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May 20, 2014 08:00 am GMT
Original Link: http://www.technologyreview.com/news/527366/the-lowly-thermostat-now-minter-of-megawatts/
The Lowly Thermostat, Now Minter of Megawatts
How Nest is turning its consumer hit into a service for utilities.
Googles $3.2 billion acquisition of Nest Labs in January put the Internet of things on the map. Everyone had vaguely understood that connecting everyday objects to the Internet could be a big deal. Here was an eye-popping price tag to prove it.
Original Link: http://www.technologyreview.com/news/527366/the-lowly-thermostat-now-minter-of-megawatts/
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