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Tendril Releases Latest Version of Its Data Analytics Software Platform Enabling Utilities to Reduce Cost and Drive Behind-the-Meter GrowthTendril today announced major enhancements to its data analytics software solution with the release of Tendril Platform 4. Long established as one of the industry's leading energy efficiency and customer engagement platforms, the new technology upgrades and latest strategic partnerships with Nest and EFI make Tendril Platform 4 the most complete, demand side management (DSM (News - Alert)) analytics software on the market. "Utilities have worked diligently over the last several years to build trust with their customers. While these efforts to engage and educate have been vital, now we must build on this foundation to diversify revenue streams and offer advanced home control technologies," said Adrian Tuck, CEO, Tendril. "While point solutions helped address the engagement piece, they don't take us to this next level. For that, we need to deliver a seamless end-to-end experience leveraging data to deliver personalized insights that drive meaningful actions. Only with DSM analytics software like Tendril Platform 4 can we make this important shift." Tendril Platform 4 builds on previous investments the company made around analytics, advanced targeting and segmentation, support for ecosystem partners and device interconnection. These new enhancements and partnerships further enable utilities to convert consumers to digital channels, create value with AMI data, model distributed energy resources (DERs), improve marketplace transactions and design non-wires alternatives (NWAs). The enhancements include: Strategic Partnerships
Universal Behavioral Energy Efficiency (BEE
Analytics
Continuous Demand Management
Supporting Quotes "We've been impressed with the ability of Orchestrated Energy to increase energy efficiency and reduce peak demand from HVAC usage," said Jeff Hamel, Head of Energy Partnerships, Nest. "With our recent integration with the Tendril Platform, we look forward to partnering with Tendril on demand response and other programs that further our vision for the connected home." "Utility Marketplaces have become a critical path to engage consumers with offers for products and services that contribute to their energy management goals," said Mark Willingham, Senior Vice President, EFI. "As the pioneer and market leader in this space we are committed to continually innovating our solutions to meet the evolving needs of both utilities and consumers. That approach led to our partnership with Tendril, whose rich data analytics will help us better tailor and personalize our Marketplace experience." "While the commercial and industrial DSM customer engagement space is relatively crowded, only a few companies, like Tendril, have been able to deliver successful DSM capability on the residential side of the business," said Kevin Prouty, Vice President of Energy Insights, IDC (News - Alert). "IDC Insights recognizes that a complete DSM system that includes key features like smart device interconnection, marketplace support, analytics, AMI integration and automated reporting is the system that utilities are typically looking for in residential customer engagement." About Tendril Tendril is transforming the residential energy market. Our data analytics on more than 140 million homes creates new business opportunities for any product or service provider connected to the home. This currently 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 (News - Alert) at @tendril.
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