Opower Surpasses 400 Billion Meter Reads Worldwide

Forty percent of U.S. homes now analyzed by Opower

ARLINGTON, Va.--(BUSINESS WIRE)-- Opower (NYSE: OPWR), the global leader in cloud-based software for the utility industry, today announced that its platform has surpassed 400 billion meter reads. Opower now analyzes 40 percent of all residential energy consumption data generated in the United States. This volume of data uniquely positions Opower to detect new behavioral patterns and help optimize existing utility analytics.

“The sheer amount of our data enables us to identify trends that no one else can,” said Dan Yates, CEO of Opower. “Thanks to our data lead, we have been able to help utilities lower cost to serve and meet efficiency goals, while improving customer satisfaction. We have consistently seen that more data allows us to have greater insight into utilities and their customers.”

Opower’s platform uses energy data from over 55 million energy customers aggregated from nearly 100 utilities worldwide. Opower’s innovative capabilities include:

• Segmenting customers based on load type: using Opower’s data warehouse and other third party data, utilities can segment customers based on the times of day they use the most energy. These load curve archetypes enable utilities to design marketing and outreach programs based on actual consumer behavior.
• Delivering predictable outcomes: the volume of data enables much more accurate forecasting of results across each of Opower’s solutions -- Energy Efficiency, Behavioral Demand Response, Digital Engagement and Customer Care.
• Unlocking insights: Opower's state of the art software infrastructure and Hadoop-based data store allows for large data processing high speeds. This gives utilities faster, more reliable access to insights from customer data to help inform their programs.

These capabilities are enabled by Opower’s technology platform, Opower 6. Last month, Opower announced a broad set of upgrades to Opower’s industry-leading platform that provide best in class tools and analytics to all clients, as well as a new Customer Care solution.

About Opower

Opower (NYSE: OPWR) is an enterprise software company that is transforming the way utilities engage with their customers. Opower’s customer engagement platform enables utilities to reach their customers at moments that matter through proactive and digitized communications that drive energy savings, increase customer engagement and satisfaction, and lower customer operation costs. Opower’s software has been deployed to more than 95 utility partners around the world and reaches more than 55 million households and businesses. For more information, please visit www.opower.com and follow us on Twitter at @Opower.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding benefits from the use of Opower’s solutions. Any statements in this press release about future expectations, plans and prospects for Opower represent the Company's views as of the date of this press release. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. While the Company may elect to update these statements at some point in the future, the Company specifically disclaims any obligation to do so.

Opower
Media Contact
Carly Llewellyn
[email protected]
or
Investor Contact
Charlie Mayer, 571-483-5200
[email protected]

Source: Opower

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