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EnergyHub Helps Ontario's IESO Build Canada's Largest Residential Virtual Power Plant in Just Six Months
According to a recent report by the Rocky Mountain Institute, virtual power plants - groups of internet-connected devices like batteries, electric vehicles, and smart thermostats that can be actively controlled - are a valuable and largely overlooked resource for advancing key grid objectives. By 2030, VPPs could reduce peak demand in the United States by 60 gigawatts (GW) and could grow to more than 200 GW by 2050. In addition, VPPs could help reduce annual power sector expenditures by $35 billion in 2030. "The scale and speed of enrollment proves that electricity providers and customers can partner on initiatives that provide mutual benefit," said Erika Diamond, Senior Vice President of Customer Solutions at EnergyHub. "The IESO has built a resource that will continue to grow and play a key role in keeping the grid reliable and accelerating decarbonization as demand for electricity in the province increases." The Peak Perks™ program shows that well-designed and effectively-marketed programs scale quickly. Close coordination with device partners (OEMs) to secure maximum visibility for the program in OEM marketing channels, optimized customer-facing microsites and enrollment pages, and consultation on marketing best practices - paired with integrations with the industry's largest network of device partners - enabled tens of thousands of the IESO's participants to easily join Peak Perks™ with the smart thermostat of their choosing. "We are so pleased that Ontario residents are taking an active role in energy efficiency through Peak Perks," said Tam Wagner, Director of Demand Side Management at the IESO. "Demand side management is a critical resource that can make a significant contribution to the reliability of the province's electricity grid - especially on hot summer days when air conditioning use is at its highest - and will play an important role in ensuring long-term electricity supply matches demand in the province." EnergyHub is an independent subsidiary of Alarm.com (NASDAQ:ALRM), the leading platform for the intelligently connected property. About EnergyHub EnergyHub is the leading grid-edge DERMS provider. Utilities rely on EnergyHub's DERMS platform to manage all distributed energy resources to serve grid and market objectives. EnergyHub works with over 60 utilities in North America to manage more than 1.7 GW of flexible capacity. We empower utilities and their customers to create a clean, distributed energy future. For more information, visit www.energyhub.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240201701375/en/
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