Prepared by Emilie Jessula, Business Development ManagerFor PRIME Paris Region International Mission Enterprise

May 2015

How Smart Home can fuel Energy Management?

Smart Home and Energy Management

Home Energy Management…

• Home energy use depends on • Building envelope • Intelligent management systems• Occupant behavior

• Home Energy Management = any product or service that monitors, controls, or analyzes energy in the home

• Global revenue from HEM systems will grow from $586.9 million in 2013 to $2.4 billion in 2023 (Navigant Research)

…will become smarter

Smart Home Automation

• Smart Home technologies have the ability to control and adapt to internal and external environmental variables and take action with or without occupant intervention

• Smart home technologies have the potential to curb energy consumption by controlling• Indoor temperature• Lighting• Heating and ventilation (HVAC)• Appliances• etc

Market Drivers

Security is top reason for home automation

Nonetheless, 78% of respondents ranked Energy Management as top features for smart home

Market Trends

• 85% of consumers took energy-saving actions in the past year• 10% of U.S. broadband households already own a smart energy

device• only 14% of U.S. broadband households are currently familiar with

energy management products• 10 million smart thermostats, plugs, power strips and lights were sold

last year, valued at $850 million. By 2017, the market will nearly double to 19 million products worth $1.6 billion • 45% of all U.S. households will be served by smart meters by the end

of 2015, but only 10% of them will be 2-way communication enabledSource: Park Associates

Opportunities for Energy Savings

• Consumers could reduce energy usage by 10-30% using schedules and temperature settings of programmable thermostats.

• Since October 2011, Nest customers have saved more than 1.4bn kilowatt-hours, enough electricity to power more than 135,000 US homes for a year. • But based on a household’s total gas and electricity, energy was

reduced by only 2-8%

Barriers & Challenges

• Consumer behavior• Lack of consumer awareness• High implementation costs• Complicated installation• Data security and privacy• Lack of interactive connection with the

energy grid• State regulation

Technology Landscape

Customer Engagement Customer Analytics App

Home IoT software platform

Gateway

Home Hardware

Data management

Service Providers

For full landscape see: Greentech Media Research, Energy in the Connected Home

Outlook

• Mobile and internet will play a more important role

• Collaboration and cross-industry efforts will be crucial

• Modernization of the energy grid

About PRIME & French Tech Hub

PRIME is a transatlantic innovation platform promoting the Paris region as a center of innovation and engaging in activities to encourage and incentivize American companies and organizations to invest in the Paris region. PRIME is a subsidiary of the Paris Region Entreprises

French Tech Hub serves as the U.S. Hub for entrepreneurial and innovative French companies. We provide custom-tailored services to help our clients strategize, launch, expand, and achieve their business potential.

For more info, contact Marie-Perrine Durot marie-perrine.durot@parisregionentreprises.org

For more info,contact Marie Buhot-Launay marie.buhotlaunay@frenchtechhub.com