Resideo Grid Services Sets New Standard for Energy Management, Unveils Solutions for Smarter Electric Grid Resiliency

Scottsdale, Ariz., (Feb. 4, 2025) – Resideo Grid Services, a leader in demand response aggregation and program management, achieved a milestone year, marked by three significant trends in energy load shifting. As strain on the electric grid increases, Resideo and its partners are adopting new strategies to manage energy with greater precision and efficiency, ensuring it can be moved when and where it's needed most.

These advancements are reflected in the following trends:

• More energy shifted. The team performed more events than the previous 12 years of operation combined, showcasing a substantial increase in volume managed with minimized impact on individual customers due to targeted, shorter events. In 2024, Resideo Grid Services facilitated 2,448 demand response events, providing an estimated capacity of 773 MW, comparable to the output of 2,680 miles of solar panels.
  
  
• Focused demand response events.Partnering with 65 utilities and virtual power plant (VPP) partners nationwide, Resideo leverages its network of over 685,000 distributed energy resources (DERs) to refine energy management strategies.

“We’re continually working with utilities to shift how we manage events,” said Michael Siemann, PhD, Distinguished Engineer with Resideo Grid Services. “In 2024, 22% of our demand response events utilized less than half of their available devices, highlighting a focus on smaller, more targeted grid sections and more efficient grid management.”


• Evolving peak “season.” Last year, Resideo Grid Services helped manage 1,200 events outside the traditional summer peak season. As peak demand moves toward the winter months due to growth in the electrification of space heating, utilities and VPP operators are challenged to rethink how they manage resources and provide new tools that will help expand energy management solutions to support year-round grid reliability.

In anticipation of growing need, Resideo Grid Services is introducing the newest iteration of its Edge Distributed Energy Resource Management system (Edge-DERMS) platform. The platform supports utilities’ operations with features to manage portfolios of thermostats, batteries, water heaters, EVs and other loads, improving customer management, device connectivity and overall program execution as demand response grows more complex. It also includes enhanced versions of forecasting and load-shaping tools pioneered nearly a decade ago, along with real-time visual data for dynamic, responsive decision-making.

“The Edge-DERMS platform offers utilities more control, flexibility and actionable data to make better and more confident decisions, ensuring their customers benefit from a more seamless and efficient energy service experience,” said Dave Oberholzer, General Manager of Resideo Grid Services. “We’re also continuously enhancing the platform with our utility clients to help them manage a changing grid.”

In addition, a new website, ResideoGridServices.com, offers industry partners and leaders easy access to Resideo’s energy updates, and utilities and aggregators can stay informed on energy news, find support and learn about current energy offerings and the Connected Savings program.

For more information about Resideo’s energy services and products, visit ResideoGridServices.com.

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About Resideo
Resideo is a leading global manufacturer and developer of technology-driven products and components that provide critical comfort, energy management, and safety and security solutions to over 150 million homes globally. Resideo’s trusted First Alert® brand offers smoke alarms, carbon monoxide alarms, fire extinguishers, escape ladders, cameras and water leak detection solutions. With proven expertise for more than a century, the company’s Honeywell Home smart thermostats help balance indoor air quality and offer energy savings. Through the ADI Global Distribution business, Resideo also is a leading wholesale distributor of low-voltage security and life safety products for commercial and residential markets. For more information about Resideo, visit FirstAlert.com, HoneywellHome.com or Resideo.com.

About Resideo Grid Services
Resideo Grid Services is a leader in demand response aggregation and program management, helping utilities and energy retailers manage grid demand with precision and efficiency. Since 2012, our team has been providing innovative solutions to reduce peak demand, optimize load flexibility, and support utility programs nationwide. Resideo currently manages or participates in nearly 300 U.S. utility demand management programs and engages in six wholesale energy markets. For more information about Resideo Grid Services, visit ResideoGridServices.com.

The Honeywell Home trademark is used under a long-term license from Honeywell International Inc. As such, Honeywell cannot validate or deny the claims made in this release.

This release contains "forward-looking statements" of Resideo. All statements, other than statements of fact, that address activities, events or developments that Resideo or its management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Such statements involve known and unknown risks and uncertainties, which may cause the actual results or performance of Resideo to differ materially from such forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability to successfully deploy the Edge-DERMS platform and other risks described in our Annual Report on Form 10-K for the year ended December 31, 2023. Forward-looking statements are not guarantees of future performance, and actual results, developments, and business decisions may differ from those envisaged by our forward-looking statements. Except as required by law, we undertake no obligation to update such statements to reflect events or circumstances arising after the date of this press release and we caution investors not to place undue reliance on any such forward-looking statements.