Swell Energy Launches Advanced Distributed Energy Resource Management System | Business
LOS ANGELES–(BUSINESS WIRE)–February 9, 2022–
Swell Energy Inc. (Swell), a smart grid and energy solutions provider, announced the deployment of GridAmp, its proprietary Distributed Energy Resource Management System (DERMS). The enhanced DERMS platform aggregates Distributed Energy Resources (DERs), including solar and battery storage devices, into Virtual Power Plants (VPPs) to deliver advanced grid capabilities to utilities.
GridAmp will monitor multiple grid utility operations with solar batteries behind the meter as part of Swell’s Home Battery Rewards program, an 80 megawatt distributed VPP under development on O’ahu, Maui and Hawai’i – under contract with Hawaiian Electric and approved by the Hawai’i Public Utilities Commission.
“Working with Power Partner grid service aggregators like Swell is a critical part of meeting Hawaiian Electric’s goal of reducing carbon emissions from power generation by 70% by 2030 and reaching zero. net carbon emissions from electricity generation by 2045 or earlier,” said Yoh Kawanami, Hawaiian Co-Chief Electrician of Customer Energy Resources.
Swell’s GridAmp software is designed to maximize revenue across multiple utility and customer value streams using optimization algorithms and machine learning models that inform and automate DER and VPP operations. GridAmp provides a differentiated ability to co-optimize or “stack” multiple grid services to support a variety of customer, utility, and wholesale market energy objectives.
The software supports interoperability and customization for various utility markets and DER integrations. GridAmp is designed to be inclusive across various technologies and manufacturers, expanding the scope of Swell’s VPP partnerships and geographies. The DERMS platform is integrated with Swell’s operations and customer-facing platforms to enable rapid turnkey deployment of DERs and improve participation in VPPs.
“GridAmp co-optimizes the VPP experience for end users and the utility, fundamentally improving customer value and participation in the generation, consumption and transaction of renewable electricity,” said Suleman Khan, CEO of Swell. . “Through our various technology partnerships and a comprehensive ‘VPP in a Box’ solution, Swell unites homeowners, businesses, industry partners and utilities behind the common goal of using VPPs to produce reliable power, cost-effective and flexible in a fair way. ”
Swell’s first GridAmp-enabled VPP in Hawai’i will simultaneously balance three distinct grid services, namely capacity boosting, capacity shrinking and fast frequency response, to help manage the energy supply of Hawaiian Electric by absorbing excess renewable energy from the grid during production peaks and dispatching power when needed, reducing peak demand and providing fast 24/7 frequency response to balance the three grids islanders.
Solar energy storage systems located in the homes and businesses of Hawaiian Electric customers will collectively and autonomously respond to customer demands and respond to dynamic grid needs. In return, Swell’s VPP customers receive GridRevenue™ and earn additional GridSavings by shifting their energy consumption throughout the day. These capabilities and services are available to utilities across the country. To learn more about GridAmp, visit www.swellenergy.com/utilities. To enroll in the Home Battery Rewards program in Hawaii, visit www.swellenergy.com/HI.
About Swell Energy
Swell Energy is creating a greater network for the greater good. Smart Grid and Energy Management Solutions Provider Accelerates Mass Adoption of Distributed Clean Energy Technologies by Empowering Consumers to Control Their Energy Use and Costs, Ensure Energy Security and Participate in the Grid transactive. Swell Energy offers homeowners and businesses financing and virtual power plant programs, while partnering with trusted local solar and solar+storage companies for seamless, high-quality installations. By creating a critical mass of dynamic and responsive clean energy resources in utility areas across the United States, Swell Energy also provides resilient virtual power plant networks and grid balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system. For more information, visit www.swellenergy.com and follow the company on Facebook, LinkedIn and Twitter.
About Hawaiian Electric
Founded in 1891, Hawaiian Electric serves 95% of Hawaii’s 1.4 million people on the islands of Oahu, Maui, Hawaii, Lanai and Molokai. Hawaiian Electric is committed to empowering its customers and communities by providing affordable, reliable, clean and sustainable energy. In 2021, 38% of the electricity used by Hawaiian Electric customers came from a diverse mix of renewable resources, including waste-to-energy, biomass, geothermal, hydro, wind, biofuels and solar, both utility and customer scale systems. To learn more, visit: www.hawaiianelectric.com.
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CONTACT: Kim Sykes
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA HAWAII
INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY TECHNOLOGIES UTILITIES SOFTWARE
SOURCE: Swell Energy Inc.
Copyright BusinessWire 2022.
PUBLISHED: 02/09/2022 11:00 AM / DISK: 02/09/2022 11:02 AM
Copyright BusinessWire 2022.