Nest Labs Introduces World’s First Learning Thermostat
Nest Labs today announced that it has created the Nest Learning Thermostat™. Nest learns from your behaviors, preferences and surroundings to create a custom heating and cooling schedule, keeping you comfortable when you’re home and conserving energy when you’re away.
The Nest Learning Thermostat, cooling with the Nest Leaf (Photo: Business Wire)
“It was unacceptable to me that the device that controls 10 percent of all energy consumed in the U.S. hadn’t kept up with advancements in technology and design,” said Tony Fadell, co-founder and chief executive officer of Nest Labs. “Together with the team, Co-Founder Matt Rogers and I set out to reinvent the thermostat using advanced technologies, high-quality manufacturing processes and the thoughtful design elements the iPhone generation has come to expect. The resulting Nest Learning Thermostat is like no other thermostat on the market. We hope it will not only save money and energy, but that it will teach and inspire people to think more about how they can reduce home-energy consumption.”
According to the U.S. Department of Energy and Lawrence Berkeley National Lab, the annual energy bill for a typical single-family home is approximately $2,200, with heating and cooling (HVAC) accounting for approximately half of the bill. The programmable thermostat, developed in the 1970s, promised to help people conserve energy, but 89 percent of owners rarely or never set a program (source: ACEEE, 2010). The devices are simply too complicated. In fact, Energy Star revoked its certification of all thermostats in 2009 when it became apparent that people weren’t actually engaging with programmable thermostats to reach their proper functionality.
Nest Learning Thermostat
Nest addresses the programming problem through a combination of sensors, algorithms, machine learning, and cloud computing. Nest learns behaviors and preferences and adjusts the temperature up or down accordingly, making you comfortable when you’re home and saving energy while you’re away. Nest also provides people with tips and information to help them make energy-saving choices.
Pricing and Availability
The Nest Learning Thermostat is expected to be available at www.nest.com and retail outlets in mid-November for a suggested retail price of $249.00 (U.S.). To be one of the first to experience the benefits of a Nest Learning Thermostat, go to www.nest.com to pre-order yours today.
The Nest Labs Team
The Nest team is committed to helping reduce home-energy consumption. Team members draw upon their years of technology, design and go-to-market experience from world-class consumer-facing companies including Apple, Google, Logitech, Sling Media and Twitter.
“Nest has built an unprecedented team of experienced designers and engineers with backgrounds spanning Silicon Valley,” said Bill Campbell, Apple and Intuit board member and Nest advisor. “Under the leadership of Tony Fadell, the company is poised to make a significant impact on an industry that has been virtually void of innovation for the past 30 years.”
About Nest Labs
The creator of the world’s first learning thermostat, Nest Labs is focused on reducing home-energy consumption. The Nest Learning Thermostat learns human behaviors and preferences, automatically adjusting the temperature so you can stay comfortable while saving energy and money. Founded by former Apple SVP of the iPod division Tony Fadell and former iPod and iPhone lead engineer Matt Rogers, the Nest Labs team enjoys bringing new life to previously ignored home products by applying the best of today’s technology and design. Based in Palo Alto, Calif., Nest Labs is privately funded by Kleiner Perkins Caufield & Byers, Google Ventures, Lightspeed Venture Partners, Shasta Ventures, Generation Investment Management and Intertrust. For more information, visit www.nest.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50041935&lang=en
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here