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Parks Associates On Smart Thermostat Trends

29% of US internet households plan on purchasing a smart thermostat in the next six months

Parks Associates has revealed that their Smart Thermostat Market Assessment has found that 29% of US internet households plan on purchasing a smart thermostat in the next six months. The research concludes that adoption of smart thermostats has been flat for several years, despite owners reporting savings that meet or exceed expectations. Parks Associates hosted Home Energy Management Solutions: Driving Energy Savings as part of the 13th annual Smart Energy Summit: Engaging the Consumer to discuss strategies to increase consumer familiarity and adoption with home energy solutions.

Smart Energy Summit is sponsored by Schneider Electric, SmartThings, Rapid Response Monitoring, Zen Ecosystems, and “Home Energy Management Solutions: Driving Energy Savings” features an executive spotlight session featuring Nathan Ford, Director, Life Cycle Optimization, NRG Energy, Inc., and two interactive panels, “Data and Analytics: Driving Usage and Savings” and “Smart Apartments and Energy Platforms,” with the following panelists:

  • Colin Billings, CEO & Founder, Orro
  • Bob Champagne, VP, Customer Experience Innovation, Smart Energy Water
  • Jay Lasseter, VP Sales, Landis+Gyr North America
  • Håkan Ludvigson, CEO and Founder, Eliq AB
  • Advait Katarki, Business Development Manager – Connected Solutions & EV Charging Infrastructure, Eaton
  • Blake Miller, Founder & CEO, Homebase
  • Wannie Park, CEO, Zen Ecosystems
  • Carol Schmitt, Chief Evangelist, ESG & Energy, RealPage
  • Dan Sullivan, Founder and CEO, EIQhome

“Energy efficiency and sustainability are no longer for just a small subset of people but an unstoppable force, where a new tone is being set for every industry,” said Håkan Ludvigson, CEO and Founder, Eliq AB. “Energy efficiency is today, more than ever, a household topic, which cannot be ignored by utilities. We are seeing significant demand for green and sustainable solutions from multiple industries right now. There is no time to lose.”

“The energy transition is creating incredible opportunities for the electrification of buildings as both property owners and tenants seek to reduce their carbon footprints,” said Advait Katarki, Business Development Manager – Connected Solutions & EV Charging Infrastructure, Eaton. “From consumer adoption of electric appliances to utilities seeking increased flexibility at the edge of the grid, housing and apartment complexes represent a great opportunity to advance electrification efforts. Innovations like Eaton’s smart circuit breakers can help realize the full value of these efforts while creating new possibilities for buildings to become active participants in the grid. We are pleased to join industry thought leaders and stakeholders to present our vision for the future of building electrification and the critical role of smart home energy management technology in enabling this transformation.”

“Energy rates are rising dramatically, and multi-family owners need ways to control costs in common spaces, help their residents save money, and ultimately have a tangible path to carbon reduction,” said Wannie Park, CEO, Zen Ecosystems. “Zen provides apartment owners and managers tools that let them immediately reduce energy costs, shift load to green energy sources, and drive ESG reporting initiatives.”

See also: Parks Associates Illuminates Smart Home Consumer Habits