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 October 27, 2015 - 5:15 AM EDT
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Energy-Focused Utility Applications Have the Potential to Save Customers Eight Percent, According to Navigant Research

The market for energy applications is in its early stage, but is expected to experience further growth, report finds

A new report from Navigant Research explores the residential energy application (app) market, including its drivers, inhibitors, and regional trends, focusing on the consumer, prosumer, and utility segments.

Residential customers are beginning to turn to energy-focused apps offered by utilities and vendors of energy-related hardware and services to increase energy efficiency in their homes and to save money. Through new tools, and with data available at their fingertips, customers can monitor their energy use to reduce consumption, while utilities benefit from more efficient grid operations. Click to tweet: According to a new report from Navigant Research, active users of utilities’ energy apps have experienced average savings of six percent to eight percent.

“Customers are using apps via mobile devices like smartphones and tablets, as well as PCs, for more and more of their daily needs,” says Neil Strother, principal research analyst with Navigant Research. “Energy services companies in the 21st century need to stay in tune with them by providing appropriate apps and developing an adaptable and long-term strategy, helping customers to more efficiently monitor and manage their energy consumption.”

Currently, several utilities offer energy apps for customers, including DTE Energy, Direct Energy, and Infinite Energy, and point to generally positive customer experiences and possible energy savings of approximately eight percent. The market for energy apps is still in its early stage, according to the report, but is expected to grow as more utilities and energy service companies become more technologically savvy.

The report, Energy Apps for Residential Customers, examines the residential energy app market, with a focus on three segments: consumer apps, prosumer apps, and utility apps. The study analyzes the drivers, inhibitors, and regional trends related to energy apps and highlights several case studies where these apps are being used today. Some of the key players in the residential energy app market are profiled, and various business models and best practices for designing and deploying winning energy apps are discussed. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Energy Apps for Residential Customers, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Navigant Research
Lindsay Lorenz, +1-303-493-5477
lindsay.lorenz@navigant.com
or
Megan Maupin, +1-312-583-5703
megan.maupin@navigant.com


Source: Business Wire (October 27, 2015 - 5:15 AM EDT)

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