Beginning This Summer, Consumers Receive
Incentives For Helping Form Grid-Balancing, Virtual Power Plants
Through Their Personal Thermostats
BALTIMORE ,
April 21,
2022 /PRNewswire/ -- Leading national energy
solutions provider CPower Energy Management ("CPower") today
announced an expansion of its existing residential portfolio
through a new demand response partnership with Resideo Technologies
(NYSE:REZI), a leading global provider of home comfort and security
solutions and a distributed energy resource management system, and
Google Nest. When grid reliability is needed, CPower will dispatch
Resideo's Honeywell Home-branded smart thermostats and Google Nest
smart thermostats to form virtual power plants that deliver power
to PJM Interconnection, the largest grid operator in the U.S.
During the inaugural year of the Connected Savings program, which
begins on June 1 ahead of the Summer
peak season, customers that participate in the program will
receive incentives.
"As we kick off our partnership with Resideo in the PJM market,
we'll have the opportunity to reward smart energy users while
benefiting the local grid," said Mathew
Sachs, senior vice president, strategy and development,
CPower. "Beyond smart thermostats, Resideo has other residential
loads that can be leveraged to create virtual power plants and
provide even greater energy resilience."
"Our goal at Resideo is to make energy-saving program
participation as convenient and as expansive as possible in order
to help facilitate decarbonization of the grid," said Phil Theodore, President of Products &
Solutions at Resideo. "CPower's respected energy market expertise
will provide our customers with a seamless experience that rewards
them for relieving demand on the grid and contributing to a more
sustainable environment."
CPower has been helping PJM maintain grid reliability for more
than two decades through various demand response and ancillary
service programs, which pay organizations for using less energy
when the grid is stressed or electricity prices are exceptionally
high. Beyond helping commercial and industrial customers maximize
the value of their Distributed Energy Resources (DERs), CPower
already helps its partners in PJM monetize residential water
heaters and HVAC systems to bring demand flexibility to the grid.
Nationally, CPower manages more than 5.3 GW of DER
capacity.
About CPower Energy Management
CPower Energy
Management is a leading, national energy solutions provider guiding
customers towards a clean and dependable energy future. We manage
more than 5.3 GW of customer capacity across the U.S., forming
virtual power plants that are good for the grid and great for the
community. CPower maximizes the value of our customers' electricity
loads, facility assets and distributed energy resources while
delivering flexibility, capacity and other ancillary services to
the grid. With more than two decades of experience, we've grown to
offer more than 55 local energy programs, partnering with grid
operators and utilities to serve more than 12,000 sites, delivering
approximately 7,000 metric tons of CO2 reductions in
2020 alone. CPower is based in Baltimore,
Maryland and is owned by LS Power, a development, investment
and operating company focused on the power and energy
infrastructure sector. For more information, visit:
cpowerenergymanagement.com.
About Resideo Energy Management
Resideo's Energy
Management business offers peak demand reduction, automated energy
efficiency, behavioral energy efficiency, and automated time of use
for customers across the U.S. Resideo's energy-saving devices
helped its customers save 1.2 Billion Kilowatt hours in 2020.
Already working with major utilities across the nation, the company
recently expanded to include additional distributed energy
resources. For additional information, visit
ConnectedSavings.com.
About Resideo
Resideo is a leading global manufacturer
and distributor of technology-driven products and solutions that
provide comfort, security, energy efficiency and control to
customers worldwide. Building on a 130-year heritage, Resideo has a
presence in more than 150 million homes, with 15 million systems
installed in homes each year. We continue to serve more than
110,000 professionals through leading distributors, including our
ADI Global Distribution business, which exports to more than 100
countries from nearly 200 stocking locations around the world. For
more information about Resideo, please visit www.resideo.com.
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SOURCE CPower Energy Management