Tantalus Secures Term Loan from Export Development Canada to Support the Launch of the TRUSenseTM Gateway

Posted June 30, 2023
BURNABY, BC – June 30, 2023 – Tantalus Systems (TSX: GRID) (“Tantalus”), a smart grid technology company focused on helping build sustainable utilities for the future, is pleased to announce that it has secured a debt facility with Export Development Canada (“EDC”), a Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. This loan from EDC will provide Tantalus with up to US$7.0 million of capital to support the anticipated launch of the Company’s game-changing TRUSense Gateway solution as well as provide additional working capital.
The TRUSense Gateway provides utilities with next-generation advanced capabilities that allow them to deal with the mounting pressures of extreme weather events, electric vehicle (EV) and solar power adoption, and the need to upgrade outdated infrastructure in the most cost-effective way possible. Further, because this solution will provide utilities with the ability to access and analyze data from devices located behind the meter, it provides utilities with a level of control and agility to fundamentally improve the management of the distribution grid.
In addition to supporting growth initiatives, Tantalus will use a portion of the EDC loan to refinance the outstanding principal of an existing term loan obtained in connection with the acquisition of Congruitive that was amortizing through the end of 2024. Under the terms of the agreement with EDC, the loan has a six-year term and is interest-only for the first 18 months of the term. Additionally, Tantalus’ existing line of credit facility with Comerica Bank will increase from US$8.1 million to US$8.5 million, providing more flexibility to manage working capital moving forward.
“EDC is thrilled to partner with Tantalus and support its mission to modernize electric distribution grids,” stated Guillermo Freire, Senior Vice-President at EDC. “Tantalus has supported electric utilities over the last several decades and EDC is pleased to support the company, as it propels the future energy transition with its emerging and innovative technological solutions.”
“We continue to make progress towards delivering a next-generation solution that will redefine what the edge of the grid means for utilities,” stated Peter Londa, President and CEO of Tantalus. “Providing a comprehensive platform that delivers true interoperability of data from an increasing number of devices to existing mission-critical systems will enable utilities to improve load forecasting and overall grid performance by accessing the right data at the right time. We are excited to secure capital from EDC in a cost-effective manner to further our vision of helping utilities modernize the distribution grid.”
CLICK HERE to read the full press release.
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Cadmus Job Opportunity: Senior Analyst - M&V

Posted June 30, 2023
What You’ll Be Doing
Cadmus seeks a Senior Analyst to join our Energy Services business unit, focused on Residential, Commercial, and Industrial Energy Efficiency. This position is an opportunity to apply engineering skills as a consultant, and to draw valuable conclusions by collecting and analyzing data on how complex systems operate under real-world conditions.
This position will support Cadmus' industrial decarbonization team. Cadmus has been at the forefront of the energy efficiency industry and is expanding into one of the most impactful decarbonization efforts, the industrial sector. Strong candidates will enjoy solving complex engineering problems, researching innovative technologies, and conducting energy efficiency evaluations.
The Energy Division team at Cadmus assists clients in quantifying the performance of energy efficiency projects, evaluating energy efficiency and clean energy programs, providing actionable insights for clients through engineering studies, analysis, and research, conducting project due diligence, and providing other relevant technical expertise on a variety of clean energy technologies. At Cadmus, you’ll collaborate with leading energy experts to help our clients across the globe incorporate renewable energy, reduce electricity consumption, improve distributed energy systems, and attain energy equity. From research and policy development to project implementation, our work supports the advancement of energy efficiency and distributed energy in the marketplace.
- Perform residential, commercial, and industrial site visits to verify energy efficiency measure installation and operating parameters, install power metering equipment, and/or collect relevant data to inform engineering analysis of energy savings
- Analyze collected data using analytical techniques with software tools such as Excel, Python, or R; identifying trends; optimizing weather or production-normalized models; summarizing program events; and identifying impacts on program results
- Develop technical approaches for EM&V across a range of energy efficiency projects, in accordance with appropriate protocols
- Experience with project and budget management
- Report and present results and findings, as well as actionable recommendations to clients
- Work efficiently and collaboratively with interdisciplinary teams providing technical input and support to their projects
- Participate in research efforts, ensuring consistency and quality of research methods
- Conduct quality control reviews of efficiency projects and analysis.
- Serve as technical support to develop metering approaches and solutions
- Support field staff with troubleshooting metering that can arise before or during site visits
- Act as technical support for new product review and adoption
- Work with project managers to brainstorm metering solutions
- Support proposals as needed with metering design and solutions
- Serve as technical support and safety liaison
- Promote safety protocols and ensure adequate supply of PPE for field staff
- Work with Cadmus leads to facilitate staff training on metering, data logging methods and electrical safety
- Evaluate equipment for obsolescence and replacement
- Perform administrative duties such as:
- Review and maintain metering equipment inventories and database
- Maintain staff metering skills tracking workbook
- Approve meters related equipment, PPE and other supplies purchase orders and invoices
CLICK HERE to read the full press release.
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Cadmus Job Opportunity: Senior Analyst - Energy Division

