03 Jan '12, 2am

Opower looks to replicate US success in Europe:

A US energy efficiency firm whose fans include Barack Obama and David Cameron is now looking to transfer its rapid growth across the Atlantic to Europe. Opower has expanded to be worth an estimated $1bn after signing contracts with 60 US utilities, including eight of the 10 largest in the country, since being established in 2007. FURTHER READING Boost for smart grid as government outlines back-up power plans Businesses urged to flick switch on £700m in efficient lighting savings It has brought in revenues of $11.4m over the year from software that lets homeowners measure and benchmark their energy use and access reports containing tips on lowering consumption. Over five million households receive these reports and Opower claims 10 million users in the US alone. Now the company's European expansion drive has seen it clinch a deal with First Utility in the UK. Nandini Basuth...

Full article: http://www.businessgreen.com/bg/news/2134507/opower-looks...

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