Nest Acquires MyEnergy To Bolster Power Management Offerings

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News Posted: Tue, May 7 2013 7:55 PM
It's still pretty impressive to think that Nest makes only a thermostat, yet the design and engineering has garnered praise from all over. Soon, however, it looks as if Nest will move to the next level as a company. Today, it acquired MyEnergy, a company that will reportedly help Nest "help people understand and address home-energy consumption." The acquisition also accelerates Nest's services for energy providers, giving them a cost-effective way to share data with their customers. MyEnergy has users in all 50 U.S. states and spans more than 1,500 utility territories, allowing people to track their electric, gas, and water usage in one place online.


"Giving our customers more in-depth access and analysis of their energy usage has always been part of the Nest vision," said Tony Fadell, Nest founder and CEO. "We've made great strides in the past year and a half; by bringing MyEnergy into the Nest family, we can reach our goals even faster. The MyEnergy team is incredibly like-minded and we've already begun working with them to find ways to integrate their technology into Nest products."

MyEnergy is an online service that allows you to gather all of your utility usage and bills in one place, and lets you compare them with your friends and family. You can see the evolution of your usage and costs month over month, year over year, and can compare your performance to other homes in your neighborhood. Naturally, this feels like a great fit for Nest -- wonder where the company goes next?
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