Conservation voltage reduction pilot expected to deliver 3 – 5
percent energy savings
Utilidata, Inc. today announced a partnership with Vectren that will
help the utility company deliver energy savings to Indiana customers and
reduce the need to build additional generation resources. Vectren will
install Utilidata’s AdaptiVolt™ technology on parts of the electric
system in Evansville, Indiana, as part of a conservation voltage
reduction pilot program that will enable the utility to capture energy
savings from the electric grid without requiring any action from
customers.
“Vectren’s goal is to be a leader in customer conservation and energy
efficiency, and conservation voltage reduction is one of the strategies
to help us achieve that goal,” said Rina Harris, Manager of Energy
Efficiency and Financial Reporting. “The long-term objective of a
conservation voltage reduction program is that we will be able to
deliver energy savings to our customers and reduce or avoid the need to
build costly additional generation resources. As we looked for partners
in this project, Utilidata stood out as the industry leader, with proven
results.”
Utilidata’s patented AdaptiVolt™ technology leverages real-time
information from the distribution grid to optimize the delivery of
electric power and has been proven to help utility companies save 3 to 5
percent off their overall energy consumption, without any required
changes to consumer behavior. The technology helps to reduce losses and
save energy as electricity travels from generating plants, through the
transmission network, into substations, and ultimately to homes and
businesses.
“Real-time data is the key to helping utilities make actionable
decisions about energy conservation, reliability, and security,” said
Josh Brumberger, Utilidata’s Chief Commercial Officer. “Working with
Vectren, we expect to help save 2,587,255 kWh annually – the equivalent
of powering 362 homes every year. That’s real savings that are passed on
to Indiana customers. The technology also has added benefits that will
help Vectren monitor reliability and power quality, and resolve both
existing and potential problems on the system.”
Utilidata has partnered with major utilities across the country to
deliver energy savings, including working with AEP subsidiary Indiana
Michigan Power to deliver savings to Indiana residents.
About Utilidata:
Utilidata®, Inc. is a global software company that works with electric
utilities to enhance energy efficiency and grid security. The company’s
patented technology captures real-time data from the grid giving
utilities information needed to save energy, mitigate issues caused by
distributed energy resources, and better detect grid anomalies. With
major clients including American Electric Power, National Grid, and
Pacific Gas and Electric Company, Utilidata is backed by leading venture
capital firms and is expanding across North America and the Middle East.
The company has a world-class production, research and development
facility at its headquarters in Providence, RI. For more information,
please visit: utilidata.com or follow @Utilidata on Twitter.
About Vectren
Vectren Corporation (NYSE: VVC) is an energy holding company
headquartered in Evansville, Ind. Vectren’s energy delivery subsidiaries
provide gas and/or electricity to more than 1 million customers in
adjoining service territories that cover nearly two-thirds of Indiana
and about 20 percent of Ohio, primarily in the west- central area.
Vectren’s nonutility subsidiaries and affiliates currently offer
energy-related products and services to customers throughout the U.S.
These include infrastructure services and energy services. To learn more
about Vectren, visit www.vectren.com.
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Copyright Business Wire 2017
Source: Business Wire
(January 18, 2017 - 1:13 PM EST)
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