an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . march 2016 learn how and when to remove this template message opower type subsidiary of oracle corporation industry software founded arlington county virginia 2007 founder dan yates alex laskey headquarters arlington county virginia u.s. area served worldwide key people dan yates ceo alex laskey president products energy reporting software as a service web portal energy alerts social energy app offers & rebates thermostat app utility csr tool number of employees 500 february 2014 website opower.com opower is a publicly held software as a service company that provides cloud based software to the utility industry and their customers citation needed . working with 95 utilities and serving 50 million homes in 9 countries opower s customer engagement platform positions utilities as trusted citation needed energy advisors to the customers they serve . opower s software provides customers with better citation needed information about their energy consumption along with personalized ways to save energy and money . opower s technology platform analyzes more than 300 billion meter reads to deliver its services and has created enough energy savings through behavior change to power all the homes in a city of 1 million people for a year . the average customer receiving the opower platform has cut energy usage by more than 2.5 percent . 1 the american council for an energy efficient economy concluded in a june 2010 report 2 that customer feedback programs like opower s could boost energy security help the environment and save consumers money . according to the study feedback is proving a critical first step in engaging and empowering consumers to thoughtfully manage their energy resources . contents 1 history and growth 2 science and technology 3 president obama s visit 4 see also 5 references 6 external links history and growth edit founded in 2007 by long time friends dan yates and alex laskey opower is headquartered in arlington virginia . as of february 2014 it employed more than 500 people in five offices arlington san francisco london singapore and japan . in june 2010 ilike founder hadi partovi joined opower s board to advise on its west coast growth strategy . 3 in july 2010 opower opened a second office in san francisco and had fred butler a former president of the national association of regulatory utility commissioners naruc and commissioner of the new jersey board of public utilities join its advisory board . in 2013 opower added former utility ceos john rowe and dick kelly and former white house director carol browner to its advisory board . tom brady former chairman of bge was named chairman of the advisory board . 4 also in 2013 opower added marcus ryu ceo of guidewire and deep nishar svp of products and user experience at linkedin to its board of directors . 5 on september 1 2010 the world economic forum announced the company as a technology pioneer for 2011 . 6 in november 2010 the company announced its third round of venture capital funding a 50 million investment led by accel partners and kleiner perkins caufield & byers to accelerate its expansion . 7 during a visit to opower headquarters in arlington in 2010 president obama said the company s growth is a model of what we want to be seeing all across the country . 8 in may 2013 opower was named to the inaugural cnbc disruptors 50 list . 9 in november 2013 opower was named the 1 fastest growing tech company in the dc region and 20 in the us by deloitte . 10 ceo dan yates gave the keynote address at the cleantech group s cleantech forum in san francisco in march 2014 . 11 opower held its initial public offering on april 4 2014 . 12 opower laid off 13 7.5 % of its global workforce on april 8 2016 . on may 2 2016 opower announced that it was being acquired by oracle . 14 15 16 science and technology edit opower s software uses statistical algorithms to perform pattern recognition analysis from data in order to derive actionable insights for utility customers . without any devices installed in the home the platform can perform usage disaggregation analysis presenting end users information such as heating or cooling usage apart from overall usage and thus allowing them to spot additional opportunities to save money . 17 opower s energy reports incorporate the behavioral science techniques of robert cialdini opower s chief scientist and the author of influence a 1984 book on persuasion . 18 the reports include targeted tips that seek to motivate customers to lower their energy consumption to the normal neighborhood rate . the reports also feature smiley face emoticons for the most energy efficient homes a feature that opower added after research showed that some consumers who used less energy than average started using more once they knew the norm . the reports also compare energy usage among neighbors with similarly sized houses . 19 the company mails the reports to consumers but also offers the information in other formats including internet portals text messages email and in home energy displays . 20 opower s software enables customers to input more information to generate recommendations about specific types of energy use such as air conditioning and heating . 21 president obama s visit edit barack obama president barack obama visited opower headquarters in arlington on march 5 2010 . he touted the company as an economic success story amid a troubled economy and as a great emblem for clean energy jobs . 22 he made the visit two months after announcing a 2.3 billion program 23 of tax credits for green jobs . the work you do here ... is making homes more energy efficient it s saving people money it s generating jobs and it s putting america on the path to a clean energy future obama said at opower . 24 the white house released a video of obama s appearance . 25 see also edit energy management software smart grid clean technology references edit energy use neighbor vs. neighbor bloomberg businessweek 9 november 2009 . advanced metering initiatives and residential feedback programs a meta review for household electricity saving opportunities american council for an energy efficient economy june 2010 opower to expand to west coast names ilike founder hadi partovi to advisory board techcrunch june 29 2010 former ceos of xcel exelon join opower electric light & power june 10 2013 opower adds guidewire s marcus ryu and linkedin s deep nishar to board all things digital september 16 2013 thirty one visionary companies selected as technology pioneers 2011 opower plans expansion with 50 million investment the washington post nov. 30 2010 remarks by the president on clean energy jobs white house press release march 5 2010 cnbc disruptor 50 cnbc may 20 2013 technology fast 500 2013 ranking deloitte november 13 2013 opower ceo dan yates cfsf14 keynote passion science incremental change vimeo march 12 2014 opower ipo opens up strong starts trading at 25 per share gigaom april 4 2014 title layoffs at arlington based opower https opower.com oracle https www.washingtonpost.com business economy oracle agrees to buy arlington energy data firm opower for 532 million 2016 05 02 83739416 107f 11e6 93ae 50921721165d story.html https www.oracle.com corporate acquisitions opower index.html opower separates heat light in home energy greentech media december 17 2009 finding the weapons of persuasion to save energy new york times june 21 2010 originally published in climatewire do you use more energy than your neighbors usa today 1 february 2010 opower looks to add human touch to smart grid cnet may 2 2010 opower s new marketplace entices homeowners to become energy efficient . the daily energy report . retrieved 29 may 2012 . remarks by the president on clean energy jobs white house release march 5 2010 obama unveils 2.3 billion for clean energy jobs cnn money january 8 2010 can small lifestyle changes lead to huge co2 cuts time march 17 2010 creating new jobs in a clean energy economy white house youtube channel march 5 2010 external links edit opower.com retrieved from https en.wikipedia.org w index.php title opower & oldid 726486261 categories companies based in arlington county virginiaamerican companies established in 2007software companies based in virginiasustainable technologiesenvironmental technologyenergy conservation in the united statescompanies listed on the new york stock exchangehidden categories articles with a promotional tone from march 2016all articles with a promotional toneall articles with unsourced statementsarticles with unsourced statements from may 2015articles with unsourced statements from march 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main 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