Smart grid companies named as ‘Technology Pioneers’ by World Economic Forum


Geneva, Switzerland — (METERING.COM) — September 2, 2010 – Two smart grid companies, OPOWER and Tendril, have been named by the World Economic Forum among its new class of Technology Pioneers, comprising 31 of what the body regards as the most innovative technology start-ups from around the world, representing the cutting edge in innovation and poised to have a critical impact on the future of business, industry and society.

The identification of the Technology Pioneer companies was made from more than 330 applications from 13 countries across the world, and that were evaluated by 68 global technology experts. The technology categories include energy and the environment, information technologies and new media, and life sciences and health.

OPOWER is an energy efficiency software company that helps utilities meet their efficiency goals through effective customer engagement. Using cutting edge behavioral science and patent-pending data analytics, the OPOWER platform enables utilities to connect with their customers in a highly targeted fashion, motivating reductions in energy use, increased program participation and overall customer satisfaction.

Tendril provides an open, scalable, secure energy management software platform for the smart grid that enables a dialogue between energy providers and their customers. Providers gain real time information and control to manage and optimize grid loads. Customers get powerful insight into their consumption and have the power to control their utility spending and environmental impact.

These companies will receive their recognition during the Annual Meeting of the New Champions in Tianjin, People’s Republic of China, later this month.