A new white paper from Enbala Power Networks says that energy storage system owners should look to leverage multiple applications such as peak demand management, demand response and self generation to not only enhance the value of the system itself but also improve the return on investment.
Vancouver-based Enbala Power Networks is going to play a key role in a US Department of Energy funded project. Led by General Electric Global Research, the US$3.9 million initiative aims to optimize distributed energy systems.
SimpTek Technologies has landed the capital it says it needs to expand in the North American market for energy management systems. Funding of more than $700,000 was led by the New Brunswick Innovation Foundation as well as several angel investors.
Company aims to provide electricity distributors added intelligence to better manage grid, integrate renewables, extend life of current assets
Many electric utilities have for years been adopting smart technology to optimize their distribution networks. Smart meters, sensors and software give them the ability to proactively deal the ebbs and flows of demand more efficiently than in the past. This has become further complicated, however, as an increasing amount of distributed energy resources gets connected.
Electric utilities need to realize that rooftop solar, energy storage storage, smart appliances and electric vehicles are going to change the way they interact with customers. Just as significantly, these distributed energy resources (DERs) represent the double opportunity of enhancing the customer relationship and making the grid more flexible and resilient.