Home Energy Management

Parks Associates research finds that more than a third of US internet households are likely to purchase a vehicle in the next year. While EVs are a growing market, the EV ecosystem is still immature and requires substantial investments to scale and meet future demands. Consumers have many concerns around the reliability and security of the vehicle, the charging infrastructure being in place to alleviate charging concerns, and the operational aspects that come with it, including the use of...

Parks Associates’ study “ Smart Energy at Home: Renewable, Responsive, Resilient ” reveals that 44% of US internet households say they are taking active steps to reduce their energy consumption at home. The research firm surveyed over 10,000 internet households to determine their adoption, usage, and attitudes regarding smart energy solutions and utility programs. Energy savings are an important benefit for consumers, and many households are actively monitoring and...

Parks Associates research finds that most internet households (54%) think their electric bills are too high, and only 12% of broadband households are not taking any energy-saving actions. However, due to accelerating changes in the energy markets, with multiple sources now serving energy to the home and services such as on-demand pricing becoming more common, creating a much more complex environment for consumers. On Tuesday, June 28 at 1 PM CT US (2 PM ET / 11 AM PT), Parks...

AutoGrid, which specializes in AI-driven optimization for distributed energy resources (DERs), has just announced that it will be acquired by Schneider Electric. The two companies have been working together since 2015 and in 2020, they introduced an integrated solution focused on digital transformation for utilities. Once the agreement passes regulatory approval and the usual closing conditions, the deal is expected to close in Q3. Parks Associates’ research reveals that smart...

Data analytics solutions, including disaggregation and energy modeling, provide detailed information and real-time feedback that can inform energy providers' home energy efficiency and demand response programs. Data sources include interval energy consumption data from meter data management systems and devices in the home such as thermostats and major appliances. The effectiveness of many energy programs is tied to applying this type of technology. More consumers see the benefits of...

Parks Associates continues its thirteenth-annual Smart Energy Summit: Engaging the  Consumer with the virtual session, State of Residential Energy Management , on Thursday, April 7, from 11:00 AM to 1:30 PM CT. Bruce Sher , Head of Business Development LG Electronics  will be the featured Fireside Chat speaker at 12:00 PM CT, addressing the changing markets for residential energy management. Prior to the session, Bruce provided insights on key trends that will...

Parks Associates continues its thirteenth-annual Smart Energy Summit: Engaging the Consumer with the virtual session, State of Residential Energy Management , on Thursday, April 7, from 11:00 AM to 1:30 PM CT. Paul Wezner , VP, Product and Customer Success, Powerley will be featured on the interactive panel, The Future of Energy: A Paradigm Shift, at 11:15 AM CT, addressing how the new requirements for active consumer participation in energy savings will drive the transformation...

Parks Associates’ research reveals that 20% of US broadband households report the COVID-19 pandemic has increased their interest in smart energy solutions that can help them manage their energy use, cost, and comfort. Energy management programs and smart energy solutions can deliver immediate cost benefits to consumers, but the energy industry has generally been unable to find solutions that trigger widespread engagement among their customer base. Utilities have tried different...