A trio of clean energy players is enabling the nation’s largest competitive wholesale electricity market to reduce load by expanding demand response to residential customer thermostats.
Why it matters: Demand-response programs can help utilities and others avoid costly upgrades by allowing them to control peak-hour demand.
The details : Google Nest, Voltus and Resideo (NYSE: REZI) are introducing this feature through a “bring your own thermostat” program.
Catch up quickly: Voltus has developed software technology to help manage distributed resources. The company in December announced plans to go public through SPAC, with a valuation of $1.3 billion.
- Resideo, a spin-off from Honeywell, provides smart appliances and other home technologies, as well as a distributed energy resource management system.
Go further : With the launch, the three companies say they are focusing on electricity markets that do not yet have incentive programs in place for demand response.
- They estimate that about half of electricity customers in the United States do not have access to a demand response program related to thermostats. Google Nest and Resideo tell Axios.
What they say : “As the grid scales, as there is more renewables, there is more need for controllable load at the wholesale market level,” Dave Oberholzer, Managing Director of Resideo, says Axios.
- “The program we’re doing here is to gain experience in wholesale markets with distributed residential charging,” he adds, “so that when the time comes, and when there’s power solar and wind that need to be considered when it comes to variable generation, there is a variable load that is available in the wholesale market. »
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