EcoFactor home energy management technology will be deployed as part of a comprehensive 15,000 home National Gridsmart grid pilot program. The National Grid pilot is focused on helping participants save energy by giving them better control over their usage.
The pilot includes communicating thermostats that will be optimized by EcoFactor's big data analytics and predictive cloud-based software for demand response (DR) and energy efficiency. EcoFactor's patented approach to DR events includes pre-cooling strategies individualized for each home. By banking cool air ahead of high demand periods, EcoFactor maximizes the load shed while maintaining high levels of occupant comfort.
EcoFactor will track energy savings throughout the pilot and provide National Grid with a series of reports that accurately measure results. Reports will include the exact run time of the HVAC units in each home, and the details of specific demand response events, such as customer usage options.
The pilot will test and deliver the energy system of the future to more than 15,000 National Grid customers in Worchester, Mass., and will be in full deployment in early 2014.
EcoFactor powers residential energy saving services through its integrated SaaS platform. Its patented big-data analytics and predictive algorithms generate double-digit energy efficiency gains and markedly higher demand response yields.
EcoFactor sells its SaaS services through channel partners including Comcast, Reliant Energy, NV Energy, SMUD and National Grid. Based in Redwood City, Calif., EcoFactor is privately held and funded by Claremont Creek Ventures, RockPort Capital Partners and Aster Capital.