Proving the Business Case for the Internet of Things

SunPower invests $20 million in Tendril to develop smart energy apps

Iain Morris
December 16, 2014

Solar panel maker SunPower has made a $20 million capital investment in Tendril and will license the energy management player’s software platform.

The company aims to develop a range of new smart energy applications for consumers and utilities.

The applications will combine Tendril’s platform with SunPower’s expertise in the solar industry to ensure that energy providers can meet emerging customer demands for personalized energy services.

In a statement, SunPower (San Jose, CA, USA) said the approach would include enhancing insight, choice and control of energy for customers, as well as improving the marketing of solar solutions through direct to consumer and utility channels.

“Consumers want even more flexibility to tailor their energy supply and usage to fit their lifestyles, beliefs and financial goals,” said Tom Werner, SunPower president and chief executive. “We know that in order to deliver customized offers and choices to customers, we have to first understand individual consumer needs.”

Tendril (Boulder, CO, USA) says it has spent the last decade developing the only flexible enterprise- class software platform that is capable of delivering an accurate understanding of the energy customer on an individual basis.

“Our partnership with SunPower will extend that understanding to include solar, increase engagement and value to energy consumers, and allow SunPower and our utility partners to better serve their customer base with even more personalized programs and services,” said Adrian Tuck, Tendril’s chief executive.
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