ARLINGTON, Va.--(BUSINESS WIRE)--Opower (NYSE: OPWR), the leader in cloud-based software for the utility industry, today announced it has been named to Fortune’s first “Change the World” list of 50 companies that have made a sizeable impact on major global social or environmental problems as part of their competitive strategy. Opower is joined on the list by Google, Facebook, Starbucks, Whole Foods, CVS Health, Nike, Twitter, Kickstarter, and other leaders in innovation and social good.
“Being included on Fortune’s list is further affirmation of Opower’s commitment to our double bottom line,” said Opower CEO Dan Yates. “Leading utilities want their customers to have more control over their energy use, and we’ve been fortunate to work with clients who have helped us implement effective programs that are producing large-scale energy efficiency savings while simultaneously enhancing their customers’ overall service experience.”
Opower’s software platform is used by over 95 utilities worldwide to help them manage their relationships with their customers. In partnership with its utility partners, Opower has had a tremendous impact on the environment. To date, Opower’s programs have saved over 8 terawatt hours of electricity, equating to over $1 billion in customer savings and enough energy to power all of the homes in New Mexico for a year.
"Prodded by socially conscious customers and idealistic employees, as well as a skeptical public, businesses are searching for new ways to prove capitalism's power to rectify social ills,” said Fortune Editor Alan Murray. “Fortune's new Change the World list is our contribution to this trend. It is meant to shine a spotlight on companies that have made significant progress in addressing major social problems as part of their core business strategy. It is based on our belief that capitalism should be not just tolerated but celebrated for its power to do good.”
The Change the World List was assembled from more than 200 recommendations by dozens of business, academic, and nonprofit experts around the world and vetted by Fortune on four criteria: the degree of business innovation involved, the measurable impact at scale on an important social challenge, the contribution of the shared value activities to the company’s profitability and competitive advantage, and the significance of the shared value effort to the overall business.
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.
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.