December 5
EnergyHub Is Buying Edge DERMS Company Resideo Grid Services
This week's top smart energy news, curated by the Smart Energy Consumer Collaborative (SECC).
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In yet another sign of the momentum gathering for virtual power plants, one of the largest companies already helping droves of utilities to tap into distributed energy assets is buying a rival best known for its advances in integrating smart thermostats into electricity networks. The Brooklyn-based EnergyHub, whose grid software is already in use by more than 120 utilities, is set to acquire edge DERMS company Resideo Grid Services.
Residential battery programs have evolved from pilot projects to integral grid assets – but scaling them sustainably requires more than technology. The next stage of growth depends on customer-centric program design that balances grid needs, manufacturer requirements and participant experience.
As AI accelerates across industries, utilities are under increasing pressure to innovate while protecting the systems that keep cities running. Oshawa Power, in collaboration with BHC Canada and POWERCONNECT.AI, is charting a responsible path forward – one that balances innovation, embraces technology while supporting people, processes and ensuring public trust.
According to Deloitte, peak demand is expected to increase by around 26 percent by 2035, with data center demand alone accounting for nearly 176 GW of demand by 2035. Driven by AI and data center developments, supply chain and tariff bottlenecks hindering critical infrastructure upgrades and increased extreme and erratic weather events, residential electric costs have risen by 6.1 percent for customers, creating a political challenge and leading to cultural backlash.
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Industry News
New England winters can get wicked cold. This week, five of the region’s states launched a $450 million effort to warm more of the homes in the often-frigid region with energy-efficient, low-emission heat pumps instead by burning fossil fuels. The New England Heat Pump Accelerator is a collaboration between Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island.
Residential retail electricity prices were up 7.4 percent in September over the same month last year, reaching 18.07 cents/kWh, according to the Energy Information Administration’s latest electricity monthly update. Total net generation was up 2.4 percent across the country, with Texas and the Southeast driving much of the increase.
Data center power demand is expected to hit 106 GW by 2035, according to the latest forecast by BloombergNEF. That would mark a 36-percent jump from the previous outlook, published just seven months ago. The surge in data center power demand reflects both the growth in the number of data centers in the pipeline as well as the larger size of the new data centers.
Phillip Stafford has been converted. After two years of driving a Tesla, he says there’s no going back to gasoline – the money he saves on fuel alone makes that clear. And since his work as a crisis counselor takes him all over Richmond, Virginia, he charges often. That’s made him picky about where he buys electrons.
