fbpx
20 C
Sydney
Monday, March 4, 2024

Buy now

  • HikVision ANPR
  • HID
  • ID500014-HID-INTERCOM-26.02.2024-728x90
HomeSecurityAccess ControlAustralian Gas Light Pushes into Connected Home Space

Australian Gas Light Pushes into Connected Home Space

20 C
Sydney
24.3 C
Brisbane
10.2 C
Canberra
21.8 C
Melbourne

RECOMMENDED

WEATHER

Sydney
broken clouds
20.1 ° C
20.6 °
19.2 °
70 %
10.8kmh
75 %
Sun
20 °
Mon
21 °
Tue
24 °
Wed
27 °
Thu
25 °

Latest Articles

STAY CONNECTED

2,469FansLike
1,365FollowersFollow
0FollowersFollow

AUSTRALIAN Energy utility AGL has made a strategic US$10 million (A$12.5 million) investment in a US smart home lock maker, partially to understand broader opportunities in the connected home market.

It’s only a toe in the water for now but don’t be fooled – AGL is a very big dog, with annual revenues of $A14 billion, 3500 staff and a foot in every door thanks to its vast power supply business. 

August Home, which is best known for its smart door locks and doorbell camera technology that operate using the proximity of your smartphone. The AGL investment forms part of a Series C fundraising round by August Home, which raised a total US$25 million (A$31.25 million). Other investors of note include Comcast Ventures and Qualcomm Ventures.

Executive general manager of new energy at AGL, Elisabeth Brinton, said in a statement that AGL was interested in exploring opportunities across the spectrum of the connected home market.

“We know the connected home is a major area of interest for our customers and we’re focused on how we can give our customers greater control of their energy management,” she said.

“As we continue to innovate, we’re thinking of the home as a whole ecosystem – connected by smart technology. For us, this is just the beginning.”

AGL’s new energy business unit was formed in 2014 and comprises rooftop solar, commercial energy services, energy storage, electric vehicle services and the company’s digital metering business, ActiveStream. Connected homes now also appear to be on AGL’s horizon. ♦

AUTHOR

SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

LEAVE A REPLY

Please enter your comment!
Please enter your name here