Powerconsumer Inc. is partnering with the NODES Initiative, based in Norway, and with Newmarket-Tay Power Distribution and Elexicon Energy, on a project to estimate the potential for local energy markets to deliver more affordable, reliable, resilient, and environmentally sustainable electricity systems.
With financial support from the Ontario Independent Electricity System Operator (IESO) Grid Innovation Fund, the project will simulate how distribution system operators of the future can integrate local energy resources to reduce costs to customers, improve the reliability and resilience of the distribution system, and lead to more sustainable outcomes in the communities they serve.
The project will integrate software platforms developed by Powerconsumer and NODES to model how electricity customers and local distribution companies can work together to plan and invest for more connected, more integrated, and more sustainable local energy systems.
Quotes
“Newmarket-Tay Power is looking forward to working with our partners to understand the evolution of a distributed energy grid. We believe that Local Distribution Companies will play an integral role in establishing viable local energy markets. This project will be a first step in understanding what that future may look like.” – Ysni Semsedini, President and CEO, Newmarket-Tay Power Distribution
“Jurisdictions around the world are looking at how to integrate distributed energy resources to create stronger, more sustainable electricity systems. Elexicon Energy is looking forward to working with our partners to identify exactly how local distribution companies and these energy resources can support this evolution and unlock the value these technologies can potentially provide to all stakeholders.” – Falguni Shah, Vice President Technology and Innovation, Elexicon Energy
“This project is about creating value from collaboration, working together to understand how local energy markets can help electricity distributors leverage local resources to meet customers’ needs.” – Adam White, Founder and CEO, Powerconsumer Inc.
“By harnessing the power of artificial intelligence, the availability of big data, and the collaboration of everyone involved, this project will provide insights on how a local energy market will reduce costs and increase benefits for customers and utilities in the future.” – Trevor Su, Co-Founder and Chief Technology Officer, Powerconsumer Inc.
