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Opower

Saturday, 18 May 2013 | 11:51 AM ET
Disruptors Shaking Up the Energy Industry
CNBC's Julia Boorstin reports on new companies like MicroSeismic, Picarro, Opower, and Nest Labs that are competing head to head with established energy companies.

What
Energy efficiency software company that allows utilities to make customers smarter about usage.

Disrupting
Traditional energy and power supply providers.

Source: Opower

Headquarters: Arlington, Va.
CEO: Daniel Yates
Year Founded: 2007
Number of Employees: 350 (adding 150 in 2013)
Funding: $65 million
Key Investors: Accel Partners, Founder Collective, Kleiner Perkins Caufield & Byers, MHS Capital, New Enterprise Associates, Ali & Hadi Partovi (angel investors)


Vital Stats

  • Opower now works with 75 utility partners to change behavior within 15 million homes.
  • Also works with eight of the 10 largest U.S. utilities.
  • Pioneer in software as a service (SaaS) model for utility sector.
  • 75 utility customers, including eight of the 10 largest U.S. utilities.
  • Has saved customers over 2.3 terawatt hours of energy, over $280 million on energy bills, and has abated over 3 billion tons of CO2.
  • 280 percent five-year revenue compound annual growth rate.
  • Opower grew by 79 percent in 2012.
  • The average person spends six minutes a year thinking about their energy use. (Accenture)


On Disruption

"Disruption is inventing new products that align consumers and government to create outcomes that are better for all of us." -Daniel Yates, CEO and Founder

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Contact CNBC Disruptors

  • Email: cnbcdisruptor@nbcuni.com

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