Siemens, Tendril team for consumer energy management solutions
Siemens Venture Capital has invested in Tendril, making this its eighth investment in the smart grid area
Orlando, Fla., June 13, 2011 — Siemens Energy, Inc. and Tendril, a leading energy platform company, have entered into a strategic alliance 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 has invested in Tendril, making this its eighth investment in the smart grid area. Both actions enhance Siemens' portfolio of smart grid solutions by extending available applications to include home energy management, enabling Siemens to create larger operational value for utilities.
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.
The strategic 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.
Since 2000, SVC has invested more than $43 million in smart grid technology, systematically building a portfolio of companies that provide technologies and solutions for grid management, energy efficiency, demand response and electric vehicle infrastructure. SVC will support Tendril with market and technology insight, guidance on operational and financial questions and with contacts.