Opower Named Category Leader in Navigant Report on Home Energy Management

Analysis finds strong alignment between Opower solutions and utility goals

ARLINGTON, Va.--()--Opower (NYSE: OPWR), the global leader in cloud-based software for the utility industry, today announced it has earned the top spot in a Navigant Research report on companies in the home energy management (HEM) space. Opower received the ranking, according to Navigant, because of its broadly applied data analytics solution that spans home energy management segments with a focus on engaging customers with actionable information and consumption comparisons. This is the second consecutive HEM “leaderboard” report in which Navigant recognized Opower as the category leader.

“This is a great recognition for Opower,” said Opower CEO Dan Yates. “We’ve built industry-leading technology to help customers more effectively engage with their utility and manage their energy use. Being recognized as the industry leader in this report - two times in a row - is a great validation for the work we’re doing with our utility partners to support customers.”

Navigant defines home energy management as a broad market segment covering technologies and services that consumers use to help them better manage and control their home energy consumption. Navigant expects steady growth for HEM products and services through 2023, with global HEM revenue expected to peak at over $3 billion in 2020.

This Navigant Research Leaderboard Report examines the strategy and execution of 16 companies that offer HEM software solutions and rates them on 12 criteria. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked to provide an objective assessment of each company’s relative strengths and weaknesses in the global HEM market.

The executive summary of the report is available online at: https://www.navigantresearch.com/research/navigant-research-leaderboard-report-home-energy-management.

About Opower

Opower (NYSE: OPWR) is an enterprise software company that is transforming the way utilities engage with their customers. Opower’s customer engagement platform enables utilities to reach their customers at moments that matter through proactive and digitized communications that drive energy savings, increase customer engagement and satisfaction, and lower customer operation costs. Opower’s software has been deployed to more than 95 utility partners around the world and reaches more than 50 million households and businesses. For more information, please visit www.opower.com and follow us on Twitter at @Opower.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding benefits from the use of Opower’s solutions. Any statements in this press release about future expectations, plans and prospects for Opower represent the Company's views as of the date of this press release. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. While the Company may elect to update these statements at some point in the future, the Company specifically disclaims any obligation to do so.

Contacts

Opower
Alex Kotran, 330-607-5589
alex.kotran@opower.com

Release Summary

Opower named category leader in home energy management report by Navigant Research.

Contacts

Opower
Alex Kotran, 330-607-5589
alex.kotran@opower.com