SOURCE: Greensmith

Greensmith

March 10, 2015 07:00 ET

Greensmith Delivers Over One-Third of All U.S. Energy Storage Deployments in 2014

Greensmith Software Platform Manages Grid-Scale Energy Storage Systems

EMERYVILLE, CA--(Marketwired - Mar 10, 2015) - Greensmith, the leading provider of grid-scale energy storage software and solutions, today announced that over one-third of all energy storage capacity installed in the U.S. in 2014 was delivered by Greensmith and is managed using the company's fourth generation software platform.

The result is based on the inaugural U.S. Energy Storage Monitor from GTM Research and Energy Storage Association (ESA), which reports that 61.9 megawatts of energy storage came online in the U.S. in 2014. Greensmith's advanced software platform was used to integrate grid-scale and behind-the-meter energy storage systems, five in total, including the single largest battery-based power system deployed globally in 2014, providing 24x7 frequency regulation services.

GEMS4, Greensmith's latest software platform, was used to integrate and manage all five energy storage systems, totaling 23 megawatts. The platform also integrated four new battery technologies including lithium-ion, flow and aqueous-ion -- bringing the company's total to twelve battery types integrated since inception.

"We are pleased with yet another key milestone for the company, as the U.S. Energy Storage Monitor report confirms the significant growth taking place in the energy storage market -- so the timing couldn't be better," said John Jung, CEO of Greensmith. "And a growing number of power producers, developers and utilities are relying on Greensmith to meet their energy storage technology needs, as reflected in our sales pipeline which currently exceeds 500 megawatts. There is no substitute for a track record of success when it comes to deploying any grid-scale technology so our customers value our experience delivering 45 systems across the country as well as internationally. It's gratifying to see that Greensmith is becoming a strategic partner of choice for the design, integration, and software control of advanced energy storage."

The GEMS software platform manages the complete life cycle of energy storage systems. The technology-agnostic platform integrates all storage system components including batteries and inverters, manages storage assets to optimize battery performance, and provides connectivity with utility SCADA systems. GEMS offers modules for various applications such as frequency regulation, ramp rate control, and renewables smoothing. In its fourth generation of development over six years, GEMS offers advanced algorithms, such as string balancing and loss mitigation, improving battery performance per dollar spent. For more information on GEMS, visit http://www.greensmithenergy.com.

About Greensmith:
Greensmith's mission is to make energy storage a fundamental component of a cleaner, more resilient energy infrastructure. In development since 2008, Greensmith's intelligent and flexible GEMS software is an advanced platform for the management of grid-scale energy storage systems. GEMS integrates and optimizes the performance of a grid-scale energy storage system's batteries, inverters and other hardware, lowering costs and improving the system's return on investment. Greensmith's GEMS energy storage software platform is currently used by 20 customers for multiple applications in over a dozen sites across the U.S.

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