Nest to Shut Down Data Service MyEnergy Within 30 Days

Nest, the smart thermostat manufacturer, acquired startup MyEnergy back in 2013.

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.

CHECK OUT NEXT: ADT Now Offering Nest Learning Thermostat Integration Nationwide

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters