Facebook, Opower Developing Social Energy Efficiency App

The initial set of features for the app will allow users to:

  • compare energy use to national averages on similar homes and among friends
  • publish conversations about their energy use, savings tips, their rank and group participation in their Facebook newsfeed
  • create and join groups to help each other achieve energy goals and compete against other groups for incentives from their utility providers or other sponsors
  • automatically import energy usage data straight from their utility provider, as long as that provider is a partner.
  • manually input energy usage data if their utility provider is not a partner

Some utility providers have already committed to letting their users automatically update their energy usage information into the app, including Commonwealth Edison, the city of Palo Alto in California, and Glendale Water and Power.

“Social networking represents the next frontier in delivering consumer energy savings. This application will give users the ability to share their personal energy use information with like-minded individuals—fostering more conversations about energy savings and engaging a broader segment of the population, one that may have had little interest in energy efficiency to date. This application is about giving consumers the information and motivation they need to use energy more efficiently,” said Dan Yates, the founder and CEO of Opower.

The app is looking to launch on Facebook in the early part of 2012. For more information about this app and other ways Facebook is looking to increase green awareness, you can look at their Green on Facebook page.

SOURCE: CNET, Facebook, Opower

PHOTOSOURCE: Opower

Met Life Drops Bid For South Korean Insurer.

National Underwriter Life & Health-Financial Services Edition May 17, 1999 | D’ALLEGRO, JOSEPH Metropolitan Life Insurance Company has abandoned plans to acquire Korea Life Insurance Company in Seoul, South Korea.

New York-based Met Life had announced its intent to spend up to $1 billion to buy up to 60 percent of the Asian insurer last June. (See NU, June 15.) The planned investment was part of an ongoing effort by Met Life to focus its energies on high growth markets such as Latin America and Southeast Asia.

Met Life dropped the Korea Life effort because the process was taking too much time, said spokesman Kevin Foley. Senior Met Life officials are figuring out how best to demutualize the company, he explained, and acquiring the distressed insurer, which is under the control of the South Korean government, was too distracting. web site met life dental

“We don’t go public every year, Mr. Foley joked.

“Demutualization is a huge commitment,” said Martha Butler, who tracks Met Life as group vice president of insurance at Chicago-based Duff & Phelps Credit Rating Company She noted that the insurer has about 12 million policyholders.

Ms. Butler said Met Life does not normally announce deals before their completion and opined that it was pressured to announce early to boost confidence in economic reform efforts by the South Korean government.

“We do believe in the Korean economy,” said Mr. Foley. He noted that the potential deal was announced early merely as a courtesy to South Korean President Kim Dae Jung, who was visiting the U.S. around that time to promote his economic reforms. website met life dental

Met Life is keeping a presence in Seoul through its wholly owned subsidiary Kolon-Met Life Insurance Company “We’re still committed to South Korea as a long-term investment,” said Mr. Foley The South Korean government still hopes to sell Korea Life, the country’s third largest life insurer, within the next two months. It is reportedly in talks with several potential purchasers with South Korean insurance company LG Group as the front-runner.

D’ALLEGRO, JOSEPH

 

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