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Energy Innovation: How Apple and Alphabet Are Changing the Game

Posted by New Leaders Council 4 Admin on October 19, 2015 at 3:04 PM

Originally published on The Motley Fool on October 18 by Travis Hoium.

The connected home might play a bigger role in the future of energy than you think, but it hasn't taken off as quickly as many people had hoped. That's because energy efficiency items like Alphabet's (NASDAQ: GOOG) Nest thermostat, smart locks, or LED light bulbs are nice items by themselves; but if you have enough of them, you could be overwhelmed with apps to control your house.

To complicate matters, there are exciting and complex energy changes coming down the pipeline, like rooftop solar energy, energy storage, electric vehicle charging, and smart appliances that could help save you money and make your life easier. But even the most enthusiastic energy saver doesn't want a dozen touch points or apps to make sure devices operate as efficiently as they should.

That's why the Nest platform and Apple's (NASDAQ:AAPL) HomeKit are game changers for hundreds of energy companies. They may not seem like energy companies, but they hold the key to changing energy usage as we know it.

Read the full story here: http://www.fool.com/investing/general/2015/10/18/why-apple-and-google-are-keys-to-smarter-energy.aspx