Disaggregation Leader Exceeded Sales Goals, Expanded Offices,
and Doubled Staff for Strong 2016
Bidgely, the world leader in disaggregation-powered utility solutions,
today announced that it is on track to cross over two million homes
served by its HomeBeat platform by mid-year 2017. The company completed
a strong year of business growth in 2016 with several multi-million
dollar contracts, including sales of an alerts system to one of the
largest utilities in the U.S., the HomeBeat mobile app to a large
mid-Western IOU, and a disaggregation-powered consumer audit to another
large IOU. Over the last year, the company exceeded its sales goals,
launched new product features such as alerts and a home assessment tool,
and expanded its global presence to Europe and Asia Pacific. For
deployments already in place, Bidgely’s platform showed consistently
proven results, with Energy
Efficiency savings of over 2% at London Hydro and Demand
Response results of 30% peak shift at United Energy.
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Bidgely 100% Itemization (Photo: Business Wire)
“This was a breakout year for disaggregation, which has generated
significant attention from utilities who are increasingly prioritizing
customer engagement and looking for innovative solutions,” said Abhay
Gupta, Bidgely CEO and Co-Founder. “For the first time, several
multimillion-home IOUs published RFPs specifying data-based
disaggregation as a mandatory requirement.”
Expanding from initial pilot and proof of concept rollouts, Bidgely
closed several multi-million dollar full-scale contracts to be delivered
in 2017. Notable utility wins in 2016 included:
-
One of the largest utilities in the United States chose Bidgely to
deliver an alerts system to its customers to reduce bill shock and
increase consumer education.
-
After a highly competitive RFP process, a Canadian utility chose
Bidgely for its consumer engagement solution. The deployment is in
final test phase.
-
A large mid-Western IOU chose Bidgely’s energy analytics and mobile
app to drive energy savings and customer engagement.
-
A large IOU chose Bidgely to deliver a disaggregation-powered consumer
audit. The multi-year contract will cover over a million homes.
Bidgely more than doubled its staff during 2016 and expanded to new
headquarters in Mountain View. In addition, driven by global demand and
new customers in Europe and Asia Pacific, Bidgely has increased its
presence across these regions. Bidgely grew its data science team to
broaden disaggregation appliances and energy coverage and released four
significant new features:
-
Alerts: Disaggregation-powered alerts notify consumers about
high usage and provide guidance on causes.
-
100% itemization: 100% of energy consumption is itemized into
appliance categories by combining data-based disaggregation and
statistical modelling.
-
Home Energy Assessment Survey / Audit tool: Bidgely’s
disaggregation optimizes participation and completion rates for
consumer home energy assessment surveys and audits.
-
Omni-channel: Bidgely’s platform enables utilities to reach
100% of consumers with a combination of opt-in (mobile, web) and
opt-out (email, SMS, paper) channels.
Bidgely will be exhibiting these new features at Booth #3703 at the
upcoming Distributech event in San Diego.
About Bidgely
Bidgely is transforming the way utility customers use energy. By
combining the power of SaaS-based analytics with consumer-friendly Web
and mobile applications, Bidgely provides personalized and actionable
insights that help customers save energy and enable utilities to build
enduring customer relationships. The company works with utilities
serving residential customers worldwide. For more information, please
visit www.bidgely.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170124005431/en/
Copyright Business Wire 2017
Source: Business Wire
(January 24, 2017 - 9:00 AM EST)
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