Nest Labs

And that is actually something very simple.

And it is just, you know, the Nest thermostat.

And the reason why I'm talking about the Nest thermostat this week is it's not because I just got one.

I've had Nest thermostat for a number of years.

And I've actually upgraded my original one to a newer one because it's The original one is now unsupported, but it's the time of year, right? We're getting into the fall.

We're having cool nights.

It gets warm enough during the day, and then you're turning the AC on momentarily.

You're trying to get your home cooled down.

Typically, a consumer flexibility program that requires consumer opt-in you see less than 5% of consumers who participate.

For flexibility programs where it's device-based, so the device may automatically be enrolled, say Rush Hour Rewards is a famous one, associated with Nest thermostats, even there you're only seeing 25% participation rates.

At Octopus, we're seeing 50, 60, 70% participation rates, say, of our electric vehicle drivers.

If you drive an electric vehicle and you're an Octopus customer, 60% of those customers enroll in our flexibility management programs.

And it's because maybe we had some scenarios where we've seen local police officers actually not using the technology in the appropriate way.

It's interesting because you mentioned Google, and it reminds me of the Super Bowl ad that got them in a lot of trouble with their Nest systems.

Yes.

And how,

like, you know, we're going to find the lost dog in the neighborhood because everybody's Nest camera, maybe it was Ring, I can't remember

what it was.

Anyway, it was tracking and working together in that network.

And so I think that will help build not only trust in that the information is stored encrypted, which it is, but also access is gated in a thoughtful way.

And we go into physical devices.

Get the Nest thermostat device, you put it in, it tries to get smarter by listening or sort of sensing what's happening in your house.

We have the self-driving cars, all this kind of stuff.

I mean, curiosity is a big data thing.

And this is what it looks like to connect our... crossover indoor units to a third-party thermostat.

And let's say the homeowner just loves their Ecobee, loves their existing Carrier smart thermostat, loves anything, just likes their Nest.

That just is used to the app, is used to the schedule setting, is unwilling to come off that thermostat.

That's fine.

It allows you to see error codes associated with the system.

It gives you kind of that full picture of, But that being said, look, I've had an Ecobee on my wall for four years now in my house.

And with a four-month-old at home in this job, I don't know if I've got the capacity to learn what a Nest app looks like.

So I might be preferable.

But

I have a computer, you know, the little Nest thermostat that it will...

I turned it off, but for the first couple of years, I didn't realize it was trying to analyze our pattern and then would adjust it itself

at a certain time, just kind of averaging what we were doing.

Yes,

I've had this argument.

Nest may be guilty of divorces.

Because that's the closest I've ever come is when I woke up and it was like 78 degrees and I almost filed the paperwork at 2 a.m.