Rheem and ecobee Partner on New Smart Thermostat

- The ecobee Smart Thermostat Lite is designed for non-communicating residential heating and cooling systems from Rheem, Ruud, and Friedrich. It is also compatible with most other 24VAC HVAC equipment, including gas, oil, electric, and dual-fuel systems. - Rheem's EcoNet technology allows connected devices to communicate within a single ecosystem. A forthcoming digital platform called TotalView will enable professionals to monitor and configure these connected products remotely. - For HVAC professionals, the thermostat offers features to simplify installation and service, such as a contractor app for quick system and warranty registration and the ability to add their contact information directly to the device. - The thermostat is ENERGY STAR certified and can help homeowners save up to 23% on annual heating and cooling costs. It also supports the control of one-wire accessories like humidifiers, dehumidifiers, or ventilators. - This partnership occurs within a growing smart thermostat market, which is projected to expand significantly. Forecasts suggest the market could grow from over $5 billion in 2024 to over $60 billion by 2035, with a compound annual growth rate of around 24%. - The new device integrates with major smart home platforms, including Apple HomeKit, Google Assistant, and Amazon Alexa. - The collaboration combines Rheem's background in heating and cooling with ecobee's specialization in smart home technology, aiming to enhance energy efficiency in homes. Key executives involved in the launch include Dev Bala, VP of Product Management at ecobee, and Alex Housten, COO of Rheem Manufacturing Company.