Nest to Shut Down Data Service MyEnergy Within 30 Days
Nest, the smart thermostat manufacturer, acquired startup MyEnergy back in 2013.
MyEnergy was acquired to help make recommendations for reducing energy usage through Nest thermostats.
Nest, the smart thermostat manufacturer, announced it will shut down its energy data service, MyEnergy, according to Fortune.
MyEnergy, which was acquired by Nest almost three years ago, developed algorithms to collect and analyze data meant to reduce energy usage. Nest will discontinue the data service within 30 days.
Nest issued the following statement to Fortune: “Nest acquired MyEnergy … because it was the best way to track customers’ electronic, gas and water use in one place. Now, instead of customers having to provide us with their utility account login information, we’ve created a way for them to simply authorize their energy company to share that data with Nest [through an API].”
MyEnergy was founded in 2007, originally under the name EarthAid. Nest acquired MyEnergy in 2013 through buying a startup, according to the report.
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