The Harlow Report-GIS
2023 Edition
ISSN 0742-468X
Since 1978
On-line Since 2000
first published week of: 01/30/2023
Can Electric Companies Win the Smart Home?
by Jason Plautz
With its planned acquisition of Vivint, NRG Energy is among the power providers exploring a new role as the grid evolves
NRG Energy Inc. wants to have a bigger presence in customers’ homes, but first, the power company has some convincing to do.
Houston-based NRG announced plans in December to buy Vivint Smart Home Inc. for $2.8 billion in a deal that marks a new opportunity for the electricity sector — even though it sent NRG’s stock tumbling.
Vivint, which started as a home security technology provider, offers a range of smart-home appliances like cameras, lights, thermostats and locks. Those electronics can be controlled remotely or automatically and can be connected through a single management system.
Read full story at EnergyWire…