AutoGrid Systems Named to Global Cleantech 100
REDWOOD SHORES, CA, Oct 10, 2013 (Marketwired via COMTEX) --
AutoGrid Systems, a leader in Big Data analytics for the
electricity and energy industry, has been selected for the
prestigious 2013 Global Cleantech 100 produced by Cleantech Group, a
global market intelligence and consulting firm helping executives
connect with innovation.
The company was also selected as a finalist for the Industry
Leadership Award for Grid Optimization for the Platts 2013 Global
Energy Awards. The awards will be announced on December 12, 2013.
"We are very pleased to be included in the Global Cleantech 100 and
as a finalist for the Platts Global Energy Awards," said Amit
Narayan, CEO and founder of AutoGrid. "Power producers, grid
operators, commercial enterprises and even residential consumers are
beginning to discover the power of Big Data and analytics. Providing
greater insight and control over power consumption will lead to a
more efficient and reliable grid, while reducing costs for everyone."
The Global Cleantech 100 highlights the promise of private clean
technology companies from around the world, focusing on those
companies most likely to make the most significant market impact over
the next five to ten years. 5,864 companies from 60 countries were
nominated this year.
AutoGrid's EDP analyzes multiple streams of structured and
unstructured data originating from smart meters, grid sensors, and
other energy management systems and combines this data with
physics-based models of transmission and distribution networks as
well as other sources of information such as weather feeds and
customer demographics to generate comprehensive, accurate forecasts
concerning power consumption and grid conditions.
Applications built on top of EDP then utilize these forward-looking
forecasts to dynamically reduce peak consumption, manage power
quality in the presence of intermittent renewable resources such as
solar and wind, curb power theft and other tasks. EDP applications
can supplement or even replace dedicated hardware systems which cost
substantially more to implement and operate.
EDP is based upon open standards and profile specifications such as
OpenADR 2.0b and SEP 2.0, enabling third parties to easily build
products and technology for EDP. EDP is compatible with hardware and
third-party software applications from over 100 vendors.
AutoGrid Demand Response Optimization and Management System (DROMS),
the first commercially released application built for EDP, can cut
the cost of implementing demand response programs by 90% while
increasing the "yield" by up to 30%. City of Palo Alto Utilities,
Oklahoma Gas & Electric and Austin Energy have already implemented
demand response programs based on DROMS.
AutoGrid is also collaborating with Schneider Electric, Silver Spring
Networks, NTT DATA, SAP Co-innovation Laboratory, the California
Energy Commission and Lawrence Berkeley National Laboratory on ways
to deploy EDP and EDP applications for improved industrial energy
management, smart homes and other functions.
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
software solutions that both help lower costs and improve reliability
of the electricity supply chain. AutoGrid's technology was awarded
the prestigious Department of Energy's Advanced Projects Research
Agency-Energy (ARPA-E) funding in 2012. For more, please see our
website or contact us.
For AutoGrid Systems:
SOURCE: AutoGrid Systems
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