The GE Appliances EcoBalance System will work
with Tantalus’ TRUSense Gateway™ to reduce peak energy usage of
home appliances, HVAC and water heaters
GE Appliances, a Haier company, and Tantalus Systems (TSX:GRID)
today announce a partnership that will revolutionize the way home
appliances, HVAC systems and water heaters use real-time data to
manage energy delivery and consumption. The industry-first GE
Appliances EcoBalance System in partnership with Savant will
integrate with Tantalus’ TRUSense Gateway to cycle individual home
appliances, including air and water heating products, to support
grid modernization initiatives.
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the full release here:
https://www.businesswire.com/news/home/20240222534988/en/
GE Appliances EcoBalance System (Photo:
GE Appliances, a Haier company)
GE Appliances EcoBalance System in partnership with Savant
provides market-leading capabilities allowing consumers to control
their energy management of home appliances, HVAC systems and water
heaters. Tantalus’ TRUSense Gateway is installed between existing
meters and meter sockets, eliminating the costly and
labor-intensive process of replacing all the meters in a utility
service area.
“We helped electrify America, and with our portfolio of
innovative smart products and the technology of Tantalus, we can
use our shared capabilities to help save consumers money and help
save the country’s electrical grid,” said Kevin Nolan, president
and CEO of GE Appliances, a Haier company. “GE Appliances products
are currently in half of all U.S. homes, and we have an install
base of 26 million connectable appliances – so we have the capacity
to work with demand management systems to make a significant impact
on saving electricity.”
GE Appliances is America’s number one appliance company, the
first choice for builders and the first to offer suites of
connected appliances. Tantalus helps more than 285 utilities and
energy providers modernize their distribution grids by harnessing
the power of data across devices and systems deployed from the
substation to home appliances, water heaters, HVAC systems, or
electric vehicle chargers. By adding Tantalus to the GE Appliances
EcoBalance System, products will be able to “communicate” with
energy companies. For example, refrigerator defrost or ice cycles
can run during off-peak hours, water heaters can be charged with
energy for use later in the day, and HVAC systems can be adjusted a
few degrees to save energy and reduce peak demand.
These capabilities can be leveraged to help utilities reduce
their carbon footprint and balance energy load profiles - without
sacrificing performance or style. In addition, the technology is
useful when utilities are planning for natural disasters. Certain
items, like water heaters, can be charged with electricity in
advance of an incoming storm and used as a thermal storage device
if power is disrupted.
“In partnership with GE Appliances and Savant, Tantalus’ new
TRUSense Gateway will provide utilities with the visibility,
command and control they need over the distribution grid and allow
them to better serve customers as a wider range of smart appliances
and electric vehicles are adopted. By harnessing the power of data
from devices located behind the meter, we can further accelerate
grid modernization efforts,” said Peter Londa, President & CEO
of Tantalus Systems. “We are honored to join GE Appliances
EcoBalance System and work alongside their team to improve a
utilities’ resiliency, reliability and sustainability.”
The combined capabilities of GE Appliances’ EcoBalance System in
partnership with Savant and Tantalus’ TRUSense Gateway will be
displayed at the 2024 International Builders Show, DISTRIBUTECH
International and TechAdvantage It will also be incorporated into
upcoming field trials with utilities.
About GE Appliances, a Haier
company
At GE Appliances, a Haier company, we come together to make
"good things, for life." We're creators, thinkers and makers who
believe that anything is possible and that there’s always a better
way. We’re a company powered by our people, made stronger through
our diversity — allowing us to grow closer than ever before to our
owners, anticipate their needs and enhance their lives. In 2021 and
2022, 2023 we were certified as a Great Place to Work™, for the
second year in a row named one of Fortune’s Best Places to Work in
Manufacturing, honored as one of the Best Workplaces for Innovators
by Fast Company magazine, garnered one of Best Companies for
Multicultural Women by Seramount (formerly Working Mother Media),
earned the Achievers 50 Most Engaged Workplaces® award, received a
perfect score for the fifth year in a row on the Human Rights
Campaign’s Corporate Equality Index, and named one of the Top 100
Internship Programs by WayUp.
Since 1907, we’ve built innovative, quality products that are
trusted in half of all U.S. homes. We sell appliances under the
Monogram®, Café™, GE Profile™, GE®, Haier™ and Hotpoint™ brands.
Our products include refrigerators, freezers, cooking products,
dishwashers, washers, dryers, wine & beverage centers, air
conditioners, small appliances, water filtration systems and water
heaters.
To learn more about our company, brands, Corporate Citizenship
efforts, economic impact, and working for GE Appliances, visit
geappliancesco.com.
About Tantalus Systems Holding Inc.
(TSX:GRID)
Tantalus is a technology company dedicated to helping utilities
modernize their distribution grids by harnessing the power of data
across all their devices and systems deployed throughout the entire
distribution grid. We offer a grid modernization platform across
multiple levels: intelligent connected devices, communications
networks, data management, enterprise applications and analytics.
Our solutions provide utilities with the flexibility they need to
get the most value from existing infrastructure investments while
leveraging advanced capabilities to plan for future requirements.
Learn more at http://www.tantalus.com/.
Forward-Looking Information:
This news release includes information, statements, beliefs and
opinions which are forward-looking, and which reflect current
estimates, expectations and projections about future events,
including, but not limited to, the adoption, performance,
functionality, benefits and development of the joint solution of
technologies from GE Appliances, Tantalus and Savant for consumers
and utilities, the issues anticipated to face utilities and
consumers relating to the modernization of the distribution grid
and how those issues can best be addressed, and other statements
that contain words such as “believe,” “expect,” “project,”
“should,” “seek,” “anticipate,” “will,” “intend,” “positioned,”
“risk,” “plan,” “may,” “estimate,” or, in each case, their negative
and words of similar meaning. By its nature, forward-looking
information involves a number of risks, uncertainties and
assumptions that could cause actual results or events to differ
materially from those expressed or implied by the forward-looking
information. These risks, uncertainties and assumptions could
adversely affect the outcome of the plans and events described
herein. Readers should not place undue reliance on forward-looking
information, which is based on the information available as of the
date of this news release and Tantalus disclaims any intention or
obligation to update or revise any forward-looking information
contained in this new release, whether as a result of new
information, future events or otherwise, unless required by
applicable law. The forward-looking information included in this
news release is expressly qualified in its entirety by this
cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20240222534988/en/
Allison Martin Allison.martin@geappliances.com 502-452-4198
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