Metering, Smart Grid

Smart thermostat maker Nest buys MyEnergy

Nest Labs Inc. has acquired MyEnergy to further Nest’s goal of helping people address home-energy consumption. The acquisition also accelerates Nest’s services for energy providers, giving them a way to share data with their customers.

MyEnergy has users in all 50 U.S. states and spans more than 1,500 utility territories, allowing people to track their electric, gas, and water usage in one place online, according to Nest.

“Giving our customers more in-depth access and analysis of their energy usage has always been part of the Nest vision,” said Tony Fadell, Nest founder and CEO. “We’ve made great strides in the past year and a half; by bringing MyEnergy into the Nest family, we can reach our goals even faster. The MyEnergy team is incredibly like-minded and we’ve already begun working with them to find ways to integrate their technology into Nest products.”

MyEnergy is an online service that gathers energy use and utility bills in one place, and allows comparisons with friends and family.

For energy providers, MyEnergy offers an affordable and modern online solution for customer engagement that’s easy to implement across organizations of all sizes and doesn’t require any smart grid technology or smart meters for adoption.

Nest was founded by Apple alums Tony Fadell and Matt Rogers. Nest is privately funded and based in Palo Alto, Calif.