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Feb 04, 2019


23% of U.S. broadband households intend to buy a smart thermostat in 2019

Smart Energy Summit to feature session, sponsored by Bidgely, on maximizing energy data

New data from Parks Associates finds 23% of U.S. broadband households plan to buy a smart thermostat in 2019, while 24% are likely to buy a smart lightbulb. The growth in connected devices will further expand the amount of consumer data available, and the IoT research firm’s 10th-annual Smart Energy Summit: Engaging the Consumer will feature a special session, “The Energy Data Goldmine,” to discuss opportunities for utilities to leverage data to strengthen customer relationships, realize new revenue opportunities, and modernize grid operations.

 Smart Home Device Purchase Intentions | Parks Associates 

“Data is a new and important form of currency in the IoT ecosystem, where AI and machine learning can unlock the value in data for a variety of players, including utilities and energy providers,” said Brad Russell, Research Director, Connected Home, Parks Associates. “Our research shows consumers are generally uncomfortable with an outside party controlling their ‘stuff,’ but energy services built on consumer data can customize and personalize load control and other energy solutions to expand participation and save energy.”

“Bidgely is leading data analytics innovation with its AI-powered Energy Management solution for providing key insights to customers across every segment of their business-- whether it is Energy Efficiency, Customer Engagement, Connected Homes, or understanding the DER resources and helping utilities to drive control and provide targeted programs,” said Abhay Gupta, CEO, Bidgely. “In addition, Bidgely’s UtilityAI and data insights, powered by their disaggregation technology, have put the company in a great position to provide utilities the opportunity to shape how customers interact with the grid and to drive new utility value streams while doing it.”

Parks Associates will host Smart Energy Summit: Engaging the ConsumerFebruary 18-20, 2019, at the Omni Austin Hotel Downtown in Austin, Texas. “The Energy Data Goldmine,” 11:30 a.m. on Tuesday, February 19, will focus on strategies for the energy industry to leverage advanced AI and data analytics to deliver targeted personalized experiences to consumers and optimize spending on demand side management planning.

Speakers for “The Energy Data Goldmine” include:

  • Abhay Gupta, CEO, Bidgely
  • Matt Johnson, VP, Business Development, EnergyHub
  • Craig Stepien, Sr. Director Digital Transformation, NextEra Energy

Conference sponsorsinclude Bidgely, Tendril, Rapid Response Monitoring, Powerley, Trusource Labs, Alarm.com, ecobee, Austin Energy, GiftCard Partners, Intel, STRATIS, FLO, Grid4C, and Inspire.

Parks Associatesis accepting press pass requests for Smart Energy Summit: Engaging the Consumer atwww.parksassociates.com/ses-presspass. More information about the Smart Energy Summit is available at http://www.ses2019.com/. To speak with an analyst or request specific research data, contact Julia Homier at Julia.homier@parksassociates.com or 972-996-0214.

About Smart Energy Summit

Smart Energy Summit: Engaging the Consumer examines the changing role of utilities and energy providers in the IoT era and offers research and insights on new opportunities to empower consumers with smart solutions to manage and save energy in the home. The conference addresses key questions for energy providers around leadership and alignment of goals between residential energy management solutions and the grid and presents strategies to expand business and revenue goals by incorporating smart products into energy programs.

Smart Energy Summit focuses on identifying opportunities across converging ecosystems to create new value in energy solutions through partnerships that leverage connected devices, energy management, utility services, and home control platforms and services. Research analysts, thought leaders, and industry executives present and discuss business strategies, case studies, partnership opportunities, and consumer research that utilities, service providers, retailers, and manufacturers can use to expand and monetize their energy offerings.

The tenth-annual Smart Energy Summit will take place February 18-20, 2019, at the Omni Austin Hotel Downtown in Austin, Texas. The summit agenda features leaders from utilities, state and national regulators, telecom and security companies, retailers, and OEMs. Follow the event on Twitter at @SmartEnergySmt and #SmartEnergy19. For information on speaking, sponsoring, or attending Smart Energy Summit, visit www.ses2019.com.