SunPower pours $20m into energy software company Tendril

first_imgSunPower pours $20m into energy software company TendrilInjection of growth capital into Tendril’s energy services management platform set to enhance consumers’ personalized energy services. December 16, 2014 Ian Clover Legal Manufacturing Markets Markets & Policy Share California-headquartered solar manufacturer SunPower has invested $20 million of growth capital into Tendril – a data-driven software company that has developed a smart energy services management (ESM) platform software. The collaboration will see the ESM platform define SunPower’s growing personalized energy services sector, which has become a key tenet of the company’s ongoing evolution. Augmented by SunPower’s hefty weight of solar-related data, Tendril’s ESM platform could revolutionize the advancement of smart energy applications, bringing greater energy control and transparency to a raft of utilities and power consumers. The ESM platform enhances the level of data control, insight and choice available to its users, and also boasts a range of marketing packages that can help consumers make the right choice when selecting their personalized solar solutions. “Consumers want even more flexibility to tailor their energy supply and usage to fit their lifestyles, beliefs and financial goals,” said SunPower president and CEO Tom Werner. “We know that in order to deliver customized offers and choices to customers, we have to first understand individual customer needs.” SunPower has gone big on customer focus in recent months. Its pursual of bringing CCOE (Customer Cost of Electricity) to the fore has become a key aim for the company, and recent moves within the module-level power electronics field (such as the acquisition of microinverter company SolarBridge earlier this year) and this deal with Tendril suggest that the solar giant is predicting big things for this portion of the market. Tendril CEO Adrian Tuck remarked that the partnership with SunPower will increase energy consumers’ understanding of their own levels of consumption, putting them at the levers of control and effecting a change in how renewable energies are viewed. “This partnership will extend the understanding of the energy consumer on an individual basis, particularly with solar, and will increase engagement and value to energy consumers,” Tuck said, adding that the partnership will allow SunPower, Tendril and utility partners to “better serve their customer base with even more personalized programs and services.”Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… Spanish developer plans 1 GW solar plant coupled to 80 MW of storage, 100 MW electrolyzer Pilar Sánchez Molina 22 April 2021 pv-magazine.com Soto Solar has submitted the project proposal to the Ecological Transition and the Demographic Challenge (Miteco). The solar plant could start produc… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… 123456Share Ian Clover Ian joined the pv magazine team in 2013 and specializes in power electronics (inverters) and battery storage. Ian also reports on the UK solar market, having worked as a print and web journalist in Britain for various multimedia companies, covering topics ranging from renewable energy and sustainability to real estate, sport and film.More articles from Ian Clover [email protected] Related content US start-up secures distribution agreement for nickel-hydrogen battery technology Emiliano Bellini 20 April 2021 pv-magazine.com EnerVenue signed its first major distribution agreement with Hong Kong’s Towngas. 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Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… 123456Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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