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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