Voltus and Resideo Launch New Residential Thermostat Virtual Power Plants in PJM ComEd and NYISO PSEG-LI Territories
14 5월 2024 - 10:41PM
Voltus, Inc. ("Voltus"), a leading distributed energy resource
(DER) technology platform and virtual power plant (VPP) operator,
together with Resideo Technologies (NYSE: REZI), a leading global
provider of home comfort, energy management, security and life
safety solutions, today announced the expansion of their
residential smart thermostat demand response program offering to
approximately 10 million Commonwealth Edison (ComEd) customers
across the state of Illinois in the region served by the PJM
Interconnection (PJM), along with over 1 million PSEG Long Island
(PSEG-LI) customers served by NYISO.
U.S. electricity demand is expected to reach record highs,
growing by 4.1 trillion kWh by 2025 (EEI 2023). VPPs offer a
reliable, sustainable, and cost-effective solution to grid
operators to help meet this growing demand. According to the
Department of Energy (DOE) Liftoff Report (Sept. 2023), tripling
VPP capacity could address 10-20% of this growing peak demand. The
DOE Report also notes that deploying 80-160 GW of VPP capacity
could avoid approximately $10B in annual grid costs by 2030. Much
of the savings delivered by VPPs is returned to the participating
commercial, industrial, and residential consumers.
“We are excited to expand our partnership with Resideo's Grid
Services team and continue to harness the flexible capacity of
residential consumers to deliver critically needed resources to the
grid operator,” says Dan Svejnar, Senior Vice President of Growth
at Voltus. “We are financially incentivizing residential energy
users to reduce electricity usage during grid emergencies. Resideo
Grid Services will then intelligently manage the comfort settings
of enrolled homes across the ComEd and PSEG-LI territories to
seamlessly deliver energy-efficiency savings while keeping homes
comfortable. This partnership continues to create a double win for
residential consumers by offsetting rising energy costs and
ensuring greater grid reliability in their home communities.”
“Resideo is eager to help more customers access the economic and
reliability benefits of these smart thermostat demand response
programs,” said Linsey Miller Senior Vice President, Business
Development and Strategic Marketing at Resideo. “Our expanded work
with Voltus not only unlocks value for our Honeywell Home smart
thermostat consumers, but our Resideo Grid Services team can help
the Midwest and East Coast avert dangerous power outages during
periods of peak demand by aggregating thousands of residential
customers into a powerful demand-side resource.”
Voltus is actively growing its residential business to drive
grid scale decarbonization and resiliency through strategic
partnerships. Last year, Voltus and Resideo announced a partnership
that, for the first time ever, connected Ameren Illinois customers
directly to the Midcontinent Independent System Operator (MISO).
Since the program first launched in January 2023, over 9,400
customers from over 550 Illinois cities have signed up to
participate. Prior to that, in April 2022, the companies announced
a program that would deliver both demand response capacity and
ancillary services value to PJM across PPL Electric Utilities
customers in Pennsylvania.
Learn more about the programs, here.
About Resideo
Resideo is a leading global manufacturer and developer of
technology-driven products and components that provide critical
comfort, energy management, and safety and security solutions to
over 150 million homes globally. Resideo’s trusted First Alert®
brand offers smoke alarms, carbon monoxide alarms, fire
extinguishers, escape ladders and water leak detection solutions.
With proven expertise for more than a century, the company’s
Honeywell Home smart thermostats help balance indoor air quality
and offer energy savings. Through the ADI Global Distribution
business, Resideo also is a leading wholesale distributor of
low-voltage security and life safety products for commercial and
residential markets. For more information about Resideo, visit
FirstAlert.com, HoneywellHome.com or Resideo.com.
About Resideo Grid ServicesResideo Grid
Services is a leader in the energy aggregation market and offers
peak demand reduction, automated and behavioral energy efficiency,
and time-of-use energy rate cost optimization program management
for utilities and energy retailers. Resideo either manages or
participates in nearly 300 U.S. utility demand management programs
and participates directly in five wholesale energy markets. For
more information about Resideo Grid Services, visit
Resideo.com/us/en/pro/energy-management.
The Honeywell Home trademark is used under a long-term licence
to Resideo from Honeywell International Inc.
About Voltus
Voltus is a leading DER technology platform and virtual power
plant operator connecting distributed energy resources to
electricity markets, delivering less expensive, more reliable, and
more sustainable electricity. Our commercial and industrial
customers and DER partners generate cash by allowing Voltus to
maximize the value of their flexible load, distributed generation,
energy storage, energy efficiency, and electric vehicle resources
in these markets. To learn more, visit www.voltus.co.
Contact
Mona Khaldipress@voltus.co
Resideo Technologies (NYSE:REZI)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Resideo Technologies (NYSE:REZI)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024