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Smart Energy Insights

Wednesday, May 18, 2016

40%+ of U.S. broadband households plan to buy a smart home device in the next 12 months

Nearly 20% of U.S. broadband households own at least one smart home device, and over 40% plan to buy one in the next 12 months. These devices open new opportunities for both Energy Efficiency (EE) and Demand Response (DR) programs by using new approaches to reduce consumption and shift load throughout the product lifetime.

Despite the long list of benefits associated with integrating smart products into energy programs, utilities need to understand the strengths, weaknesses, ...read more

Tuesday, May 17, 2016

Consumers Value Control Over Savings, Comfort, and Cost

Connectivity and the combined data from all customer interactions are transforming businesses and marketing programs, and especially have the ability to impact the utility and retail energy provider markets. As the breadth and depth of smart products enter the market grow, energy providers have the opportunity to leverage those products for demand response programs and to accelerate adoption through energy efficiency programs.

Concerns related to loss of control and co-marke ...read more

Tuesday, May 17, 2016

25% of broadband households indicate they would participate in an energy program offered by their energy provider

Energy data is a key element of any energy management solution. Technology for monitoring and analyzing home energy data has developed to provide increasingly valuable, actionable insights for consumers and energy providers. Familiarity with energy programs is still generally low, with 20% or less of U.S. broadband households being “very familiar” with various energy programs.

25% of broadband households indicate they would participate in an energy program offered by their e ...read more

Friday, May 13, 2016

Top 10 Takeaways – Success Stories in Energy Management

Utilities are moving forward with numerous pilots, testing new business models and new approaches to marketing, installation, and partnerships. This session at SES featuring executives from FP&L, OGE, Tendril, Westar Energy, and Wright – Hennepin Cooperative Electric Association discussed the lessons learned from these innovative efforts and highlights recent success stories in the industry. Top 10 takeaways from the session included:

  1. Market adoption is moving from the i ...read more

Thursday, May 12, 2016

Success Stories in Energy Management- Consumer Purchase Intentions are Growing

For energy providers, the convergence of smart energy and smart home opportunities is a story of frenemy stakeholders. Myriad service providers and device manufacturers hope to protect and grow their core businesses while exploring new ways to further directly monetize their customer base or work with adjacent partners to provide mutually smart energy solutions.

Getting from here to there for all stakeholders is the challenge. Despite the value proposition of saving money an ...read more

Wednesday, March 02, 2016

2016 Smart Energy Summit Contest Winner Announced

Parks Associates held its 7th annual Smart Energy Summit February 22-24 at in Austin, TX. At the annual conference, Parks Associates analysts, media, and industry leaders examined the expanding market for energy solutions and home controls and its impact on utilities, service providers, retailers, manufacturers, and consumers.

New research presented included:

  • Four percent of U.S. broadband households own solar panels, up from 2% in 2013.
...read more

Friday, February 26, 2016

Vivint: A fragmented national landscape makes it difficult to build a consistent and scalable consumer proposition

Jeremy Warren, Chief Technology Officer of Vivint, provides key insights into the growth of energy and IoT for Parks Associates' Smart Energy Summit:

What do you think is the most challenging issue for your company as it relates to the residential energy management market?

A fragmented national landscape makes it difficult to build a consistent and scalable consumer value proposition and business model. Because different utilities/jurisdictions have their own set of rul ...read more

Thursday, February 25, 2016

Low price of energy remains major barrier to consumer adoption: Insights from Comverge

Erin Keys, Director, Business Development & Strategy at Comverge, answers several industry questions for the Smart Energy Summit

What do you think is the most challenging issue for your company as it relates to the residential energy management market?

Reframing the discussion around deploying outcome-oriented, at-scale solutions versus feature-focused pilots.

What are the major challenges that your business must address in 2016? In 2020?

We must continue to ...read more

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