ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ecobee Releases New Product Update to Help Protect Communities from Power Outages

New update helps ensure grid stability during extreme weather in select regions

Smart home leader ecobee today released a new update to its eco+ Community Energy Savings feature to protect customers from power outages caused by extreme weather. During North American Electric Reliability Corporation (NERC) Emergency Event Alert (EEA) or equivalent events, customers who are not already enrolled in a utility demand response program will receive an alert on their ecobee Smart Thermostat and ecobee mobile app informing them that their home is at risk of an outage. Customers then receive recommended, automated temperature adjustments to help ensure grid stability.

With this update, customers are in control and can opt out of any changes before or even during the event. Those who choose to conserve energy and help protect their communities from disruptive outages will see adjustments of only 1-4 degrees that last no more than four hours.

According to NERC, two-thirds of North America is at risk of energy shortages during high-demand periods that stress the energy grid. With ecobee’s new update, customers can allow their ecobee Smart Thermostat to reduce demand, creating less strain on the grid and helping to avoid outages in their community. ecobee’s Community Energy Savings feature is one of six eco+ smart features available on ecobee smart thermostats. Together, these features help people use cleaner energy automatically, while saving up to 26% on annual heating and cooling costs.*

“Everyone has a role to play in conserving energy and helping ensure grid stability,” said Kari Binley, Senior Manager, Energy Partnerships at ecobee. “This update helps communities take control of their energy savings and avoid potentially dangerous outages during high demand periods.”

The new update provides customers with an automated solution for additional home energy resiliency. It reflects ecobee’s commitment to sustainability and helping communities conserve energy while reducing waste and emissions. Furthermore, customers can choose to participate in their utility's demand response program if they would like to take advantage of these automated adjustments more often and receive a financial incentive from their utility provider.

To learn more about this update and how ecobee is helping customers save more energy automatically, visit ecobee’s blog post.

* Compared to a hold of 72°F/22°C.

About ecobee

ecobee Inc. was founded in 2007 with a mission to simplify everyday life while creating a more sustainable world. Since launching the world’s first smart thermostat in 2009, ecobee has helped customers across North America save over 31 TWh of energy, which is the equivalent of taking all the homes in Los Angeles and Chicago off the grid for a year. Today, ecobee continues to innovate with smart home solutions that solve everyday problems with comfort, protection, and conservation in mind. In 2021, ecobee joined Generac Holdings Inc. (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions, and other power products. Generac and ecobee share a vision to deliver a cleaner and more sustainable energy future for customers and communities. The Generac and ecobee home of the future will be more comfortable, secure, resilient, and efficient. For more information, visit ecobee.com.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.