MARRAKECH, MOROCCO and REDWOOD CITY, CA--(Marketwired - Nov 15, 2016) - AutoGrid Systems, the Energy Internet leader, today announced that is has been was named a winner in the systems category of the Energy Productivity Innovation Challenge (EPIC). A global initiative devised and delivered by Energy Unlocked (a hub for innovation in global energy systems) and ClimateWorks, the winners were recognized at a ceremony hosted by the World Business Council for Sustainable Development on November 15 at the Low Emissions Solutions Conference, taking place during the COP22 UN climate summit in Marrakech, Morocco.
Energy Unlocked's EPIC 2016 competition aims to discover and promote new market entrants who can help homes, industry and big business use less energy, at lower cost and with a lower carbon footprint. Advances in predictive analytics, real-time optimization, edge computing, fintech and battery storage are creating new demand-side flexibility and compelling opportunities to modernize the way the world produces, buys and consumes energy.
Winners in the five EPIC categories -- homes, buildings, mobility, systems and finance -- were selected by an international jury assessing their impact on productivity, global transferability and innovation. Partners of the EPIC initiative include the Climate Group's EP100 initiative, the Global Alliance for Energy Productivity and the Alliance to Save Energy.
Using Flexibility Management to Increase Energy Productivity
AutoGrid was recognized for its suite of flexibility management applications, AutoGrid Flex™, which enable utilities and energy service providers to use the Energy Internet to predict, optimize and control any networked distributed energy resource (DER) -- including Combined Heat and Power (CHP) units, demand response (DR) programs, distributed solar, industrial lighting systems, battery storage systems and smart thermostats -- in real time and at scale. By enabling them to maximize the energy productivity of these DERs, utilities and energy service providers can better balance supply and demand on an increasingly complex, multi-directional and renewable energy powered grid.
For example, with AutoGrid Flex, utilities and energy service providers can use DERs to account for the intermittency of renewable generation, allowing them to cost-effectively add more renewables into their energy system without impacting grid stability. In addition, AutoGrid Flex's advanced analytics and machine learning technologies deliver reliable, accurate, dispatch-grade demand response, making these programs more efficient while improving system reliability.
"The distributed energy world will require us to not just generate more power from renewable resources, but also use the Energy Internet to maximize the productivity of every energy asset we have if we want energy to be clean, cheap and reliable," said Dr. Amit Narayan, CEO of AutoGrid. "This recognition further validates our conviction that flexibility management is essential if utilities and energy service providers are to be successful in building renewable-friendly, flexible energy networks that maximize the productivity of any type of DER."
EPIC -- the Energy Productivity Innovation Challenge -- is a global initiative devised and delivered by Energy Unlocked with funding from ClimateWorks. Entries were invited from global technology companies and innovators between June and September 2016. A jury of clean energy pioneers and experts including -- ClimateWorks Foundation, Rocky Mountain Institute, International Energy Agency, World Green Buildings Council, Bloomberg New Energy Finance and the B Team -- announced 21 regional finalists on October 13, 2016 at the IEA's Innovation in Energy Efficiency event.
Partners of the EPIC initiative include the Climate Group's EP100 initiative, the Global Alliance for Energy Productivity, and the Alliance to Save Energy. Global media partners include: GreenBusiness Media and Bloomberg New Energy Finance. Please visit EPIC.energyunlocked.org for more information.
About AutoGrid Systems
AutoGrid builds software applications that enable a smarter Energy Internet. The company's suite of Energy Internet applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications are all built on the AutoGrid Energy Internet Platform (EIP), with patented Predictive Controls™ technology that leverages petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks.
The world's leading energy companies, including E.ON, Bonneville Power Administration, Florida Power & Light, Southern California Edison, Eneco, Portland General Electric, CPS Energy, New Hampshire Electric Cooperative, NextEra Energy and CLEAResult, are using AutoGrid's software to improve their operations, integrate renewables and drive deeper engagement with their customers. AutoGrid has been recognized with several prestigious industry awards including Greentech Media's Grid Edge Award 2016, Bloomberg New Energy Pioneer 2016, World Economic Forum Technology Pioneer 2015, Red Herring Top 100 North America 2015, Cleantech Global 100 for 2015 and 2014, and Industrial Innovation Company of the Year 2014 by the Cleantech Group.