Energy management platform developer EnergyHub announced today it has raised $14.5 million in Series B funding from a pool of both previous and new investors.
The Brooklyn-based company makes a home energy management system and smart-thermostat software accessible via the Web, and compatible with mobile devices including the Android and iOS platforms. EnergyHub also offers cloud servicing to complement them. EnergyHub is similar to Tendril in that it plans to offer a suite of home energy management hardware including smart outlets, home displays, smart thermostats, and load control devices for utilities. EnergyHub also offers smart power strips.
EnergyHub supports ZigBee smart meters and legacy AMR meters that have an Itron ERT meter inside. The reason for this is that those are currently the most prevalent meters being used in the U.S. In Texas, in particular, over 6 million smart meters using ZigBee should be installed in homes by the end of 2013, while approximately 25 million Itron ERT meters are in use across the U.S., according to EnergyHub's marketing director Eric Fleming.
But having a smart meter in one's home is not required to use EnergyHub, according to Fleming.
"We have early customers who are using the system independent of meter connectivity and are realizing energy savings by plugging their appliances like window air conditioners, dehumidifiers, TVs, and other devices into our sockets and strips to monitor and control them remotely. The biggest opportunity to save in the home is with the Home Base plus Wireless Thermostat, which helps people easily put the home on an energy-saving schedule that automatically controls heating and cooling," he said.… Read more