Smart thermostat maker Nest acquires utility tracker MyEnergy to cozy up to energy providers
Posted on 05-07-2013
Nest, the company behind a smart, internet-connected thermostat, has acquired utility bill tracking service MyEnergy for an undisclosed amount.This news follows the appointment of a new CFO for Nest: Tesla’s Tom vonReichbauer.While the acquisition of MyEnergy will see new talent make its way into the thermostat company, it’s clear that Nest’s motives lie in MyEnergy’s connection to energy providers.Nest details that it believes this acquisition will accelerate “Nest’s services for energy providers, giving them a cost-effective way to share data with their customers.” In addition, Nest founder and CEO Tony Fadell shares that “bringing MyEnergy into the Nest family” will help the company give “customers more in-depth access and analysis of their energy usage.
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