Tantalus buys demand management firm Energate to expand smart grid portfolio
Financial details of the purchase were not available
Tantalus Systems, a provider of smart grid solutions for electric and multi-commodity utilities, completed the acquisition of demand management firm Energate Inc.
Financial details of the purchase were not available.
The acquisition expands Tantalus’ smart grid application portfolio to include a comprehensive solution which empowers utilities and energy service providers to control load at the edge of the distribution network.
“Incorporating Energate’s advanced demand management solutions into Tantalus’ product portfolio represents an exciting step towards delivering our vision to assist utilities improve their profitability, reliability and operating efficiency,” said Peter Londa, President & CEO for Tantalus.
Tantalus’ edge computing capabilities deliver valuable, granular, interval data from an electric utility’s network. By integrating detailed insights into energy consumption from large appliances in homes and buildings, Tantalus can assist utilities with mitigating imbalances between supply and demand, shift peak load and use dynamic rate structures through advanced programs.
Utilities can also deliver increased value to their customers by offering load control devices and a comprehensive customer portal to educate and empower home owners, business owners and landlords to become smarter consumers of electricity.
The interrelated data available through the combined solution will provide utilities with a precise understanding of the energy demands and use patterns of specific devices within any home or building.
With over 130 utilities in North America and the Caribbean basin, Tantalus continues to expand its market share as well as its smart grid application portfolio. Energate’s 50 utility and energy service providers bring new market segments into the Tantalus fold.
All existing Tantalus and Energate customers will continue to receive ongoing support, continued access to solutions and products including upcoming enhancements and current project commitments.