Knoxville-based Fiveworx has licensed an Oak Ridge National Laboratory technology called CoNNECT that will help consumers reduce their utility bills by analyzing their home energy usage. CoNNECT inventors (from left) Olufemi Omitaomu and Budhendra Bhaduri talk with Fiveworx CEO Patrick Hunt. (Photo courtesy ORNL)
Knoxville-based Fiveworx has licensed an Oak Ridge National Laboratory technology that will help consumers reduce their utility bills by analyzing their home energy usage.
The ORNL technology, called Citizen Engagement for Energy Efficient Communities (CoNNECT), enables utility customers to easily monitor their energy consumption in a user-friendly Web-based platform. Fiveworx will apply the CoNNECT tool toward its mission to help utilities increase participation in their energy efficiency programs while reducing their marketing costs.
“Our goal is to motivate consumers to do five or more things to save money on their utility bills,” said Fiveworx CEO Patrick Hunt. “By combining principles of behavioral economics, consumer segmentation, big data, and predictive analytics, we help utilities give their customers a truly personalized energy savings plan that they’ll embrace and use to adopt energy efficient measures and behaviors.” [Read more…]
