January 18, 2017 - 1:13 PM EST
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Utilidata to Deliver Energy Savings for Vectren Customers in Indiana

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.

For Utilidata, Inc.
Luke Partridge, 212-235-6224
[email protected]


Source: Business Wire (January 18, 2017 - 1:13 PM EST)

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