Tendril Continues to Build the Energy Ecosystem That Enables the Smart Grid

Tendril Continues to Build the Energy Ecosystem That Enables the Smart Grid
DENVER --(Business Wire)-- Tendril, creator of the Tendril Residential Energy Ecosystem (TREE) for utilities, energy retailers and their consumers, today announced significant momentum in its customer and partner ecosystem that is helping fuel adoption of the smart grid. Wide support for Tendril's open, extensible home energy management platform and utility facing solutions combined with its commitment to affect real change in consumers' energy consumption habits is evidenced by the company's numerous milestones and achievements this year. A quick snapshot shows that Tendril: Is actively engaged with more than 30 utility partners to define their energy management and demand response programs Signed a joint development agreement with GE to combine and network GE's demand response appliances with the TREE Platform Secured $30 Million in Series C funding, which allows the company to scale to meet increased demand for its TREE Platform as utilities move into pilot and rollout phases CEO Adrian Tuck was invited to the White House by Commerce Secretary Gary Locke and Energy Secretary Steven Chu to kick-off the creation of a set of national standards that will allow the smart grid to become reality Was selected by leading publications and industry associations as innovators in the smart energy space, including: BusinessWeek's 25 Most Intriguing Energy Innovators MIT Tech Review's Top Private Company to Watch in the energy sector The Guardian's annual "Global Cleantech 100? Always On's Global 250 and Going Green 100 award lists CEO Adrian Tuck was invited to participate at a GE and Google energy efficiency event in Washington D.C.

Unveiled its mobile iPhone application for energy management "on-the-go" at Demo ‘09 Welcomed Governor Bill Ritter to an open house showcasing Tendril's growth and the strength of "green economy" in Colorado Proposed direct to consumer rebate programs as part of the DOE stimulus funding Announced the latest version of the TREE Platform, which includes multiple new features and added interoperability to further engage consumers and provide an extensive Demand Response (DR) platform for utilities and energy retailers Formalized the Tendril Partner Program, an open, dynamic community of technologies and service providers, which currently includes leading energy ecosystem vendors such as: GE; Intel; Itron; Silver Spring Networks; Landis + Gyr; Energate; Entek; Onzo; RCS Entered into a formal integration and reseller agreement with Itron that extends the reach of the TREE platform and provides seamless integration with OpenWay Began its global expansion by appointing Gilbert Shaw as vice president of global development and solidified its focus on utility partnerships by appointing Scott Durham as vice president of utility solutions Supporting Quotes "This has truly been an incredible year for Tendril. We are at the forefront of one of the most exciting technological advances of our time. While enabling the smart grid is a monumental task that will require many innovative technologies, the approach we are taking to provide an open, standards-based platform that connects it all together is proving to resonate with utilities, consumers and our growing network of partners." - Adrian Tuck, chief executive officer, Tendril "Through the Intel Open Energy Initiative, we're harnessing microprocessors in ways which enable smarter grids, and smart energy consumers. Consumers must be empowered with real-time, actionable information about their energy use, and the ability to manage their energy through a simple interface. Utilities require demand-side solutions that are based on proven technologies and open standards. Intel is excited to collaborate with Tendril, to help enable their home energy management solutions on a variety of open, Intel-based hardware devices and interfaces, providing choice for consumers and utilities alike." - Lorie Wigle, general manager, Eco-Technology Program Office, Intel "Through our collaboration with Tendril, which provides a seamless connection between GE's demand response appliances and the smart grid, consumers now have unprecedented access to information that will enable them to become more educated about their energy use and how to reduce it - without interrupting their lifestyles." - Kevin Nolan, vice president of technology, GE Consumer & Industrial "Ever increasing energy usage coupled with growing environmental concerns is driving a New Energy Economy that presents a huge opportunity for Colorado. It is exciting to see a Colorado-based company like Tendril at the forefront of innovation in this new economy and its unique consumer-centric technology platform has an important role to play in future energy efficiency programs in both Colorado and across the country." - Colorado Governor Bill Ritter "Energy efficiency has become a key part of UE's energy portfolio. Our customers have asked us to help them with their energy costs. Energy Efficiency programs like those enabled by Tendril technology, which help our customers control their energy usage and costs, can provide significant savings opportunities. More than this, these programs will help them manage their costs to address expected future cost increases as well." - Warner Baxter, president and chief executive officer, AmerenUE "Tendril offers a technology platform that promises to provide our customers with information that can help them make sound decisions about their energy consumption. Tendril's flexible technology was a good fit for our Bright Tucson project." - Denise Richerson-Smith, director of renewable and conservation programs, Tucson Electric Power "In designing our Smart Grid pilot program, we wanted to be able to provide customers with real-time energy usage information, while at the same time keeping costs down. Tendril presented us with a solution that helps us combine our existing infrastructure with advanced technology to help our customers become educated energy consumers." - Joan M. Soller, PE, senior regulatory analyst, Indianapolis Power & Light Company "Tendril is an important partner in our Smart Grid pilot program. Its platform allows us to provide customers with near real-time energy usage information, while at the same time keeping costs down by helping us combine our existing infrastructure with advanced technology. This combination will not only help our customers become educated energy consumers, it will also sustain our program as we expand it in the future." - Larry Gelbien, vice president of engineering, NSTAR "At Reliant Energy, working with our customers to better manage their energy costs and usage is a core business objective. Competition for electricity customers in Texas means we must continually deliver innovative new products. Our relationship with Tendril is helping us develop products that will complement Smart Grid functionality, enabling customers to make informed choices about their energy usage. Tendril's open, standards-based solutions play an important role in the innovation of products from Reliant Energy that will revolutionize the way consumers see and use energy." - Jason Few, president, Reliant Energy "Tendril provides an industry leading customer energy management solution based on IP standards that seamlessly integrates with the CURRENT Smart Grid network. We look forward to working with Tendril to implement innovative Smart Grid projects that maximize the efficiency of the electric distribution system and empower customers to be efficient in their electric usage." - Matt Dinsmore, senior vice president, corporate and product strategy, CURRENT Group Supporting Resources Tendril on the Web Tendril Blog See a Demo About Tendril Tendril enables true 21st century energy efficiency by establishing a dialogue between consumers and their energy providers. The Tendril Residential Energy Ecosystem (TREE) is comprised of a comprehensive suite of energy management applications (like Demand Response, Energy Efficiency and Pricing) and a suite of in-home hardware (like thermostats, in-home displays and smart outlets) that are extended to consumers and utilities over an open and standards-based platform that guarantees secure, auditable transactions and enterprise-class communications. TREE is a consumer-centric ecosystem that is designed to integrate seamlessly with a Utility's or Energy Retailers' existing back office applications and network infrastructure allowing consumers and their energy companies to communicate, collaborate and create Smart Energy for Life™. Tendril is venture backed by VantagePoint Venture Partners, Good Energies, RRE Ventures, Vista Ventures and Appian Ventures. To see more, visit: www.tendrilinc.com.