Resideo and BGE announce partnership to expand demand response program in Maryland



Partnership will balance the grid during peak demand and provide Save energy for customers Maryland

Scottsdale, Arizona, April 30, 2024 /PRNewswire/—— Rayside Technology (NYSE: NYSE: )a leading global provider of home comfort, energy management, security and safety solutions, and Baltimore Gas and Electric Company (BGE), the largest power and utility company Marylandtoday announced a new partnership to expand BGE’s Connected Rewards program to allow more customers to play an important role in proactively balancing the grid by reducing overall power demand during peak usage periods.

Every day, more than one million BGE customers use electricity to get them through the day. Sometimes, demand for electricity is unusually high, which can result in higher energy costs. Resideo and BGE will work together to predict, identify and proactively respond to peak demand events and optimize energy use while maintaining customer comfort.

“We know BGE is committed to maintaining grid reliability and avoiding service interruptions, and we are proud that the company has chosen Resideo “Managing the progress of the Connected Rewards program,” said Dave Oberholzer, general manager of Resideo Grid Services.Resideo BGE's long history, energy science expertise and partnerships with connected equipment manufacturers help improve grid reliability, increase efficiency and save costs for customers.

Program participants can register their smart thermostats and receive financial incentives for registering and maintaining registration.cooperative relationship with Resideo BGE will be provided with additional thermostats across the center Marylandachieving greater load distribution and reducing peak demand.

“BGE and Resideo Load management programs will continue to be developed to enable all BGE customers to contribute to ensuring central power reliability Maryland,” explain Devish Gupta, Director of Client Solutions at BGE. “We are grateful Resideo Having grid expertise to provide smart load management strategies will contribute to BGE's commitment to grid reliability and provide a comfortable and seamless customer experience while shifting energy loads.

Resideo's Used by nearly 300 utilities across the country, the decentralized energy management platform allows customers to register their smart devices with demand response and energy through a single interface across multiple connected solutions, such as smart thermostats, battery storage and water heaters. Efficiency planned. Resideo Leveraging the power of machine learning through proprietary algorithms and load shaping technology helps provide grid reliability, physical market hedging, efficiency improvements, and whole-home grid solutions.

“As legislation, tax incentives and energy targets continue to drive the development of electric vehicles and appliances, electricity use will continue to increase, making demand response programs more important than ever,” said Oberholzer. “As demand continues and needs continue to evolve in the future, we look forward to growing the program together with BGE.”

To learn more about participating in the Connected Rewards program, visit https://bge savings.com/connectedrewards/.

about Resideo
Resideo is a leading global manufacturer and developer of technology-driven products and components, providing critical comfort, energy management, and safety and security solutions to more than 150 million homes around the world. Resideo's Your trustworthy first alert ® The brand offers smoke alarms, carbon monoxide alarms, fire extinguishers, escape ladders and water leak detection solutions. The company's Honeywell (NASDAQ: ) home smart thermostats help balance indoor air quality and save energy, leveraging more than a century of proven expertise. Through ADI’s global distribution business, Resideo It is also a leading wholesale distributor of low voltage safety and life safety products for the commercial and residential markets.For more information Resideoplease visit FirstAlert.com, HoneywellHome.com or Resideo.com.

About Resideo Grid Services
Resideo Grid Services is a leader in the energy aggregation market, providing peak demand reduction, automated and behavioral energy efficiency, and time-of-use energy rate cost optimization program management to utilities and energy retailers. Resideo Manages or participates in nearly 300 U.S. utility demand management programs and is directly involved in four wholesale energy markets. For more information about Resideo Grid Services, visit Resideo.com/us/en/pro/energy-management.

About BGE
BGE is maryland The largest natural gas and electricity company, providing safe and reliable energy delivery to more than 1.3 million electricity customers and 700,000 natural gas customers in the central region Maryland.The company was founded in 1816 as the first natural gas utility in the United States and is still headquartered in baltimore city to this day. BGE is a subsidiary of Exelon Corporation (NASDAQ: ) (Nasdaq: EXC), a leading U.S. energy utility company.Get involved in the latest BGE stories bgenow.com and connect to BGE Facebook (NASDAQ: ), Twitter, Instagramand Youtube.

Empower Maryland The program is funded by charges on your energy bill. The EmPOWER program can help you reduce energy consumption and save money. To learn more about EmPOWER and how to get involved, visit BGESmartEnergy.com.

Connected Rewards „ is a service mark of Baltimore Gas and Electric Company. all rights reserved.

Media contact information:
Sarah Reckard | Head of Global Communications at Resideo
sarah.reckard@resideo.com





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