New York businesses address peak demand reduction and load relief on the distribution grid while propelling forward the state’s distributed energy resource goals

BALTIMORE — April 21, 2021 — CPower Energy Management (“CPower”), a leading energy solutions provider, today announced that it has been selected as one of the awardees by Con Edison and Niagara Mohawk Power Corporation d/b/a National Grid (“National Grid”) for each utility’s Term-Dynamic Load Management (DLM) Program (“Term-DLM Program”) in New York. The Term-DLM Program is a day-ahead peak-shaving program that will incentivize customers to provide load relief with 21 hours of notice or more. The program offers fixed pricing for contract lengths of three to five years and longer-term price certainty compared to tariff-based DLM programs, which can change pricing annually.

The Term-DLM Program was established in September 2020 by the New York Public Service Commission along with an additional long-term, contract-based program called the Auto-DLM Program, which requires higher performance in delivering load relief and the ability to respond to event calls in 10 minutes. The new programs aim to create more opportunities for distributed energy resources to participate in distribution level demand response and to help meet New York’s clean energy goals, including the procurement of 1,500 MW of energy storage by 2025 and 70 percent of its electricity from renewable sources by 2030.

“New York dynamic load programs serve as a model for greater energy flexibility as it creates value for both the utility and customer,” said Peter Dotson-Westphalen, senior director of Market Development, CPower. “We are honored to have been selected by Con Edison and National Grid as they advance the state’s goals for distributed energy resources, such as energy storage, to drive a cleaner energy future.”

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Burnaby, BC – April 21, 2021 –– Smart grid technology leader Tantalus Systems Holding Inc. (TSXV: GRID) (“Tantalus”, “TSHI” or the “Company”) today announced the financial results for its wholly-owned subsidiary, TSH Canada Inc. (formerly known as Tantalus Systems Holding Inc.), for the fourth quarter and fiscal year ended December 31, 2020. The Company also announced that the Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Company’s shares. Listing is subject to the Company fulfilling all requirements of the TSX. The Company expects to satisfy the TSX’s requirements in the coming weeks.

“Considering the challenges witnessed throughout the course of 2020 due to the impact of the COVID-19 pandemic across our utility customers and their communities, our business partners, and our employees, Tantalus finished the year with strong revenues during the second half of 2020, higher gross profits year-over-year and delivered a fourth consecutive year of positive adjusted EBITDA. The financial results delivered during the latter portion of 2020 bode well for our company and demonstrate management’s ability to navigate through unforeseen challenges at a macro-level,” said Peter Londa, President & CEO of Tantalus. “While Tantalus continues to witness disruptions to the utility sector on a regional basis across Canada, the United States and the Caribbean Basin arising from the COVID-19 pandemic and is subject to the supply chain constraints for microprocessors being witnessed globally in 2021, our business conditions are improving with increasing tailwinds to support the Company’s long-term growth.”

As an example of the tailwinds that are anticipated to support long-term growth, the Biden Administration’s shift in environmental policy, highlighted by a goal of decarbonizing the power industry in the United States by 2050, will lead to a massive investment in both renewable sources of generation and necessary upgrades to the distribution grid to provide utilities with the ability to command and control assets from the substation to the meter and into buildings and residences. In support of the administration’s environmental policy, the recent announcement of a $2 trillion stimulus package includes funding for utilities to upgrade infrastructure in conjunction with the deployment and adoption of renewable energy (such as wind and large solar installations) and distributed energy resources (known as “DERs”, such as electric vehicles, roof-top solar panels and battery storage). As these new renewable sources of power are deployed, utilities will need to make upgrades to their distribution grids to plan for the variability of renewable energy, as witnessed in Texas during the winter storm earlier this year, and to fully integrate DERs into their grid.

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Key practitioner perspectives needed...

Project Scope
The project focuses on how utility integrated energy efficiency/demand flexibility programs can promote grid-interactive efficient buildings (GEBs) by investigating successful projects, key learnings, existing business model challenges and regulatory barriers, and case studies.

Project Partners
SEPA is conducting this industry-leading study in partnership with Lawrence Berkeley National Laboratory (Berkeley Lab) and the U.S. Department of Energy’s (DOE) Building Technology Office. What’s Next & How You Can Participate SEPA will convene diverse experts for focus groups and interviews to:

• Identify energy efficiency, demand response, and demand flexibility programs/pilots that may promote GEBs
• Discuss successful projects, key learnings, and existing business model challenges and regulatory barriers
• Explore the future of GEBs including perspectives on the role of the utility, solution providers, and regulators, and ways the industry can promote GEBs

Focus group discussions will be conducted under Chatham House Rule, with anonymized key learnings informing the study’s report to be published in late 2021. Additionally, the study will feature key utility case studies, which will be identified from focus group workshops for further interviews. Focus group participants will have the opportunity to:

• Highlight their successful projects and findings that enable integrated energy efficiency, demand response, and demand flexibility programs,
• Help the electric industry overcome existing business model challenges and regulatory barriers, and
• Build a network to engage in peer-to-peer learning and discussion.

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