Tendril receives $20M investment from SunPower to broaden Smart Energy applications

By: InnovatioNews Monday December 15, 2014 0 comments Tags: Adrian Tuck, Boulder, ESM Platform, SunPower, Tendril, Tom Werner


BOULDER - Tendril Inc. and San Jose-based SunPower Corp. (NASDAQ: SPWR) today announced SunPower has invested $20 million of growth capital into Tendril and will license its Energy Services Management (ESM) Platform software.

Enhanced by SunPower's vast amount of solar-related data, the ESM Platform will power the development of new Smart Energy applications for a broader set of consumers and utilities, the companies said.

The combination of the functionality of the Tendril ESM Platform and SunPower's solar industry knowledge will ensure all energy providers can effectively meet consumer demand for personalized energy services, the companies said.

"Consumers want even more flexibility to tailor their energy supply and usage to fit their lifestyles, beliefs and financial goals," said Tom Werner, SunPower presdient and CEO.

"We know that in order to deliver customized offers and choices to customers, we have to first understand individual consumer needs."

"We've spent the last decade developing the only flexible enterprise-class software platform that can deliver an accurate understanding of the energy consumer on an individual basis," said Adrian Tuck, Tendril CEO.

"Our partnership with SunPower will extend that understanding to include solar, increase engagement and value to energy consumers and allow SunPower and our utility partners to better serve their customer base with even more personalized programs and services."

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