Alarm.com's (ALRM) and Tesla (TSLA) to Support the Northeast's Largest Battery Virtual Power Plant

Tesla, Inc. (NASDAQ: TSLA) and EnergyHub (an independent subsidiary of Alarm.com (NASDAQ: ALRM)), the industry's most experienced provider of distributed energy management systems (DERMS), have collaborated to enable ConnectedSolutions program enrollment via the Tesla app. The new in-app experience makes joining utility programs frictionless for electricity customers in Massachusetts, Connecticut, and Rhode Island who enroll in ConnectedSolutions, EnergyHub's largest bring-your-own-battery demand response program. The program links batteries to create a virtual power plant (VPP) that can be used to curb peak demand for electricity and to provide additional grid services.

Tesla Powerwall owners who participate in the ConnectedSolutions program can earn for every kilowatt of benefit they provide to the grid—up to $1,500 per year depending on the size of the battery and the state where they live. Using the new in-app experience, customers can easily enroll in the program and see the entire event including how much energy they are providing, and understand how that results in earnings from their utility.

"This frictionless approach to enrollment is key to building battery storage resources at scale and bringing the benefits of VPPs to the grid," said Matt Johnson, VP Business Development at EnergyHub. "Many small actions add up to an impactful, positive result. It's essential that customers can easily see how they are helping the grid and getting rewarded for it, and the partnership with Tesla enables this level of visibility."

Once a customer is enrolled in the ConnectedSolutions program, their utility will call upon the VPP when the grid is stressed to reduce peak load during the demand response season, which runs from June to September. The program will dispatch batteries no more than 60 times for a maximum of three hours per event. Customers do not have to do anything in response to events. Tesla Powerwall will respond automatically to support the grid.

All EnergyHub utility clients are eligible for participation in the ConnectedSolutions program. Please visit ConnectedSolutions to learn more.

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