Stay on Top of Enterprise Technology Trends
Get updates impacting your industry from our GigaOm Research Community
Cable giant Comcast plans to offer a smart thermostat and energy efficiency service to its Xfinity Home customers via startup EcoFactor. While Comcast started providing a home security and home energy management product to customers last Summer, the EcoFactor service will add another layer, enabling Xfinity Home customers to have an EcoFactor-enabled connected thermostat automatically shave off tiny increments of their heating and cooling and lowering their monthly energy bill.
EcoFactor launched back in late 2009, with a premise to use smart algorithms and connected thermostats to make an energy efficiency service automated and smart. The company’s software learns the home owners’ behavior and tweaks the connected thermostat’s settings ever so slightly to shave off energy consumption, but also to maintain a comfortable temperature in the home. Customers can manually override the settings at any time. Think of it like Nest’s learning thermostat, but without the slick hardware.
EcoFactor has been working with utilities to provide demand response services — where a utility can turn down a home’s energy consumption during peak energy use times — but the Comcast deal is one of EcoFactor’s first announced partner outside of the utility world. EcoFactor has long looked to be a consumer-focused company and not a utility service provider.
Comcast has also been working with software player iControl for its already-available energy management service. Cable companies and telcos are looking to home energy management as a way to add more connected home services, and revenues. More on this news later today.