Energy companies are all striving to persuade consumers to use less energy, but the smart ones are making money by selling households the means to do it. Energy management within the smarter home is hotting up as a growth sector and Metering.com has noted British Gas’s bold move into consumer products.
The Hive smart thermostat can be bought by any consumer, whether they are a British Gas customer or not, and sits alongside Google’s Nest on the UK high street.
Commercial director Nina Bhatia commented this week on the product’s success since it was launched 12 months and picked up on a key point for energy companies considering a similar launch. Smarter home: British Gas reflects on how it took on Google’s Nest
The Big Six player created a separate business unit to develop Hive so they could “work in a nimble way and attract the sort of talent vital to invent, launch and support this type of product.”
Time then for energy companies to shake off their utilitarian roots and start thinking like businesses because opportunity is there.
More from Metering.com this week
In the West Indies, local electrical utility St Kitts Electricity Company (SKELEC) has given the green light to a smart meter rollout following a successful pilot earlier this year. The two-year deployment is part of a national directive to develop a smart grid.
Two-way smart water meters are the fastest growing segment of the global water measurement market and will hold a 29 per cent share by 2020, according to new research from global information company IHS Technology.
US smart grid tech company Silver Spring Networks has bagged an advanced metering infrastructure (AMI) deal with US utility Choptank Electric Cooperative. The company said it views the cooperative utility market as one that holds “significant opportunity”.
Bulgarian meter manufacturer Incotex has signed a deal with Nigerian engineering company Techno Gas and Power to supply an and manufacture prepayment meters to meet the country’s 6.5 million demand.
Metering.com is the sister portal to Engerati covering global smart metering news.