Tendril Connect is an open standards-based, scalable, and secure platform for energy service providers and third-party original equipment manufacturers. By implementing Tendril Connect, Siemens will deliver applications and solutions so consumers can participate in home energy management programs including energy efficiency, demand response, direct load control, electric vehicle and smart appliance management, and distributed generation.
Paul Camuti, Siemens Energy’s president of Smart Grid Applications, says, “Tendril’s expertise in consumer energy management and its highly regarded platform make them an ideal partner for Siemens. Tendril Connect coupled with Siemens’ extensive utility systems integration experience and renowned project management expertise will help utilities bring the benefits of a Smart Grid to their customers in a timely and cost effective way.”
The strategic alliance will provide utilities with tools to lower operating costs, increase reliability and meet efficiency objectives. Utilities will also have the ability to perform demand forecasting and enable demand response event participation.
Ralf Schnell, CEO of Siemens Venture Capital (SVC), explains, “The energy management and efficiency markets are crowded with companies taking a very narrow and piecemeal approach to solving a single problem for utilities and their customers. What makes Tendril’s solution so powerful is that as a cloud-based platform, it enables a new generation of products, applications and devices that address the needs from the meter to the home. Together, Siemens and Tendril provide a better return on energy for all electricity stakeholders.”
SVC, which has invested more than EUR30 million in Smart Grid technology since 2000, will support Tendril with market and technology insight, guidance on operational and financial questions, and with contacts.
Adrian Tuck, Tendril president and CEO, adds: “As a globally recognized leader in energy-related products, services and finance, Siemens brings decades of expertise to bear for its partners, customers and portfolio of investments and makes them a great partner. This alliance vastly expands Tendril’s footprint, putting our next generation energy management solutions into the hands of more utilities around the world. Together, we will provide utilities with the means to deliver more value to their consumers while increasing their revenue and the efficiency of the grid.”