HVAC Giant Trane Acquires EcoFactor's Home Energy Analytics Technology

EcoFactor is one of several startups with a cloud computing platform to manage and analyze data from smart thermostats and other home energy devices. But it also specializes in using that data to monitor and predict performance problems and impending failures of the air conditioners keeping houses cool. That kind of technology could have a lot of value to the companies that make heating, air conditioning and ventilation equipment -- enough to make it worth owning. On Tuesday, HVAC giant Trane announced it has acquired EcoFactor's energy analytics software for an undisclosed sum. Trane, a brand of Ingersoll Rand, plans to integrate EcoFactor's "unique artificial intelligence (AI) capabilities for energy efficiency and HVAC fault detection" into its existing Nexia home automation line.