SMART GRIDS
Market responds to smart grid technology demand Recent market activity points to renewed focus on smart grid investments .
Arcus Power Corp . recently announced Series A funding of CA $ 11mn , led by Longbow Capital .
Arcus applies domain expertise to augment AI models for dynamic energy and emission cost management . Over the past five years , it has modelled Canada ' s deregulated electricity markets , establishing a track record of accuracy and communicating its insights through software to a diverse range of customers . “ This investment enables Arcus to expand Canadian services and leverage our machine-learned model software for growth in the US ,” said Dan Erhardt , Founder and CEO at Arcus Power .
Utilidata , a grid edge software company , is launching an advisory board with NVIDIA to guide the development and deployment of grid edge software solutions , including its recently announced smart grid chip .
The advisory board will bring together executives from utility companies and leaders in clean energy and electric transportation . Founding members include American Electric Power ( AEP ), Duquesne Light Company , Holy Cross Energy , PPL , Silicon Valley Clean Energy , and Sunrun , while conversations are underway with other interested organisations .
" The electric grid is the backbone of our economy and we are placing increasing demands upon it as we work to electrify everything and combat climate change ," said Josh Brumberger , Utilidata CEO .
" The grid needs and deserves the world ' s best technologies , and the adoption of business models and regulatory processes that accelerate the pace of change .
energydigital . com 83