SOURCE: Power Analytics Corporation

Power Analytics Corporation

August 12, 2015 11:03 ET

Power Analytics Previews the World's First Transactional Energy Platform

EnergyNet™ Enables the Power Grid to Become a Real-Time Network and Marketplace

RALEIGH, NC--(Marketwired - August 12, 2015) - Power Analytics recently unveiled EnergyNet at the NY REV Summit. EnergyNet is a sophisticated software platform that facilitates real-time electric grid operations, near real-time financial settlements and an Internet-based energy marketplace for consumer engagement. It ensures that the electric grid operates as it is designed to operate, that every energy buyer and seller gets paid quickly and accurately and that all market participants have greater awareness of energy options and opportunities based on usage.

"EnergyNet is a smart integration platform that can potentially benefit many consumers in the New York market through the state's REV initiative," said Javier Barrios, Managing Partner at Good Energy, L.P. "EnergyNet also has considerable synergies with Good Energy's Community Aggregation model."

The NY REV Summit brought together regulators, utilities, thought leaders and technology providers to discuss the REV initiative, examine the development of distributed system platforms (DSPs) and the role of utilities as well as the practical development of microgrids and other emerging opportunities for third-party grid service providers. "Besides introducing EnergyNet to the audience, we were honored to take part in the discussions that are shaping the REV initiative and bringing innovative and reliable sources of power to the communities participating in NY Prize," said Kevin Meagher, Power Analytics' chief operating officer.

The company plans to demonstrate EnergyNet at the upcoming REV4NY Exchange in September in New York City. For more information or to arrange a demonstration of EnergyNet, visit www.PowerAnalytics.com/Energynet.

About Power Analytics
Embraced by the power industry for more than 30 years, Power Analytics' software is at the forefront of the electrical system planning and operation space for energy intensive, mission-critical facilities and microgrids, and currently protects more than $120 billion in customer assets. Power Analytics was recently acquired by Causam Energy, a leading developer of technologies and commercial applications that provide increased grid intelligence and optimization. Combining their innovative technologies, intellectual property and experienced management teams, the company plans to lead the way in solving power energy problems for the highly networked, next-generation energy grid. For more information, visit www.poweranalytics.com.

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