AutoGrid and EPS have a partnership to install predictive analytics technology for energy storage systems. Applications include reduction of demand charges and participation in demand-response programs.
AutoGrid, a provider of Big Data analytics for the energy sector, and Electro Power Systems, a provider of hydrogen energy-storage systems, announced on Dec. 14 that they have partnered to create “Software-Defined Power Plants” that will use AutoGrid’s “Predictive Controls” analytics tool.
This technology will be offered to EPS customers who want to monitor and forecast their energy storage assets, CHP plants, solar, and demand response resources in real-time. AutoGrid says its software can analyze various sorts of real-time data, including from smart meters, building-management systems, voltage regulators, thermostats and other equipment.
The software, which uses predictive analytics and behavioral modeling, lets customers trade in the energy market, join utility demand response programs, and reduce their demand charges, which can account for as much as 70 percent of a total electricity bill for commercial and industrial consumers. AutoGrid says its technology can also can extend the life of an energy storage asset.
Nearly 600 EPS systems have been installed in over 13 countries around the world.
RTInsightsTake: While companies such as GE are targeting the industrial power plant sector with their “Digital Power Plant” technology, there’s clearly a market to manage backup power systems for commercial and industrial hosts and microgrids. The distributed generation market is driven by the falling costs to install technology such as solar power plants; improving market fundamentals for energy storage systems; and the explosion in applications such as smart thermostats and intelligent lighting.
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