Ecova and Tendril have entered into a five-year agreement to manage the energy efficiency portfolio of a large, as yet unnamed, electric utility located in the mid-Atlantic region, with approximately 1 million customers.
“For more than 15 years, Ecova has worked with utilities to empower residential customers to take charge of their home energy usage,” said Jana Schmidt, president and chief executive officer for Ecova. “This strategic collaboration with Tendril is a new step in helping utilities use their energy efficiency portfolio as a conversation starter to achieve a more unified customer experience. With a strong foundation grounded in data and insight, Ecova is uniquely positioned to enhance residential customers’ experience by uniting its numerous residential offerings into a single source of truth for whole home energy efficiency.”
“This collaboration validates our view of where the industry is headed and establishes our joint client as a trailblazer in ushering in a new era of delivering energy as a service,” said Adrian Tuck, chief executive officer for Tendril. “We are pleased to lend our data analytics software and expertise to help utilities achieve a truly integrated energy efficiency portfolio.”
In early 2015, ENGIE, the holding company of which Ecova is a subsidiary, invested in Tendril through its investment fund ENGIE New Ventures, which targets innovative start-up companies. This investment and the subsequent collaboration between Ecova and Tendril reflect ENGIE’s priority of providing a range of innovative energy solutions for its customers.