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VentureBeat: Home energy management provider EnergyHub raises $14.5M

EnergyHub Team

August 25, 2011

Gigaom: EnergyHub raises $14.5M to market energy management tools to consumers

By Ucilia Wang | Aug. 25, 2011, 5:01am PT

Peddling home energy management gear and software successfully is harder than it seems, and some startups as well as big companies such as Microsoft and Cisco are ditching this market. EnergyHub is staying, and on Thursday announced a $14.5 million funding to help it sell products to service providers and consumers.

The New York company will use the Series B round to commercialize its home energy management system, including the recently announced software and service to enable people to program their thermostats and cut unnecessary energy use. EnergyHub designed the service to sell it to cable TV providers, home security service companies and equipment makers, utilities and thermostat manufacturers.

The company also is working on an online portal to sell its equipment and services directly to consumers. Back in March, EnergyHub’s CEO, Seth Frader-Thompson, told us about the company’s plan to do a trial to gauge consumers’ reaction to its new sales program. The company sells a line of gadgets that include a wireless thermostat, a power strip that tracks energy use and a device to program temperature settings and display current and estimated future energy costs.

Read more at: http://gigaom.com/cleantech/energyhub-raises-14-5m-to-market-energy-management-tools-to-consumers/

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