ARLINGTON, VA. – January 24, 2013 – Opower, the global leader in customer engagement solutions for the utility industry, today announced a major company milestone -- it has saved residential energy customers two terawatt hours (TWh) of energy nationwide through its behavior-based efficiency platform. Saving two TWh’s is equivalent to taking all the homes in a city the size of 500,000 people off the grid for a full year. Alex Laskey, Opower president and founder, made the announcement at the World Economic Forum in Davos.  

“Saving two terawatt hours is a significant and exciting milestone for Opower and we share this accomplishment with all our utility partners,” said Laskey. “We achieved this only nine months after reaching one TWh’s of energy saved. We’re building incredible momentum and to date have put over $220 million back into the pockets of families and businesses. Opower is committed to working with our utility partners to implement effective programs that save customers energy and money, and give homeowners the tools and insights needed to better manage their energy consumption.”

Opower’s platform provides residential customers with information on how their energy usage compares to similar homes, and offers personalized tips on how to save energy. Opower’s customer engagement platform, Opower 4, offers many customer touch points, including home energy reports, web portals, SMS alerts and IVRs. This coordinated content approach has consistently been proven to increase customer sentiment and increase energy efficiency, making Opower an essential component of utility’s efficiency programs.

Two TWh’s of energy is equivalent to:

• Enough energy to power a city the size of 500,000 people
• $220 million in bill savings for customers
• Over 3 billion pounds of CO2 abated      

“As we continue to add utility partners in the U.S. and abroad, there is a tremendous opportunity for Opower, and broader energy efficiency programs, to have a massive impact on energy consumption across the globe, and to save families significant amounts of money,” said Laskey.

Through its utility deployments, Opower has amassed the world’s largest body of experience on behavior-based efficiency programs, and now manages data from over 50 million households. The impact of these programs has been verified by fifteen trusted third parties including KEMA, Navigant & Yale University.  

About Opower
Working with 80 utility partners and serving more than 15 million consumers across six countries, Opower is the world’s leading provider of customer engagement solutions for the utility industry.  By providing the tools, information and incentives consumers need to make smarter decisions about their energy use, Opower’s engagement platform and solution suite enables utilities to involve their customers in programs that support, energy efficiency goals, smart grid and new rate structures, brand loyalty and lowering the cost of service. Proven to drive behavioral change at scale, Opower has helped its utility partners achieve more than 2 TWHs in energy savings, and drives significant increases in customer program participation and overall customer satisfaction.  Founded in 2007 and privately held, Opower is headquartered in Arlington, Virginia, with offices in San Francisco and London. For more information, please visit www.opower.com and follow us on Twitter at @Opower