By Google’s Nest Renew service for its thermostats will soon be under new management. | Image: Google
Google’s Nest Renew service is leaving Google and merging with the OhmConnect energy management platform to form a new company called Renew Home. Venture capitalist firm Sidewalk Infrastructure Partners (SIP), which backs OhmConnect and is putting $100 million into the new company, announced the move, saying it will create “the country’s largest energy transition resource.”
“Renew Home … will help accelerate the growth of the virtual power plant (VPP) industry,” SIP CEO Jonathan Winer
Nest Renew and OhmConnect both help smart home users leverage connected devices to take advantage of cheaper or cleaner power when it’s available. Launched in 2021, Nest Renew is a service for Google Nest Thermostat users that lets them shift the energy…