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Tantalus Acquires Demand Management Company Energate

August 24, 2017
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Tantalus Systems, a leading provider of smart grid solutions for electric and multi-commodity utilities, announced that it completed the acquisition of Energate, Inc., a leader in interactive demand management solutions. The acquisition expands Tantalus' smart grid application portfolio to include a comprehensive solution designed to empower utilities and energy service providers to control load at the edge of the distribution network.

"Incorporating Energate's advanced demand management solutions into Tantalus' product portfolio represents an exciting step towards delivering our vision to assist utilities improve their profitability, reliability and operating efficiency," said Peter Londa, President & CEO for Tantalus.

Tantalus' edge computing capabilities are designed to deliver valuable, granular, interval data from an electric utility's network. By integrating detailed insights into energy consumption from large appliances in homes and buildings, Tantalus can assist utilities with mitigating imbalances between supply and demand, shift peak load and utilize dynamic rate structures through advanced programs. Utilities can also deliver increased value to their customers by offering load control devices and a comprehensive customer portal to educate and empower home owners, business owners and landlords to become smarter consumers of electricity. The interrelated data available through the combined solution is designed to provide utilities with a precise understanding of the energy demands and use patterns of specific devices within any home or building.

"By combining forces and leveraging Tantalus' resources and financial strength, we can accelerate the growth of our organization. Together, we provide a more compelling offer that is truly capable of delivering on the promise of smart grid," said Steve Dodds, CEO of Energate, Inc. "Over the past several years, we made significant progress in deploying our latest load control switch with four relays to complement our Zigbee/WiFi enabled smart thermostat and overall solution."

Energate's 50 utility and energy service providers bring new market segments into the Tantalus fold. All existing Tantalus and Energate customers will continue to receive ongoing support, continued access to solutions and products including upcoming enhancements and current project commitments. The companies will remain committed to supporting its combined customer base of municipal, cooperative, investor owned utilities and energy service providers.


Source: Tantalus


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