Renewable and distributed energy resources continue to grow at a steady pace. As a result, utilities and power asset owners and operators are grappling with the ability to manage all the new clean technologies coming online in addition to re-evaluating traditional asset management practices. Renewable and distributed energy resources such as wind and solar are intermittent power resources which can create erratic shifts in electric supply and demand.
On May 3rd, 2019, Tendril announced the agreement to acquire EnergySavvy in a strategic move to gain more market share in the competitive utility home energy management space. Tendril’s core offerings have been focused on residential customer engagement products and services, which provide personalized energy efficiency and demand side management products and programs. The acquisition of EnergySavvy brings advanced personalization capabilities to the Tendril Platform.