Google’s Nest Renew joins Alphabet spinoff to form Renew Home
Google’s Nest Renew service is leaving Google and merging with the OhmConnect energy management platform to form a new company called Renew Home. Venture capitalist firm Sidewalk Infrastructure Partners (SIP), which backs OhmConnect and is putting $100 million into the new company, announced the move, saying it will create “the country’s largest energy transition resource.”
Nest Renew and OhmConnect both help smart home users leverage connected devices to take advantage of cheaper or cleaner power when it's available. Launched in 2021, Nest Renew is a service for Google Nest Thermostat users that lets them shift the energy...