29. June 2016 · Comments Off on Nest, energy companies find success with smart thermostats – SmartGridNews · Categories: News · Tags: , ,

The number of North American and European homes with a smart thermostat grew by 81 percent to 5.8 million in 2015.Credit: energy.gov That is according to Berg Insight research, which also reveals that the North American market recorded a 78 percent growth in the installed base of smart thermostats to 4.5 million and the European market recorded growth 90 percent year-on-year to reach 1.4 million.For energy companies, smart thermostats open up new possibilities to introduce consumer friendly demand response and energy-efficiency programs, which can enable significant capital savings as lower peak load can reduce expenditures on reserve power generation and the need to purchase energy on the spot market.

Source: Nest, energy companies find success with smart thermostats – SmartGridNews