This post originally appeared on EDF's Energy Exchange blog.
On Monday, Google announced it is spending $3.2 billion to buy Nest Labs, the trailblazing company funded through its Google Ventures program and responsible for transforming “unloved” home products into beautiful, smart appliances. That’s a lot of money for a business with only two products: a thermostat and a smoke detector. Nest is not exactly reinventing the wheel, right? Well, actually they are.
Welcome to the Smart Home
Google’s move is a starting shot in the race to become the go-to smart home provider, putting in place stepping stones to realizing a future in which our homes will become one ecosystem – integrated and functioning as a whole. Customers are looking for smart appliances that can notify you when they are wasting energy or not performing properly. Plus, these innovative technologies provide customers with more opportunities to engage with and benefit from other cost- and energy-saving solutions, like demand response, rooftop solar power and electric vehicles. This puts customers in the driver seat, giving them insight and control over their daily lives in ways never before imagined (even if just to use automated, “set-it-and-forget-it” functionality). Read More
Source: Earth Techling
As we highlighted a few weeks back, Texas is on a new path to accelerating its clean, renewable energy economy. The opening of the Competitive Renewable Energy Zones (CREZ) now enables more West and Panhandle wind turbines to fuel the state’s major metropolises, and the completion of the project couldn’t come soon enough.
A number of companies are looking to grow and invest in Texas, thanks to its plentiful, clean wind power. Google, Microsoft and BBVA Compass are leading the charge and signing long-term agreements to purchase Texas wind energy. These contracts lock in considerable revenue for the state and guarantee Texas’ ranking as the number one wind-producing state in the nation. In fact, West Texas wind has outpaced the growth of coal, natural gas and all other fuel sources that supply the grid, according to a recent report by the U.S. Energy Information Administration.
In September, Google added to its growing stock of renewable energy by purchasing the entire output of a 240-megawatt wind farm (enough energy to power 84,000 homes) outside Amarillo to power its Oklahoma data center. Late in November, Microsoft signed a 20-year contract to purchase all of the energy from a 110-megawatt wind farm outside Fort Worth to power its San Antonio data center. And BBVA Compass recently signed a 10-year agreement with Choice! Energy Services, a Houston-based retail energy broker, to power its Texas branches exclusively with wind and solar energy. Read More