In a press statement, EIP said it will assist utilities to ensure grid reliability through increased adoption of distributed generation sources including energy storage, renewable generation and microgrids.
The investment firm announced that it will achieve its goal by increasing its investments in research, development and commercialisation of distributed generation technologies including in smart grid solution developed by Opus One Solutions.
The Canadian smart grid solutions provider Opus One Solutions is planning to use the EIP funding to expand its footprint in the global smart grid landscape.
The solutions firm will increase deployment and adoption of its technology ‘GridOS’ solution.
[quote] The Opus One solution helps utilities manage and monitor distributed generation resources in real-time. The solutions provider claims that its platform simplifies the process of integrating renewable energy sources with grid networks.
EIP said it hopes that the Opus One software will play a significant role in helping utilities reduce energy cost at the same time meet growing power demand due to rise in adoption of electric vehicles especially in North America.
Hans Kobler, CEO of EIP, commented: “Opus One can become a key building block in the software-driven intelligent grid…
“We look for emerging companies with real answers to today’s energy challenges — solutions that are ready to scale with the help of our utility partners,” added Kobler. [Fortis joins utility coalition to promote investment in smart grid].
Distributed generation standards
With calls for the utility industry to reduce carbon emissions through use of clean energy sources, various measures are being implemented to ensure utilities increase their adoption of distributed generation sources.
Last week, Underwriter Laboratories (UL) launched a new programme for testing and certification of advanced inverters used to connect distributed energy sources with grids.
The organisation said the programme aims to help utilities simplify integration of distributed generation sources onto the grid.
The initiative uses the organisation’s new standard UL1741 SA to test and certify the safety, smartness and reaction of inverters and various interconnected distributed generation equipment.
Jeff Smidt, vice president of the Energy and Power Technologies division at UL, commented: “Brownouts or blackouts have demonstrated the far-reaching impacts of utility grid instabilities.”
The new standard enables resources to stay online and adapt their output even when the grid is stable to ensure energy demand will not exceed the power available.
Image credit: www.opusonesolutions.com.