Data into Dollars: Opower Saves Energy
In today’s world, many people are focused on finding greener energy solutions and more sustainable ways to curtail our usage of resources. If you are looking for a way to lower your energy bill and reduce consumption, look no further than Opower. This Software-as-a-Service (SaaS) company exists to improve the relationship between utility companies and their customers. How are they using open data to be successful? Read on to learn more.
Saving Energy, Saving Money
In 2007, long-time friends Dan Yates and Alex Laskey founded Opower. Their vision was to create a SaaS that could help bridge the gap between utility companies and customers, ultimately helping customers save energy, thereby saving money. The company is growing rapidly, with more than 500 employees across the United States and in London, Singapore, and Tokyo.
How it Works
Opower uses algorithms to recognize patterns in usage and provides customers with that information. Consumers can get this information via postal mail, but Opower also uses other technologies, such as text alerts and email to communicate with users. Plus, consumers can enter more information into the platform to get more tips about reducing usage and saving money and energy.
Opower’s software has prevented more than 6 billion pounds of carbon dioxide pollution, saved more than 4 billion kilowatt-hours of energy, and saved users more than $447 million in usage.
Opower is a data-founded company that shows great potential in the open data space. We look forward to seeing the great things they accomplish for our planet.