The partnership will initially target the U.S. and Canadian markets and then expand internationally.
Siemens will deliver the Tendril Connect platform, an integrated suite of utility and consumer applications with its proven project management capabilities, PM@Siemens.
The scalable and secure platform will 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.
Furthermore, Siemens Venture Capital has invested in Tendril, thereby extending its portfolio of smart grid solutions.
The solution will help utilities 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 can obtain 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.
