CORRECTING and REPLACING AEP and Xcel Energy Tap Tendril to Dramatically Reduce Demand and Increase Energy Efficiency

On Days When Orchestrated Energy Ran in Summer 2017, Tendril Reduced
HVAC Consumption by 85% During DR Events and Doubled the Efficiency of
Smart Thermostats Without Sacrificing Customer Comfort

BOULDER, Colo.–(BUSINESS WIRE)–The sub-headline should read that Tendril Reduced HVAC Consumption by
85% During DR Events (instead of by 85% in general).

The corrected release reads:

AEP AND XCEL ENERGY TAP TENDRIL TO DRAMATICALLY REDUCE DEMAND AND
INCREASE ENERGY EFFICIENCY

On Days When Orchestrated Energy Ran in Summer 2017, Tendril Reduced
HVAC Consumption by 85% During DR Events and Doubled the Efficiency of
Smart Thermostats Without Sacrificing Customer Comfort

Tendril today announced the results of its Orchestrated Energy Summer
2017 roll-outs. Announced in November 2016 after being tested with
select utilities, Orchestrated Energy calculates a home’s thermal mass,
predicts consumer behavior and integrates with connected devices, to
create a unique dispatch schedule for every home, every day. The
roll-outs ran across 15 states in 3 of the top United States
investor-owned utilities, including Indiana Michigan Power and Xcel
Energy, with support for ecobee smart thermostats. On days when
Orchestrated Energy was in control of the thermostat, these utilities
reduced HVAC load by an average of 85% during the DR window, and
delivered an additional 14% of HVAC energy efficiency savings on top of
the 10% savings already provided by smart thermostats. Additionally,
customer comfort increased as evidenced by a 33% decrease in the number
of times a customer adjusted their thermostat.

Orchestrated Energy – offered as part of Tendril
Platform 4 – is the only data analytics software solution to
provide detailed insight into home characteristics, weather patterns and
consumer behaviors. In addition to reducing peak HVAC load and improving
the energy efficiency of smart thermostats, Orchestrated Energy is
unique in its ability to help utilities provide value within the
connected home and establish Virtual Power Plants (VPPs), an important
technology in managing the integration of Distributed Energy Resources
(DERs).

ecobee
participated in the summer 2017 roll-outs of Orchestrated Energy with
their ecobee3 smart thermostat. “We were pleased to partner with Tendril
and support our utility partners with the implementation of the
Orchestrated Energy solution,” said Chris Carradine, Executive Vice
President, ecobee. “We applaud Tendril and the forward-thinking
utilities that participated in these roll-outs for recognizing that
ecobee smart thermostats provide comfort and savings to customers while
reducing peak demand and improving energy efficiency.”

Additional smart thermostat partnerships have been formed with Nest
and Honeywell.

“These results are the culmination of years of groundbreaking work and
lay a solid foundation for a future where utilities are taking
innovative approaches to solving complex demand-side challenges,” said
Adrian Tuck, CEO, Tendril. “With Orchestrated Energy we are ensuring
customers stay engaged, satisfied and comfortable during demand
management events, while building a foundation for supporting non-wires
alternatives and enabling the creation of Virtual Power Plants, an
important element to securing our energy future.”

Orchestrated Energy won the prestigious Gold Edison Award in 2017, was
named a Greentech Media GridEdge Award winner and was nominated as a
finalist for the 2017 Platt’s Global Energy Award. For more information
on Tendril Orchestrated Energy, visit here.

About Tendril

Tendril is transforming the residential energy market. Our data
analytics on more than 123 million homes creates new business
opportunities for any product or service provider connected to the home.
Today, this includes electric and gas utilities, energy retailers and
real estate professionals. Built over more than a decade, the Tendril
Platform delivers real-time, ever-evolving data about the home and how
people use energy in it. These rich insights help our customers improve
customer acquisition, increase engagement and orchestrate home energy
experiences. For more information, please visit www.tendrilinc.com
and follow us on Twitter at @tendril.

Contacts

Tendril
Elaine Reddy, 720-252-8105
[email protected]