POV: Power Breakfast

Power Breakfast for June 7, 2016

The 2016 Fortune 500 list includes 51 Texas companies; The smart thermostat market is expected to reach $4.4 billion by 2025


POV: Power Breakfast

A nearly daily update of energy-related news:

  • This year’s Fortune 500 rankings were released earlier this week. The list contains 51 Texas companies including Energy Future Holdings (475). This is the 62nd installment of the rankings with the companies on the list representing two-thirds of the country’s GDP with $12 trillion in revenues and employment of 27.9 million people globally.
  • According to a study by Navigant Research, the Smart Thermostat market is expected to reach $4.4 billion by 2025. The technology helps utilities meet demand-side management requirements while also providing savings to customers. The report notes that “the latest technology advancements have only just begun to gain traction” despite the technology existing for decades.
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