Think Energy by ENGIE Selects Grid4C as AI Machine Learning Provider to Enhance Smart Thermostat Offering
New high value offering delivered by Think Energy will leverage
Grid4C’s AI machine learning insights in an advanced mobile app that
will optimize smart thermostat efficiency settings, predict and detect
home appliance faults, and simulate impacts to energy bills in real time
Grid4C, recently ranked the #1 Predictive Analytics vendor by GTM
Research, announced today it has been selected by ENGIE to enhance its
Think Energy business’ smart thermostat offering for residential
customers in competitive electricity markets. Think Energy will offer
advanced machine learning insights through its own Think Energy branded
app, which will give customers the ability to optimize their smart
thermostat efficiency settings, be alerted to inefficiencies and faults
with their home appliances, and see the impact to their energy bills in
real time from any changes they make to their thermostat settings.
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“Grid4C impressed us by reliably delivering the most sophisticated
machine learning insights to enable valuable services in our customer
programs,” said Joel Elkins, Vice President of R&D and Product
Development with Think Energy. “We can now deliver more value from smart
meters and smart thermostats and show customers which appliances are
inefficient and faulty, as well as how they can save money on their
energy bills in real time. We expect these services to improve customer
loyalty and generate improved profitability for ENGIE and our Think
Energy brand.”
Grid4C’s machine learning insights will be delivered to Think Energy
through a Data Science as a Service model to enable the following
capabilities through the app:
-
Optimize smart thermostat settings and simulate how any thermostat
setting changes will impact the customer’s forecasted energy bill;
-
Alert customers when inefficient or faulty home appliances are
detected for major home appliances and home envelope issues;
-
Predict and diagnose HVAC faults;
-
Present customers with energy use and costs on a monthly, daily, or
hourly basis; and
-
Alert customers when deviations from their usage patterns are detected
“ENGIE is delivering unprecedented value for its customers through this
offering,” said Dr. Noa Ruschin-Rimini, Founder and CEO of Grid4C. “By
combining customer usage data with smart thermostat data, they can help
customers optimize thermostat settings, as well as predict and detect
faulty home appliances to deliver real customer value. We’re excited to
partner with Think Energy to improve customer loyalty and grow
profitability for their business.”
About Grid4C
Ranked #1 Predictive Analytics vendor by GTM Research, Grid4C empowers
energy providers and their consumers with the power to foresee,
leveraging advanced AI Machine Learning capabilities to deliver
accurate, granular forecasts at the meter / device level and to predict
anomalies and malfunctions, in order to maximize the operational
efficiency and generate new revenue streams for energy providers. The
Grid4C solutions are deployed in 4 continents, analyzing millions of
smart meters / smart devices, generating billions of predictions every
day.
To learn more about Grid4C, visit www.grid4c.com.
About Think Energy by ENGIE
Think Energy is a retail energy provider focusing on residential and
small commercial customers. Think Energy – a business of ENGIE Resources
NA, one of the largest commercial retail electricity providers in the
United States – is also part of the international energy group ENGIE,
which has been serving customers, large and small, for more than 175
years. For additional information, visit thinkenergy.com, or follow
Think Energy on Twitter @ThinkEnergy and Facebook.com/ThinkEnergy.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171114005034/en/
Copyright Business Wire 2017
Source: Business Wire
(November 14, 2017 - 8:08 AM EST)
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