In a previous article I talked about my thermostat and the Internet of Everything [read here] I questioned the true value my smart meter was providing to my home and my wallet. I said what’s missing is a thermostat that helps me understand my energy consumption habits, allows me to stay within budget (and save money!) and eventually take advance of spot prices on energy. Wouldn’t that be cool?!
The good news is that there are products on the market today that are heading in the right direction. Nest, recently acquired by Google for $3.2 billion [read here], offers a “learning thermostat” which Bill MacGowen wrote about earlier in his post: My home thermostat and the Internet of Everything” [read here].
The Nest acquisition is a big deal and there’s already discussions starting to surface on what Google plans to do with the data they will gather from Nest devices. Why is Google getting into the energy management and HVAC market? What will they do with the data? Will there be ads showing up on my Google thermostat? This led me to wonder who else was in this market space? Are there any alternatives to Nest? Of course there are but they’ve been overshadowed by Nest because of the origins of it’s founder (Apple) and Google’s recent purchase.
One of them is ecobee, a Canadian company. While they may not be a household name (yet) they’ve been around since 2007 plugging away and growing their business organically. I reached out to ecobee because I wanted to learn more about the company, it’s founder and his thoughts on where he sees the future heading for IoT/IoE.
Below is part two of my email conversation with the founder and CEO of ecobee, Stuart Lombard. Click here to read part one of the interview.
In 2013, you opened your API allowing others to integrate with ecobee smart thermostats. Can you explain what this means for advancing IoT and what success looks like so far?
There is a lot of innovation around IoT right now. At ecobee, we want to give our customers the opportunity to experience all of it. But we know we can’t build it all. So we’ve opened our APIs to allow others to integrate with us so we can deliver more value to our customers, and our customers can choose the solutions they want. Currently, we have hundreds of companies – like SmartThings and revolv – building applications around our platform. We’re excited to see where our open API will take our technology. Read More »