Resideo Announces Sale of Grid Services Demand Response Business to EnergyHub
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EnergyHub's platform is trusted by more than 120 utilities, which collectively serve more than 55 million customers. The acquisition of Resideo Grid Services scales EnergyHub's ability to help utilities manage connected devices including thermostats, electric vehicles, and batteries from a single Edge Distributed Energy Resource Management System (DERMS), supporting reliable, affordable service for every utility customer.
The terms of the transaction were not disclosed. This divestiture has no material impact on Resideo's 2025 financial outlook that was provided on
Resideo intends to use the proceeds from the sale for general corporate purposes in accordance with its previously stated capital allocation priorities.
About Resideo
Resideo is a leading manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets. We are a leader in the home heating, ventilation, and air conditioning controls markets, smoke and carbon monoxide detection home safety and fire suppression products markets, and security products markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually. For more information about Resideo and our trusted, well-established brands including First Alert, Honeywell Home, BRK, Control4, and others, visit www.resideo.com.
About Resideo Grid Services
Resideo Grid Services is a leader in demand response aggregation and program management, helping utilities and energy retailers manage grid demand with precision and efficiency. Since 2012, our team has been providing innovative solutions to reduce peak demand, optimize load flexibility, and support utility programs nationwide. Resideo currently manages or participates in nearly 300 U.S. utility demand management programs and engages in six wholesale energy markets.
The Honeywell Home trademark is used under a long-term license from Honeywell International Inc. As such, Honeywell cannot validate or deny the claims made in this release.
About EnergyHub
EnergyHub is the leading grid-edge DERMS provider. Utilities rely on EnergyHub's DERMS platform to manage all distributed energy resources to serve grid and market objectives. EnergyHub works with over 120 utilities in
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SOURCE Resideo Technologies, Inc.
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