Burnaby, BC – May 10, 2021 –– Smart grid technology leader Tantalus Systems (TSX: GRID) is pleased to announce that it has received final approval for the listing of its common shares on the Toronto Stock Exchange (the “TSX”).

Tantalus’ shares will commence trading on the TSX at the opening on Monday, May 10, 2021 and will continue to trade under the Company’s current stock ticker symbol, “GRID”. To ensure continued and seamless trading for its shareholders and in connection with the graduation to the TSX, Tantalus’ shares will be delisted from the TSX Venture Exchange at the commencement of trading on the TSX.

“Our graduation to the TSX marks another key milestone in achieving Tantalus’ purpose, which is to help build sustainable utilities of the future,” said Peter Londa, President & CEO of Tantalus. “Since joining the TSXV earlier this year, our team has been working diligently to meet the more stringent reporting requirements of the TSX and today’s transition reflects the culmination of our team’s effort. As we seek to further strengthen our organization to help utilities prepare for the decarbonization of the power industry, we anticipate enhancing our liquidity, raising our Company’s profile in the capital markets and gaining access to a broader investor base by successfully migrating to the TSX.”

CLICK HERE to read the full press release.

Traditional residential demand response (DR) programs are maturing, and the growing penetration of distributed energy resources (DER) including battery storage, rooftop PV, and EVs are creating new opportunities for residential customers in the virtual power plant (VPP) space. DR-VPPs were developed in North America and can engage the residential segment with relative ease, while supply-side VPPs originated and evolved in Europe and focus primarily on the commercial and industrial (C&I) sector. Both VPP platforms provide benefits and are driving the evolution of flexibility aggregation from siloed aggregation of automated DR load and renewable generation resources toward broader ecosystem orchestration—the mixed-asset VPP model.

The need to engage the residential sector in the provision of flexible capacity came into focus at the start of the COVID-19 pandemic when energy flows shifted away from the C&I segment and toward residential infrastructure. This redistribution of energy demand, coupled with drivers including market maturity, growing penetration of DER, and the adoption of time-varying rates, are all driving the need for residential flexibility. Simultaneously, misaligned incentives in the multifamily sector and regulatory inconsistencies are among the factors inhibiting more rapid use of residential flexible capacity.

This Guidehouse Insights report analyzes the global market for residential DR and VPP applications. The study provides an analysis of the market issues, including market drivers and barriers. Global market forecasts for capacity, implementation spending, revenue, and DR sites are broken out by region and extend through 2030.

CLICK HERE to read more or purchase the report.

PLMA Members receive a 10% discount on this report. If you are interested in purchasing and are a PLMA member, contact Brett Feldman at [email protected].

CPower partners with leading Charging-as-a-Service provider for electric vehicle fleets to drive new revenue, flexibility at the grid edge

BALTIMORE – April 28, 2021 — CPower Energy Management (“CPower”), a leading energy solutions provider, today expanded its partner ecosystem with AMPLY Power to offer transmission and distribution grids the flexibility to integrate electric vehicle (EV) chargers as a distributed energy resource (DER). AMPLY is a leader in providing fully managed charging services to public sector and commercial businesses with EV fleets. Through the partnership, CPower and AMPLY will help keep the grid balanced during peak hours.

Estimates show that commercial fleets in the U.S. will grow to include eight million EVs by 2030. As a result, power consumption will increase up to 230 terawatt-hours-per-year or approximately 6% of current U.S. power generation, creating a market opportunity of approximately $15 billion for EV fleet charging1.

“As the paradigm shift toward distributed energy resources integration becomes a reality, together with our partners, we’re unlocking benefits on both sides of the meter to maximize the full value of the grid,” said Mathew Sachs, senior vice president – strategy and business development, CPower. “As assets like electric vehicles and their chargers grow in popularity, demand-side energy management programs will become an even bigger priority for grid operators and utilities. We’re excited to partner with an industry leader like AMPLY to offer additional flexibility to the industry.”

CLICK HERE to read the full press release.

E Source has created a new podcast called PowerTalking. The casual show blends humor and industry insights to give you quick view into what our experts are thinking and talking about. In our first episode, Bill LeBlanc, Chief Instigation Agent, and Bryan Jungers, Lead Analyst, chat with electric vehicle (EV) expert Chelsea Sexton to answer some questions around EV trends. Our next episode will be on Demand Response, so be sure to subscribe on your favorite podcast app.

https://www.esource.com/PowerTalking-podcast