Hayley Tsukayama for The Washington Post: Tony Fadell’s decision to step down from the helm of Nest last week came as a surprise but not a big one.
The problems specific to the smart appliance company — which is owned by Google — have been well-documented. But the questions that now loom over Nest aren’t isolated to this one firm, but over the entire smart home industry in general.
Nest, after all, was supposed to be the trailblazer leading the smart home revolution. When Google put down $3.2 billion to buy it in 2014, it appeared to make sense. The company was already a fixture in consumers’ online lives, and the purchase would give Google an entry point into their offline lives. The charismatic Fadell seemed to be the right pioneer, given his product experience at Apple that he could apply to Google’s more open computing vision. But Nest proved to be a less-than-ideal poster child. Cont'd...
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CTA Study: The increasing use of home automation technology through the Internet of Things (IoT) has the potential for substantial energy savings and greenhouse gas emissions reductions, according to a new study released by the Consumer Technology Association (CTA)™.
The study, The Energy Savings Potential of Home Automation Technology, finds that widespread adoption of home automation products such as temperature, circuit, and lighting control, if used for energy savings purposes, could collectively avoid up to 100 million tons of CO2 emissions and reduce total residential primary energy consumption by as much as 10 percent — savings that are more than consumer electronics’ share of residential primary energy consumption (8.4 percent), according to a separate CTA study.
CTA’s new study reports the overall U.S. technical energy savings potential from several individual approaches ranges from 0.3 to 1.1 quadrillion Btu (quads) of primary energy consumption, or from 1 to 5 percent of total residential primary energy consumption. The study’s findings, which represent the best current estimates of achievable savings, highlight several areas where home automation could deliver energy savings, including connected thermostats, HVAC zoning, and control of window shades, circuits, and lighting. Cont'd...
Annual Revenue for Communicating and Smart Thermostats is Expected to Reach $4.4 Billion in 2025, According to Navigant Research
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