Posted June 30, 2023
What You’ll Be Doing
Cadmus seeks a Senior Analyst to join our Energy Services business unit, focused on Residential, Commercial, and Industrial Energy Efficiency. This position is an opportunity to apply engineering skills as a consultant, and to draw valuable conclusions by collecting and analyzing data on how complex systems operate under real-world conditions.
This position will support Cadmus' Program Evaluation & Performance team. Cadmus has been at the forefront of the energy efficiency industry supporting utilities achieve their energy efficiency and electrification goals. Strong candidates will enjoy solving complex engineering problems, researching innovative technologies, and conducting energy efficiency evaluations.
The Energy Division team at Cadmus assists clients in quantifying the performance of energy efficiency projects, evaluating energy efficiency and clean energy programs, providing actionable insights for clients through engineering studies, analysis, and research, conducting project due diligence, and providing other relevant technical expertise on a variety of clean energy technologies. At Cadmus, you’ll collaborate with leading energy experts to help our clients across the globe incorporate renewable energy, reduce electricity consumption, improve distributed energy systems, and attain energy equity. From research and policy development to project implementation, our work supports the advancement of energy efficiency and distributed energy in the marketplace.
- Perform residential, commercial, and industrial site visits to verify energy efficiency measure installation and operating parameters, and/or collect relevant data to inform engineering analysis of energy savings
- Analyze collected data using analytical techniques with software tools such as Excel, Python, or R; identifying trends; optimizing weather or production-normalized models; summarizing program events; and identifying impacts on program results
- Develop EM&V plans across a range of energy efficiency projects, in accordance with appropriate protocols
- Report and present results and findings, as well as actionable recommendations to clients
- Work efficiently and collaboratively with interdisciplinary teams providing technical input and support to their projects
- Participate in research efforts, ensuring consistency and quality of research methods
- Conduct quality control reviews of efficiency projects and analysis.
- Independently manage tasks
CLICK HERE to read the full press release.
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Cadmus Job Opportunity: Mechanical Engineer

Posted June 30, 2023
What You’ll Be Doing
Cadmus seeks an Analyst to join our Energy Services practice as part of the evaluation and performance team, focused on Residential and Commercial Energy Efficiency. This position is an opportunity to apply engineering skills as a consultant, and to draw valuable conclusions by collecting and analyzing data on how complex systems operate under real-world conditions. Strong candidates will enjoy solving complex engineering problems, researching innovative technologies, and conducting energy efficiency evaluations.
The Energy Division team at Cadmus assists clients in quantifying the performance of energy efficiency projects, evaluating energy efficiency and clean energy programs, providing actionable insights for clients through engineering studies, analysis, and research, conducting project due diligence, and providing other relevant technical expertise on a variety of clean energy technologies. At Cadmus, you’ll collaborate with leading energy experts to help our clients across the globe incorporate renewable energy, reduce electricity consumption, improve distributed energy systems, and attain energy equity. From research and policy development to project implementation, our work supports the advancement of energy efficiency and distributed energy in the marketplace.
- Perform and evaluate engineering calculations to determine energy savings for residential, industrial and commercial energy efficiency measures.
- Support with residential, commercial, and industrial decarbonization research in areas related to energy efficiency, alternative fuels, and electrification.
- Support our engineering teams by developing to measurement and verification plans.
- Perform commercial and industrial site visits to verify energy efficiency measure installation and operating parameters, and collect relevant data to inform engineering analysis of energy savings
- Analyze collected data using analytical techniques with software tools such as Excel, Python, or R; identifying trends; optimizing weather or production-normalized models; summarizing program events; and identifying impacts on program results
- Work efficiently and collaboratively with interdisciplinary teams providing technical input and support to their projects
- Participate in research efforts, ensuring consistency and quality of research methods
- Effectively communicate results and findings to the engineering team.
- Support meter lab managers with equipment inventory and management tasks.
CLICK HERE to read the full press release.
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Duke Energy Job Opportunity: Field Services Coordinator - EnergyWise (Electrical Inspector Certification)

Posted June 29, 2023
Job Summary This position is responsible for overseeing the recruitment, development, training and management of assigned residential EnergyWise Home program trade ally & vendor relationships, coordinating and completing Quality Assurance / Quality Control inspection requirements to maintain FPSC compliance for licensed / insured trade allies and technicians.
Responsibilities include but are not limited to: inventory control, ensure contractual compliance, on-site inspections to ensure trade allies / vendors quality control, FPSC compliance and code specifications are met, escalation management, field evaluation of technical task and resolution of customer claims / service calls regarding residential EnergyWise Home offerings. Additional responsibilities include: technical support for external / internal customers, field contact for external / internal customers, trade ally / vendors, and/also include DE Storm Response support as needed.
Read more about our EnergyWise Home offering here (full link below).
Responsibilities
- Operations – Oversee safety, quality, and customer experience of daily service work of residential EnergyWise Home technicians providing fulfillment of program to ensure code compliance, program compliance / processes and customer experience are met. Oversee and lead escalation process with customer, DE leadership, required internal customers (program management), trade ally(s), code enforcement and manufacturer representatives, ensuring resolution meets financial and service level agreements.
- Vendor Management – Recruit, hire and train a network of desired / qualified service providers that deliver quality services to DE residential EnergyWise Home customers within an assigned territory.
- Supply Chain Management – Responsible for vendor inventory levels to meet installation KPIs and service levels. Ensure product quality and financial accountability for all company-owned products and equipment.
- Contracts & Vendor Agreements – Negotiate and/or administer contracts with trade allies regarding fee structure, delivery schedule, and service level and program compliance. Monitor and inspect to ensure vendor performance and compliance with terms of agreements. Ensure vendor licensing and insurance requirements are in-line with terms and conditions of agreements, including State, County (jurisdictions with authority) and provide corrective action plan and reporting as required.
CLICK HERE to read the full job description and apply.
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