Resideo Technologies, Inc. has announced that it sold its Grid Services demand response business, that primarily caters to utility clients, to EnergyHub, a provider of grid-edge flexibility solutions.
This divestiture will enable Resideo to better focus on its core strategy to be a leader in residential controls and sensing products serving its professional contractor and integrator customer base.
After the transaction, Resideo will continue to be able to control and maintain energy loads in the home through integrations between its thermostats and other products and third-party demand response platforms.
EnergyHub’s platform is trusted by more than 120 utilities, which collectively serve more than 55 million customers.
The acquisition of Resideo Grid Services scales EnergyHub’s ability to help utilities manage connected devices including thermostats, electric vehicles and batteries from a single Edge Distributed Energy Resource Management System (DERMS), supporting reliable, affordable service for every utility customer.
Dave Oberholzer, General Manager at Resideo Grid Services said: “I am extremely proud of the innovation, customer partnerships, and strong reputation our Grid Services team has built.
“By joining forces with EnergyHub, we will be able to offer our utility clients a broader ecosystem of DERs and leverage our winning platforms and talented team to accelerate the transition to a carbon-free grid.”
The terms of the transaction were not disclosed.
Resideo Technologies, Inc. has announced that it sold its Grid Services demand response business, that primarily caters to utility clients, to EnergyHub, a provider of grid-edge flexibility solutions.
