PulteGroup Electrifies Home Building with New SPAN Partnership

Rhea-AI Summary

PulteGroup partners with SPAN to enhance energy management in new homes, aiming for cost savings and grid efficiency. The collaboration focuses on providing high-quality energy solutions, exceeding building code requirements, and supporting all-electric homes.

Insights

Market Research Analyst

The partnership between PulteGroup and SPAN indicates a strategic move within the home construction industry to integrate advanced energy management systems (EMS) into new homes. This collaboration is a response to a growing market demand for energy-efficient and smart home features. As consumers become more environmentally conscious and seek to reduce energy costs, homebuilders like PulteGroup are adapting by incorporating solutions like SPAN's PowerUp technology.

From a market perspective, this partnership could enhance PulteGroup's competitive edge by differentiating their product offerings. The ability to construct energy-efficient homes without incurring higher costs can attract a segment of the market that prioritizes sustainability and long-term savings. Additionally, this move may influence other industry players to seek similar partnerships, further driving innovation and potentially leading to a new standard in home construction.

Financial Analyst

Financially, the adoption of SPAN's EMS by PulteGroup represents a potential cost-saving strategy that could improve their margin on each home sold. By reducing the expenses associated with utility service and electrical equipment, PulteGroup could see an increase in profit per unit. For investors, this could translate into improved financial performance and potentially higher stock valuations for PulteGroup.

Moreover, the emphasis on energy management and grid efficiency aligns with governmental incentives for green building practices, which could lead to tax advantages or subsidies. This strategic move positions PulteGroup favorably in terms of regulatory compliance and may offer financial benefits beyond immediate cost savings.

Sustainability Expert

From a sustainability standpoint, PulteGroup's initiative to incorporate SPAN's EMS into their building process is a significant step towards decarbonization. By creating homes that are more energy-efficient and grid-responsive, PulteGroup is contributing to a reduction in overall energy consumption and peak load demands. This not only benefits homeowners by lowering energy bills but also supports the broader goal of creating a more sustainable energy infrastructure.

The resilience of the electrical grid is crucial, especially in the face of increasing climate-related disruptions. Homes equipped with advanced EMS can play a role in stabilizing the grid during peak demand times, thus mitigating the risk of outages. PulteGroup's commitment to electrification in their builds is a proactive approach to addressing climate change and aligns with global sustainability targets.

Pulte utilizing SPAN products for a faster, more cost-effective building process while delighting future homebuyers with best-in-class home energy management functionality

SAN FRANCISCO--(BUSINESS WIRE)-- PulteGroup, the third-largest homebuilder in the US, has entered into a new partnership with SPAN to use its products as their preferred EMS solution for electric homes. The goal of this partnership is to provide homeowners with high-quality energy management features, exceed energy and building code requirements, and create electrical grid benefits through more efficient systems.

When constructing energy-efficient homes, builders usually face expensive utility service and electrical equipment requirements. However, with SPAN's industry-leading energy management functionality called PowerUp, builders can meet the additional electrical demands of all-electric homes without the costly household and grid investments required with non-SPAN products. This results in cost savings for both builders and homebuyers, while also supporting a more efficient and resilient grid, which is beneficial to all utility customers.

“We are excited to be partnering with SPAN and provide Pulte homebuyers with best-in-class energy management solutions,” said Kirk Hammersmith from PulteGroup. “The future of new home construction requires constant innovation toward energy efficiency and the SPAN products provide a solution to an increasingly complex and challenging aspect of new home construction. We are excited to consider SPAN as a part of our all-electric designs.”

PulteGroup, with a history of more than seven decades, understands the importance of sustainable business practices. They have made SPAN Panels an essential part of their build process in key communities. By doing so, PulteGroup is demonstrating their commitment to decarbonization and electrification in their builds. They are also providing their homebuyers with an exceptional experience. Ryan Marshall, the Chief Executive Officer of PulteGroup, said, “As a homebuilder, we strive to include state of the art technology and innovative solutions in our homes. Partnering with SPAN helps to provide solutions to efficiently achieve fully electrified homes in key communities.”

“The need for innovative solutions to solve the challenges presented in the energy transition are not retrofit problems alone. Homebuilders routinely face new and expensive infrastructure requirements when building new communities and SPAN products help solve some of the more challenging constraints. New Home construction is a category we are excited to support with SPAN products and we are thrilled to be partners with Pulte,” said Arch Rao, CEO of SPAN. “The newly expanded SPAN product line will provide Pulte homebuyers with best-in-class EV-charging, energy monitoring and insights designed to lower their energy bill.”

ABOUT SPAN

SPAN’s mission is to enable electrification for all—aiming to electrify 10 million U.S. homes by 2030. SPAN is developing products to remove barriers to electrification, providing an holistic approach to managing increasing demands on household energy with the belief that powering your home with clean energy should be a simple and delightful experience that is technology-forward and human-centered. For more information, go to span.io.

ABOUT PULTEGROUP

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams. For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com; divosta.com; jwhomes.com; and americanwesthomes.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240228493611/en/

Carly Bourne

press@span.io

423-443-0449

Source: SPAN

FAQ

What is the goal of PulteGroup's partnership with SPAN?

The goal is to use SPAN products as the preferred EMS solution for electric homes, providing high-quality energy management features, exceeding energy and building code requirements, and creating electrical grid benefits.

What industry-leading energy management functionality does SPAN offer?

SPAN offers PowerUp, which allows builders to meet additional electrical demands of all-electric homes without costly household and grid investments required with non-SPAN products.

How does partnering with SPAN benefit PulteGroup and homebuyers?

The partnership results in cost savings for both builders and homebuyers, supports a more efficient and resilient grid, and provides best-in-class energy management solutions to Pulte homebuyers.

What role do SPAN Panels play in PulteGroup's build process?

SPAN Panels are an essential part of PulteGroup's build process in key communities, demonstrating their commitment to decarbonization and electrification while providing an exceptional experience to homebuyers.

Who is the CEO of PulteGroup and what is his stance on the partnership with SPAN?

Ryan Marshall, the CEO of PulteGroup, emphasizes the importance of including state-of-the-art technology and innovative solutions in their homes and highlights the partnership with SPAN as a way to efficiently achieve fully electrified homes.