Business
EnergyHub Acquires Resideo Grid Services to Accelerate VPP Growth for Utilities
Acquisition strengthens EnergyHub’s Edge DERMS offering and provides Resideo Grid Services utility clients access to a broader ecosystem of DERs NEW
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[{"type":"text","content":"\nAcquisition strengthens EnergyHub’s Edge DERMS offering and provides Resideo Grid Services utility clients access to a broader ecosystem of DERs\n\n NEW YORK--(BUSINESS WIRE)--\nEnergyHub, a leading provider of grid-edge flexibility solutions, today announced its acquisition of Resideo Grid Services, a leader in demand response aggregation and program management. The acquisition reflects a growing industry shift toward using a single integrated edge distributed energy resource management system (DERMS) platform to manage all distributed energy resources (DERs) as utilities expand Virtual Power Plants (VPPs) to include EVs, batteries, and other DERs.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251202119616/en/Acquisition strengthens EnergyHub’s Edge DERMS offering and provides Resideo Grid Services utility clients access to a broader ecosystem of DERs\nAs demand for electricity grows, VPPs play an essential role in helping utilities deliver reliable, affordable service. Edge DERMS platforms are key to scaling VPPs, allowing utility operators to orchestrate millions of devices at the grid edge.\n\n“As utilities face rising demand, they’re using VPPs for fast, cost-effective, flexible capacity,” said Seth Frader-Thompson, CEO of EnergyHub. “Resideo Grid Services provides DER management services to over two dozen utilities and markets, and has built a strong reputation in demand response. Together, we now manage over 2.5 million DERs on one platform, allowing any utility to orchestrate any DER to meet evolving grid needs.”\n\nThe acquisition solidifies EnergyHub’s position as the leading Edge DERMS, trusted by utilities to manage a wide range of DERs from a single platform. It also makes new DER classes available to Resideo Grid Services utility clients – making it easier for them to deploy and grow new programs through unified visibility and control.\n\n“VPPs are the fastest, cheapest and most customer-centric solution to load growth,” added Frader-Thompson. “This acquisition reflects our confidence in our strategy and our ability to lead the market toward a future where VPPs are critical tools integrated into system planning and grid operations.”\n\nDave Oberholzer, General Manager at Resideo Grid Services, said, \"I am extremely proud of the innovation, customer ...