor November 4, 2010 Presented by: Scott Hublou SVP, Products Co-Founder
The data available from Smart Grid- connected devices allows for the understanding of an individual home’s Thermal Characteristics
That’s cool… But who cares?
Understanding thermal characteristics  increase Demand Response yield/AC by 36%
Understanding thermal characteristics  decrease heating and cooling energy consumption by 20-30% without compromising comfort.
But again who cares...? Consumers care about saving money. Big businesses care about selling new services to their residential customers. Utilities care about driving adoption of residential DR.
Who REALLY cares… HVAC Service Providers Why: Maintenance Contracts What they get: Lead gen, Subscription $ Consumers Why: Hands-free Energy Management What they get: Savings Digital Service Providers Why: Stickiness, leverage What they get: Subscription $ Utilities Why: DR, EE What they get: kW, kWh Energy Retailers Why: Stickiness,  margins What they get: Subscription $
Ecofactor understands the thermal characteristics of your home Optimized HVAC efficiency program for your house each day 20-30% reduction of HVAC energy use No loss of control, comfort or convenience Thermostat Adjustments Thermostat Data Weather Data
Energy Management Requires a LOT of Data Each month, EcoFactor will: Make 144,000 data collection calls Log 64.8 million points of data Make ≈120,000 adjustments Each year, EcoFactor will: Make 17 Billion data collection calls Log 7.8 Trillion points of data Make ≈14 Billion adjustments 100 thermostats 1,000,000 thermostats
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Ecofactor Innovation Competiton Presentation

  • 1. EcoFactor November 4, 2010 Presented by: Scott Hublou SVP, Products Co-Founder
  • 2. The data available from Smart Grid- connected devices allows for the understanding of an individual home’s Thermal Characteristics
  • 4. Understanding thermal characteristics  increase Demand Response yield/AC by 36%
  • 5. Understanding thermal characteristics  decrease heating and cooling energy consumption by 20-30% without compromising comfort.
  • 6. But again who cares...? Consumers care about saving money. Big businesses care about selling new services to their residential customers. Utilities care about driving adoption of residential DR.
  • 7. Who REALLY cares… HVAC Service Providers Why: Maintenance Contracts What they get: Lead gen, Subscription $ Consumers Why: Hands-free Energy Management What they get: Savings Digital Service Providers Why: Stickiness, leverage What they get: Subscription $ Utilities Why: DR, EE What they get: kW, kWh Energy Retailers Why: Stickiness,  margins What they get: Subscription $
  • 8. Ecofactor understands the thermal characteristics of your home Optimized HVAC efficiency program for your house each day 20-30% reduction of HVAC energy use No loss of control, comfort or convenience Thermostat Adjustments Thermostat Data Weather Data
  • 9. Energy Management Requires a LOT of Data Each month, EcoFactor will: Make 144,000 data collection calls Log 64.8 million points of data Make ≈120,000 adjustments Each year, EcoFactor will: Make 17 Billion data collection calls Log 7.8 Trillion points of data Make ≈14 Billion adjustments 100 thermostats 1,000,000 thermostats