Nest Expands Thermostat Line to Bring Energy Savings to More Homes With Nest Thermostat E

Nest extends the category it reinvented in 2011 with a thermostat
designed to blend into its environment and save energy right out
of the box

Over 55 percent of U.S. homes, about 64 million total, may qualify
for a rebate or reward on a Nest Thermostat E or could get one
for free from a local energy provider

PALO ALTO, Calif.–(BUSINESS WIRE)–Nest Labs, Inc. (www.nest.com),
architect of the thoughtful home, today announced the expansion of its
thermostat line with the introduction of the Nest Thermostat E. With a
fresh look, new features, and a lower price point than the Nest Learning
Thermostat, the Nest Thermostat E can be controlled from anywhere with
your phone, and it comes with a pre-configured basic schedule so you can
start saving energy right out of the box. It’s been completely
re-designed, with an industry-first frosted display that helps it subtly
blend into any home. It’s everything customers have come to expect from
Nest thermostats with a renewed focus on simplicity and control.

“In 2011, we reinvented the thermostat category to make it easy for
people to save energy,” said Matt Rogers, co-founder and chief product
officer, Nest. “Fast forward six years: Nest owners have saved more than
14 billion kWh — the equivalent of providing electricity to all the
homes in New York State for over 100 days — and now we are bringing
beautiful design and proven energy saving capabilities into even more
homes. To do that, we needed to simplify. The more subtle look and feel
of the Nest Thermostat E will seamlessly blend into any environment.
It’s everything our customers have come to know and love from Nest
thermostats with a renewed focus on user simplicity and control.”

The Nest Thermostat E makes saving energy simple, with a beautiful,
subtle design. New features include:

• New industrial design. The Nest Thermostat E moves away
  from the prominent look of the Nest Learning Thermostat and replaces
  it with a more subtle design, highlighted by a white exterior ring and
  frosted display.
• Frosted display. The frosted display is designed to blend into
  your home. It achieves this effect with special display technology
  that lets light out but doesn’t let light in. When the frosted display
  is off, the screen is grey. When it’s on, it displays soft text and
  images that are designed to be easy to see and read with a slight
  glow. The frosted display uses an ambient light sensor to share
  information at just the right brightness.
• Scheduling made simple. The Nest Thermostat E comes with
  a pre-set schedule, which enables customers to save energy right out
  of the box. This can be easily managed directly from the Nest app. Or
  it can learn your schedule, just like the Nest Learning Thermostat.
  It's ENERGY STARⓇ certified and expected to save between $131 and $145
  a year per the results of an internal Nest study and two independent
  studies of the previous model1.

The core experience of the Nest Thermostat E includes features that
people have come to expect from previous Nest thermostats.

• The Nest Thermostat E turns off automatically when it detects nobody
  is home, to help save energy.
• It’s easy to change the temperature from anywhere with the Nest app
  from a phone, laptop, or smartwatch, and even with popular voice
  assistants such as Google Home or Amazon Alexa.
• Through the Works with Nest program, additional connected products,
  such as ovens and lights, integrate with the Nest Thermostat E to add
  more comfort and convenience.
• Nest sends alerts if the heating or cooling system needs attention, so
  customers can act before it breaks.
• The Nest Thermostat E is easy to install, with most customers
  installing them in 30 minutes or less. In addition, there are more
  than 20,000 certified Nest Pros in the U.S. available to
  install Nest products.

Pricing and Availability

The Nest Thermostat E is available on www.nest.com
for $169 USD, as well as from leading retailers and energy partners.

Over 55% of US homes, about 64 million total, may qualify for a rebate
or reward on a Nest Thermostat E. Programs vary by state and energy
provider. For more information you can go to nest.com/rebates-and-rewards/.

About Nest

Nest’s mission is to create a home that’s thoughtful – one that takes
care of the people inside it and the world around it. The company
focuses on simple, beautiful and delightful hardware, software and
services. The Nest Learning Thermostat™ and Nest Energy Services keep
you comfortable and address home energy consumption. The Nest Protect™
smoke and carbon monoxide alarm helps keep you safe and Nest Safety
Rewards lets you save money through participating home insurance
providers, while Nest Cam™ keeps an eye on what matters most inside and
outside your home.

Nest products are sold in 18 countries across the US, Europe, and
Asia-Pacific and are installed in every country in the world. The Nest
Learning Thermostat has helped save approximately fourteen billion kWh
of energy to date, enough electricity to power New York State for 100
days. Through the Works with Nest program, third-party products can
securely connect with Nest devices to make homes safer, more energy
efficient, and more aware. For more information, visit www.nest.com.

1 Independent studies showed that Nest saved people an
average of 10-12% on heating and 15% on cooling. Based on typical energy
costs, we've estimated average savings of $131 to 145 a year. That means
the Nest Thermostat E can pay for itself in under two years. Individual
savings are not guaranteed.

Contacts

Nest Labs, Inc.
Matt Flegal
[email protected]