GO
Loading...

Enter multiple symbols separated by commas

Opower

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

Technology

  • Tech a future job killer?

    Looking to the future, Matt Barrie, Freelancer.com CEO, Cynthia Breazeal, JIBO founder; and Eric Horvitz, Microsoft Research, discuss the impact technology will have in the workforce.

  • Audience members watch a movie through 3D glasse at an IMAX theatre in Wuhan of Hubei Province, China.

    U.S. tech firms have been encountering growing hurdles in China. Here's what Jim Oberweis would avoid and what he would buy.

  • Hewlett-Packard

    HP reported strong notebooks sales in its fiscal second quarter, adding that its planned split into two companies is on track.

Latest Special Reports

  • Financial Advisor

    CNBC looks at how technology, product development, succession plans and client relations impact financial advisory firms.

  • Waitress tablet

    Trailblazers leveraging the power of technology and innovation to grow their business—and disrupt the competition.

  • Is an active twist on passive investing the right portfolio move? An inside look at the rise of ETF strategists.