Dive Summary:
- Alarm.com acquired EnergyHub, a home energy management startup with 1 million customers, to expand demand response technology it has implemented at San Diego Gas & Electric and other utilities.
- “We believe that EnergyHub’s Mercury platform provides the best available solution for powering comprehensive residential demand response and energy efficiency programs,” Steve Trundle, CEO of
- Alarm companies can leverage big deals in the energy management space because they already have a relationship with customers and can provide a suite of connected home services.
From the article:
“Energy efficiency, by itself, is a pretty dull sell, but packaged with convenience, comfort and safety, the proposition gains appeal.”