Greensmith Energy Secures Market Leader Position—Reaches 70 Megawatts of Energy Storage
Greensmith Energy, one of the largest providers of energy storage
software and turn-key solutions, announced 70 megawatts of energy
storage deployments – all powered by the company’s proven GEMS software
platform. While most of the capacity was integrated and installed by the
company over the past two years, Greensmith is also reporting growth in
software licensing as punctuated by the 53MWh software-as-a-service
contract awarded earlier this year by Deltro Energy. Greensmith is on
track to install over 100 megawatts of energy storage in 2016 after
announcing last December, an $18.3 million round of growth funding led
by American Electric Power and E.ON. Advanced, grid-scale systems
delivered to large power producers and utilities drove most of the
cumulative total, however, the company notes increased microgrid and
behind-the-meter business in locations such as Puerto Rico and San Diego
where the company deployed solar-integrated systems in 2015.
“While the industry focused on alternative battery chemistries,
Greensmith concentrated from day one on developing the most advanced
energy storage platform and software necessary to solve the largest,
most complex grid applications for energy storage,” said Greensmith
President & CEO John Jung. “The successful execution of this difficult
technology strategy has yielded five generations of our GEMS software
platform, brought significant growth to the company and delivered
compelling value to a growing number of customers and partners. From a
behind-the-meter, solar-integrated microgrid in Puerto Rico to
large-scale frequency regulation in PJM to utility grid reliability in
Southern California – Greensmith is gaining a reputation as the
technology partner of choice as the market grows.”
The diversity of over 40 deployments has allowed the company to advance
its industry-leading GEMS software platform to now offer seven different
stackable application modules for energy storage including frequency
regulation and response, microgrid, solar integration with ramp rate
control and grid reliability/deferral. The GEMS platform has also
successfully integrated fourteen different batteries and ten power
conversion systems, allowing customers to take advantage of leading-edge
componentry specified for each deployment – both today and in the
future. The company also reported process efficiencies resulting in the
recent completion of an 18MW system in under six months from start to
successful commissioning.
About Greensmith:
As the leading provider of energy storage software and integration
services, Greensmith's mission is to make energy storage a fundamental
part of a cleaner, intelligent and distributed energy infrastructure.
Now in its fifth generation, Greensmith's GEMS software platform
optimizes the performance of energy storage by lowering costs and
maximizing return on investment throughout the life of the system. Over
one-third of all energy storage capacity installed in the United States
is powered by the GEMS platform. In 2015, Greensmith was selected as the
fastest growing energy storage company by Inc 5000 and Deloitte Fast
500. GEMS is currently used by more than 30 major power firms globally
on both sides of the meter. Learn more at www.greensmithenergy.com.
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Copyright Business Wire 2016
Source: Business Wire
(March 31, 2016 - 4:06 PM EDT)
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