battery storage systems Google, Amazon seek foothold in electricity as home automation grows
AlphabetInc. Google and Amazon. comInc. Early steps are being taken to expand the electricity business as a familyEnergy Automation is a new source of customer data. Tech giants are not interested in selling megawattsAt least not now. But they are looking for ways to expand their smart speakers. Connecting thermostats and other devices using information about consumer personal energy use. Data has great power; It can manage energy demand by motivating consumers to use less power during peak hours. While tech's energy ambitions are currently limited, some executives expect solar panels, battery storage and even electric vehicles to be part of smart cars --home ecosystem. According to executives and consultants, in this case, any company that controls software and systems that provide energy may gain a strong market position. Jeff Bezos has donated his dollar wealth to charities in 10 or 20 years, and the dominant retail power provider in the US will be Amazon or Google, nrg EnergyInc. former Chief Executive David Crane said. He said he was not involved in discussions with the companies. "They can offer lower costs and better services. ”Home-Energy Management is the battle between Google and Amazon for the Internet. After both companies saw the popularity of smart speakers, connected devices have strengthened in recent years. Google acquired Nest Labs, a family Maker$3 security camera and thermostat. 2014 2 billion. Last year, Amazon bought Ring, a video doorbell maker, for more than $1 billion. Amazon has joined ecobee Inc. , a maker of smart thermostats, for $61 million in investment financing. Wood Mackenzie, a consulting firm, estimates household expensesIn 2018, energy equipment exceeded $40 billion, doubling over the next five years. To drive the wider use of its connected devices, Google has established partnerships with utility and power providers in the United StatesK. There are also the Netherlands, Illinois, California and Texas. Google has reached an agreement with Reliant Energy, a Texas power supplier owned by NRG. Click here to read more about the story in The Wall Street Journal, where it was first published.