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Austin Energy and AutoGrid Systems Collaborate on Standards-Based Automated Demand Response to Usher in a New Era of Retail Choice for the Demand Response Market
PALO ALTO, CA, Feb 26, 2013 (MARKETWIRE via COMTEX) --
AutoGrid Systems, a leader in Big Data Analytics for the electricity
and energy industry, is proud to announce that it will collaborate
with Austin Energy, one of the nation's leading community owned
utilities, to deploy and enhance its Demand Response Optimization and
Management System (DROMS).
Under the initiative, Austin Energy will initially use DROMS to
monitor and manage peak power at selected residences and EVSEs
(electric vehicle supply equipment) in its service territory. As the
program expands, DROMS will allow Austin energy to obtain a unified
view of all demand side resources in its service territory across all
customer classes and load categories.
DROMS will interface with smart thermostats and home energy
management equipment from a variety of manufacturers that are
purchased by consumers at retail stores or online. This unique,
first-of-a-kind retail aggregation model allows unprecedented
technology choice for customers to help increase program adoption and
overall satisfaction.
AutoGrid's DROMS will also be employed to analyze data related to
consumer behavior, the impact of pricing signals, and the
effectiveness of different demand management strategies to help
Austin Energy optimize future demand management programs. In
addition, Austin Energy will be working with AutoGrid to design
demand side management programs that could lay the foundation for
ancillary services for grid balancing needs and better integration
with existing ERCOT market programs.
The deployment will be funded in partly by the Department of Energy's
Advanced Projects Research Agency-Energy (ARPA-E). Austin Energy will
additionally provide funding for further development and deployment
of this technology.
"We are very excited to work with Austin Energy, one of the true
visionaries in the electric utility industry. The utility has been at
the forefront of modernizing our electric system," said Dr. Amit
Narayan, founder and CEO of AutoGrid. "The results we achieve with
Austin Energy will create a blueprint for the rest of the nation on
implementing open, scalable and extensible demand side management
programs. By drastically reducing the cost and time involved in
implementing these programs, improving customer adoption and
satisfaction through more choice, and improving program yields
through sophisticated optimization technology, this project and will
help expand the overall market for demand side management."
Austin Energy is the nation's eighth largest community-owned electric
utility, serving more than 420,000 customers. The utility is a
recognized leader in renewable energy, smart grid technologies, and
energy efficiency initiatives as well as integrating these
technologies into commercial operations. It has set goals of getting
35 percent of its power from renewable resources by 2020 while
reducing emissions to 20 percent below 2005 levels.
AutoGrid's Energy Data Platform is dynamic, cloud-based system that
analyzes the complex interrelationships between power consumers and
assets connected to the grid. Similar to e-commerce engines or
algorithms for predicting weather, EDP mines petabytes of structured
and unstructured data from smart meters and other equipment along
with physics-based models to generate accurate, near-term forecasts
concerning power consumption, the impact of pricing signals, or the
effect of demand shifts on transmission and distribution lines. EDP
can also be used to integrate intermittent renewable resources like
solar or wind or replace spinning reserve services with
software-based controls.
DROMS is a cloud-based demand management system that employs Big Data
analytics, a physics-based model of the grid and information streams
from smart meters and other grid assets to accurately predict
electricity demand. The near-term forecasts permit utilities, grid
operators and large power consumers to securely shift power
consumption to meet financial or operational goals. Requiring no
additional hardware, DROMS, the first application based from the
Energy Data Platform, can cut the cost of demand response systems by
90 percent while increasing the "yield" of power from demand response
events by 30 percent.
DROMS provides:
-- A Unified View of All Available Resources Across All Programs. The
solution allows utilities and service providers to view available
capacity across all customer segments, load types, geographic
locations, and programs from a single dashboard. The system supports
all variations of traditional direct load control, critical peak
pricing, variable pricing, and peak-time rebate.
-- Real-Time Load Forecasting and Event Monitoring. Advanced machine
learning techniques generate highly accurate real-time predictions of
individual loads, response to load shed requests or price signals.
-- Comprehensive Networking and Communications. Supports communication
and dispatch to any device, over any channel of communication
including over AMI networks, broadband Internet and cellular.
-- Broad Ecosystem of DR Field Devices. Supports the widest ecosystem of
devices and all commonly used industry standards such as OpenADR 1.0
and 2.0, SEP 1.x, as well as a number of other proprietary and legacy
protocols.
-- 24x7x365 Optimization. Provides dispatch optimization across disparate
DR programs and systems, such as load control, time of use, and price
response, among others to improve the overall yield and effectiveness
of the programs.
-- Powerful Measurement, Verification, Analytics and Reporting. Provides
a large library of reports for accurately calculating and comparing
event and program performances across any customer or program
attributes by analyzing actual consumption data from the smart meters
immediately on completion of the event.
-- High Security, Reliability and Scalability. Customers gain the
benefits of enhanced security, reliability and privacy over public or
private cloud deployments. Using a highly scalable cloud-based
architecture, the system can support millions of connections and
petabytes of data.
About AutoGrid Systems
Founded in 2011, AutoGrid is dedicated to bringing the power of Big
Data, predictive analytics and Internet scale computational
techniques to the production and consumption of electricity. Serving
utilities of all sizes, grid operators, electricity retailers, ESCO
services companies, and end-users, AutoGrid develops and markets
services that both help lower costs and improve reliability of the
electricity supply chain. For more, please see our website or contact
us.
Contact
For AutoGrid Systems
Michael Kanellos
Vice President
Eastwick
Kanellos@eastwick.com
(415) 820-4176
SOURCE: AutoGrid Systems
mailto:Kanellos@eastwick.com
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