GE Appliances & Tantalus Systems Partner to Provide Energy Demand Management

The GE Appliances EcoBalance System will work with Tantalus’ TRUSense Gateway™ to reduce peak energy usage of home appliances, HVAC and water heaters

LOUISVILLE, Ky. and BURNABY, B.C. (February 22, 2024) – GE Appliances, a Haier company, and Tantalus Systems (TSX:GRID) today announce a partnership that will revolutionize the way home appliances, HVAC systems and water heaters use real-time data to manage energy delivery and consumption. The industry-first GE Appliances EcoBalance System in partnership with Savant will integrate with Tantalus’ TRUSense Gateway to cycle individual home appliances, including air and water heating products, to support grid modernization initiatives.

GE Appliances EcoBalance System in partnership with Savant provides market-leading capabilities allowing consumers to control their  energy management of home appliances, HVAC systems and water heaters. Tantalus’ TRUSense Gateway is installed between existing meters and meter sockets, eliminating the costly and labor-intensive process of replacing all the meters in a utility service area.

“We helped electrify America, and with our portfolio of innovative smart products and the technology of Tantalus, we can use our shared capabilities to help save consumers money and help save the country’s electrical grid,” said Kevin Nolan, president and CEO of GE Appliances, a Haier company. “GE Appliances products are currently in half of all U.S. homes, and we have an install base of 26 million connectable appliances – so we have the capacity to work with demand management systems to make a significant impact on saving electricity.”

GE Appliances is America’s number one appliance company, the first choice for builders and the first to offer suites of connected appliances.  Tantalus helps more than 285 utilities and energy providers modernize their distribution grids by harnessing the power of data across devices and systems deployed from the substation to home appliances, water heaters, HVAC systems, or electric vehicle chargers.  By adding Tantalus to the GE Appliances EcoBalance System, products will be able to “communicate” with energy companies.  For example, refrigerator defrost or ice cycles can run during off-peak hours, water heaters can be charged with energy for use later in the day, and HVAC systems can be adjusted a few degrees to save energy and reduce peak demand.

These capabilities can be leveraged to help utilities reduce their carbon footprint and balance energy load profiles – without sacrificing performance or style. In addition, the technology is useful when utilities are planning for natural disasters.  Certain items, like water heaters, can be charged with electricity in advance of an incoming storm and used as a thermal storage device if power is disrupted.

“In partnership with GE Appliances and Savant, Tantalus’ new TRUSense Gateway will provide utilities with the visibility, command and control they need over the distribution grid and allow them to better serve customers as a wider range of smart appliances and electric vehicles are adopted. By harnessing the power of data from devices located behind the meter, we can further accelerate grid modernization efforts,” said Peter Londa, President & CEO of Tantalus Systems. “We are honored to join GE Appliances EcoBalance System and work alongside their team to improve a utilities’ resiliency, reliability and sustainability.”

The combined capabilities of GE Appliances’ EcoBalance System in partnership with Savant and Tantalus’ TRUSense Gateway will be displayed at the 2024 International Builders Show, DISTRIBUTECH International and TechAdvantage It will also be incorporated into upcoming field trials with utilities.

About GE Appliances, a Haier company
At GE Appliances, a Haier company, we come together to make “good things, for life.” We’re creators, thinkers and makers who believe that anything is possible and that there’s always a better way. We’re a company powered by our people, made stronger through our diversity — allowing us to grow closer than ever before to our owners, anticipate their needs and enhance their lives. In 2021 and 2022, 2023 we were certified as a Great Place to Work™, for the second year in a row named one of Fortune’s Best Places to Work in Manufacturing, honored as one of the Best Workplaces for Innovators by Fast Company magazine, garnered one of Best Companies for Multicultural Women by Seramount (formerly Working Mother Media), earned the Achievers 50 Most Engaged Workplaces® award, received a perfect score for the fifth year in a row on the Human Rights Campaign’s Corporate Equality Index, and named one of the Top 100 Internship Programs by WayUp.

Since 1907, we’ve built innovative, quality products that are trusted in half of all U.S. homes. We sell appliances under the Monogram®, Café™, GE Profile™, GE®, Haier™ and Hotpoint™ brands. Our products include refrigerators, freezers, cooking products, dishwashers, washers, dryers, wine & beverage centers, air conditioners, small appliances, water filtration systems and water heaters.

To learn more about our company, brands, Corporate Citizenship efforts, economic impact, and working for GE Appliances, visit geappliancesco.com.

About Tantalus Systems Holding Inc. (TSX:GRID)

Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at https://tantalus.com/.

Forward-Looking Information:

This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not  limited to, the adoption, performance, functionality, benefits and development of the joint solution of technologies from GE Appliances, Tantalus and Savant for consumers and utilities, the issues anticipated to face utilities and consumers relating to the modernization of the distribution grid and how those issues can best be addressed, and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate,” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement.

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