San Diego Gas & Electric, which serves 3.4 million California customers, selected Alarm.com for its Reduce Your Use Thermostat Program. The program enables users of Alarm.com's emPower home energy management technology to earn energy saving credits on their utility bills.
Alarm.com, Vienna, Va., announced that Technology Crossover Ventures (TCV), a leading provider of capital to growth-stage technology companies, has made a $136 million investment in the company.
For consumers, the market for home energy management technology and products has, all at once, become highly frenzied yet tremendously exciting. From sleek, standalone ‘smart thermostats’ to solutions tightly integrated with the security system to new broadband-based home energy offerings from large cable and telco providers, consumers must not only decide which tool fits with their particular lifestyle, but which underlying platform offers the most stability and value.