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NestLabsInnovationforEnergyandtheEnvironmentMarioAvila,JeffreyQuackenbush,CarlosSaborioVillalta,andChristopherYoder
ExecutiveSummaryNestLabsSmartThermostatRevolutionizingtheheatingandcoolingindustry42%ofconsumerhomeenergyexpendituresattributedtoheatingandcooling(EIA)orroughly$1,000ayearLargethermostatmarketandanevenlargerhomeappliancesmarketSavingsof$201peryear
Introduction1stand2ndgenerationNestlearningthermostatsConstantconnectionviaasmartphone,tablet,andInternetSoldatLowe’s,BestBuy,Amazon,andtheAppleStore130employeesBasedinPaloAlto,CAKleinerPerkins,GoogleVentures,and5otherwellestablishedventurecapitals
CurrentandFutureDemand/Market
NestLearningThermostatTheresultsofaOctober2012reportfoundthathomeownersusingNest’sAuto-ScheduleandAuto-Awayfeaturessaved20.1%.4Workswith95percentofall24Vsystemsincludinggas,electric,forcedair,heatpump,radiant,hotwater,solar,andgeothermal
UserFriendlyInterfaceforControlUnit-US2012/0203379A1ThermostatGraphicalUserInterface-US2012/0131504A1ThermostatUserInterface-US8,195,313B1ThermostatWithSelf-ConfiguringConnectionstoFacilitateDo-It-YourselfInstallation-US2012/0248211A1SystemMethodsforUpdatingClimateControlAlgorithms–UnderReviewAdaptivePowerStealingThermostat–UnderReviewRichPatentPortfolio
LeadershipTonyChipMattJohnErikYoky
MarketDemandTugrulU.Daim,IbrahimIskin,(2010),Smartthermostats:areweready?,InternationalJournalofEnergySectorManagement,Vol.4Iss:2pp.146-151CustomerPreferencesForSmartThermostats
ThermostatCompetition
OtherCompetitorsPullsinformationfromsmartmetersandcertainGEproductsDoesn’tallowcustomerstheabilitytocontrolunitsremotelyonlyprovidesinformationTadoiscurrentlyonlysoldinGermanyFreehardwarebut$126annualsubscriptionfee
CurrentandFutureDemand/Market91millionhouseholdshavethermost
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