Tantalus Systems (TSX: GRID) Update interview with CEO Peter Londa - RICH TV LIVE

Tantalus Systems (TSX: GRID) Update interview with CEO Peter Londa - RICH TV LIVE - April 27, 2022 - #tantulassystems #grid #richtvlive #business #news #finance #education #ceo #interview #stocks #trading #money #investing #update #stockmarket #richtv

Tantalus Systems (TSX: GRID) ("Tantalus" or the "Company"), a smart grid technology company focused on helping build sustainable utilities, is pleased to announce the deployment of an industry-leading commercial microgrid project being delivered in partnership with Energy Toolbase ("ETB"), which provides a suite of project modeling, energy storage control and asset monitoring products for solar and storage microgrid deployments.

Tantalus, through its recent acquisition of DLC Systems d/b/a Congruitive ("Congruitive"), and ETB are jointly supporting the deployment of a microgrid that includes solar panels and battery storage to provide resiliency to the headquarters of a major construction company in Riverdale, California. Designed to address the broader global microgrid market, which is expected to grow by nearly 18% annually to US$26B by 2026, the combined solution will enable the construction company to manage demand charges, perform load shifting and take advantage of other economic optimizations while being connected to the electric distribution grid, as well as providing resiliency to maintain operations in the event the headquarters experiences a power outage from their local utility. During grid power outages, the microgrid will automatically reconfigure the solar and storage system into an islanded resource, delivering backup power to the building. As part of the deployment, ETB's energy management system, known as Acumen EMS™, is providing the intelligence layer to manage the economic optimization of the system. Through its Congruence.IQ™ ("C.IQ™") Microgrid Controller, Tantalus is delivering the necessary software and tools to manage the microgrid during grid outages.

"We are witnessing an increasing number of commercial enterprises build their own microgrids to become more resilient and mitigate exposure to power outages," said Scott D'Ambrosio, Vice President of Sales at Energy Toolbase. "Organizations not only need the support and expertise to help simplify these complex projects, but also the intelligent software required to safely operate and monetize these systems. By integrating the C.IQ capabilities from Tantalus, our partnership delivers a comprehensive system to maximize the return on investments being made in microgrids."

"As we witness an increasing number of power outages resulting from extreme weather events or aging grid infrastructure, businesses are taking matters into their own hands by deploying new technologies that are under their control, such as microgrids, to mitigate disruptions to their operations," said Peter Londa, President & CEO of Tantalus Systems. "By working alongside Energy Toolbase, we are delivering a unified solution that delivers continuous value not only during power outages but also while power from the grid is still available by helping businesses reduce peak demand charges and shifting their load profiles. As we witness an increasing number of microgrid installations, our comprehensive system with ETB will also provide the necessary tools to ensure local utilities can embrace these distributed energy resources as a means of improving their reliability and overall service to the communities they serve."

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