Forget what you learned in elementary school. Sometimes it’s good to be disruptive.
On Friday, Opower was named by CNBC News as one of five pioneering companies whose innovations are disrupting the energy industry’s status quo. Other winners included LightSail Energy (for its technology that stores heat energy via compressed air) and Picarro (whose diagnostic tools precisely measure greenhouse gas emissions).
What does “disruption” actually mean? In selecting companies for its “Disruptors 50 List” (which spanned ten industries, five companies in each), CNBC asked its panel of venture capitalists and market experts to consider factors like continuous innovation, technology solutions that meet business needs simply and cost-effectively, and the ability to scale quickly.
Opower fit the bill: we are constantly developing products that make it easy for utility customers to save energy and money, and our business and environmental impact is growing fast. We’re now working in seven countries, and with 8 of the 10 biggest utility companies in the US. Already we’ve helped customers around the world save $280 million on their energy bills, and we’re on track to help them save another $150 million this year.
Other companies ranking among CNBC’s Top-50 Disruptors include prominent start-ups like Airbnb, Kickstarter, and Twitter.
For more details, check out the full press release as well as the below video featuring CNBC’s Top 5 Energy Disruptors (with coverage of Opower kicking off at the 1:19 mark).