Orlando, FL and Boulder, CO, U.S.A. --- (METERING.COM) --- June 14, 2011 - A strategic alliance has been entered into between Siemens Energy, Inc. and Tendril to market the Tendril Connect™ platform to utilities.
Siemens will deliver the Tendril solutions to energy marketers and distribution network operators with its project management capabilities, PM@Siemens. The partnership will initially target the U.S. and Canadian markets and then expand internationally. Additionally, Siemens Venture Capital (SVC) has invested in Tendril, making this its eighth investment in the smart grid area.
Consisting of an integrated suite of utility and consumer applications, 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 that engage consumers to actively participate in home energy management programs, including energy efficiency, demand response, direct load control, electric vehicle and smart appliance management, and distributed generation.
“Tendril's expertise in consumer energy management and its platform make them an ideal partner for Siemens,” said Paul Camuti, president, Smart Grid Applications at Siemens Energy, Inc. “Tendril Connect coupled with Siemens' utility systems integration experience and project management expertise will help utilities bring the benefits of a smart grid to their customers in a timely and cost effective way.”
The alliance will provide utilities with a powerful set of tools to lower operating costs, increase reliability and meet efficiency objectives. Utilities will have the ability to perform demand forecasting and enable demand response event participation. Residential consumers will be offered a high degree of visibility on usage, better estimates of monthly energy bills and the ability to control their consumption to meet their individual needs.
“Siemens brings decades of expertise to bear for its partners, customers and portfolio of investments and makes them a great partner,” added Adrian Tuck, president and CEO of Tendril. “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”