Utilidata, Inc. announced a new project with American Electric Power (AEP) in Ohio that will help the utility company deliver additional energy savings to customers through Volt/VAR Optimization. As part of AEP Ohio's efforts to expand its use of smart grid technology, the company will deploy Utilidata's AdaptiVolt technology on portions of the electric system throughout Ohio, serving nearly 119,000 customers.
"This project builds upon our successful gridSMART demonstration project, which began in 2009, and will help our customers gain better control of energy use, save money, and reduce consumption," said Julie Sloat, AEP Ohio President and Chief Operating Officer. "This technology will provide real-time insights that allow us to improve both the quality and reliability of service for customers. We look forward to expanding this program and deploying the technology on additional circuits this year."
As part of gridSMART Phase 2, Utilidata will deploy its AdaptiVolt technology on 160 circuits and is expected to save AEP Ohio customers 235,390 megawatt hours annually - the equivalent of $210 million in overall bill savings over 15 years.
"Working with AEP, we have proven that our AdaptiVolt technology is best-in class for delivering energy savings and managing voltage reduction," said Josh Brumberger, Chief Commercial Officer for Utilidata. "Through this project and partnerships with other major utilities, we have found that our real-time data is the key to making actionable decisions about energy conservation, reliability, and security. This not only makes the electric grid smarter, it also benefits customers by reducing overall energy consumption."
Utilidata's AdaptiVolt technology leverages real-time information from the distribution grid to optimize the delivery of electric power. The technology helps to reduce losses and save energy as electricity travels from substations, through the electric distribution system, and ultimately to homes and businesses.
In addition to its work with AEP, Utilidata has partnered with major utilities across the country, including National Grid, Pacific Gas & Electric, Ameren Illinois, and Vectren.
Utilidata®, Inc., a global software company, backed by leading venture capital firms, provides utilities across North America and the world products that drive energy efficiency and grid security. The company's patented technology captures real-time, apparently random signals from the electric grid, that enable utilities to save energy and secure the grid. The company is headquartered in Providence, Rhode Island. For more information, please visit utilidata.com or follow @Utilidata on Twitter.