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Market Impact: 0.18

FranklinWH Energy Storage Systems Selected for Two New Texas Virtual Power Plant Programs

ETR
Energy Markets & PricesTechnology & InnovationConsumer Demand & Retail

Austin Energy and Entergy Texas selected FranklinWH’s residential energy management and storage system for new demand response programs that reward homeowners for supporting grid reliability. The announcement is a positive step for FranklinWH’s customer adoption, but with no disclosed financial terms it is unlikely to materially move markets.

Analysis

Austin Energy and Entergy Texas selected FranklinWH’s residential energy management and storage system for new demand response programs that reward homeowners for supporting grid reliability. The announcement is a positive step for FranklinWH’s customer adoption, but with no disclosed financial terms it is unlikely to materially move markets.

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Market Sentiment

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mildly positive

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