Smart Buildings

“Turning Entire Cities into Virtual Power Plants” with Opower & FirstFuel

Just 2 months after the signing of a strategic partnership between energy intelligence and software firms Opower and FirstFuel, the companies claim to be feeling the benefits already. The partnership signed in September this year, brought together Opower, who provide cloud-based software for the utility industry, and FirstFuel Software, provider of commercial energy intelligence. Combined, the firms provide a package to serve all customers across residential, commercial and industrial sectors. Third quarter financials were above expectations and Opower CEO Dan Yates said during his company's earnings call that a "major expansion" was also finalized during the third quarter 2014. Opower’s largest market remains the U.S. but recent growth has been seen overseas and with gas utilities, as well as cross sales with existing customers. International sales made up 16% of third quarter revenue, a figure that the company foresees growing to 50% in the long term. Within the U.S., however, Opower also sees significant room […]

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