Resideo Technologies And BGE Announce Partnership To Expand Demand Response Program In Maryland
Portfolio Pulse from Benzinga Newsdesk
Resideo Technologies (NYSE:REZI) and Baltimore Gas and Electric (BGE) have announced a partnership to expand BGE's Connected Rewards program in Maryland. This initiative aims to balance the grid during peak demand periods and deliver energy savings to customers by leveraging Resideo's expertise in energy management and smart device integration. The program encourages customers to enroll their smart thermostats to receive financial incentives, contributing to grid reliability and efficiency.
April 30, 2024 | 9:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Resideo Technologies' partnership with BGE to expand the Connected Rewards program in Maryland highlights the company's commitment to energy management and grid reliability. This collaboration is expected to enhance Resideo's visibility in the energy sector and potentially increase demand for its smart home products.
The partnership with BGE positions Resideo Technologies at the forefront of energy management solutions in Maryland, potentially increasing its market share and customer base in the smart home sector. The focus on grid reliability and energy savings aligns with growing consumer and legislative interest in energy efficiency, which could lead to increased sales of Resideo's smart thermostats and other connected home products.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90