Tag Archives: Thermostat
Google just announced a purchase of Nest Labs, creator of the Nest thermostat and smoke detector for a sum of $3.2 billion. Larry Page commends the creators of Nest products in a press release distributed today for their “amazing products” and energy efficiency. We just reviewed the Nest thermostat today prior to finding this out, and we’re thinking the Google giant will breathe new life into their products, which currently lack access to some of the most interesting data points in their use. Of course, if Google wasn’t the center of your livlihood already, conspiracy theorists are arguing on Twitter that Google now knows when you’re home and when you’re sleeping. Food for Big Brother thought. Check out the full press release below:
MOUNTAIN VIEW, CA – JANUARY 13, 2014 — Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash.
Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller–and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.
Larry Page, CEO of Google, said: “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”
Tony Fadell, CEO of Nest, said: “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”
Nest will continue to operate under the leadership of Tony Fadell and with its own distinct brand identity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. It is expected to close in the next few months.
Nest Review: Lacking Data Access, Google Could Change This
Just prior to posting, Nest was purchased by Google for $3.2 Billion. We can only suggest that Google, the data king, will breath new life into this smart thermostat and the smart home to come. We look forward to posting further updates on this story.
Why I Bought a New Thermostat
Should I buy a Nest? Is it really worth its $250 price tag? All great questions for a device that technically does nothing but monitor your home’s HVAC system. What value could a device reminiscent of an iPod be to your home’s energy costs? After my first month of use, I’m ready to share my thoughts, and detail some of my experiences after owning a Nest Learning Thermostat in this full review.
I’m going to come clean on a couple of things up front. I bought the Nest because previously all I had was a static (non-programmable) thermostat. I didn’t do much research before investing in a Nest. I needed something to combat the electric and gas bills and the Nest looked like a decent choice. And it was pretty. Sure, I did some blog research like you are now, but mostly it just seemed like an exciting impulse buy.