Viridity Energy to Work with Con Edison on Smart Grid Project
Viridity Energy transforms large energy consumers into 24/7 virtual power plants through its VPower System, which increases energy efficiency, decreases energy costs and creates continuous revenue that enables the attainment of economic and sustainability goals. Viridity Energy submitted grant applications with several project partners in September and has already received smart grid stimulus funding as a project partner with PECO through a smart grid investment grant announced on October 27, 2009.
Viridity's VPower System provides customers with access to an advanced software platform that evaluates the customer's overall energy load and optimizes their energy usage on a 24/7 basis. The goal is to integrate and aggregate customers' load, storage and on-site generation resources into virtual generation that can be used as a reliable resource in the wholesale energy markets and on the grid. With the VPower System, building owners are able to continuously and automatically optimize their systems with the assistance of day-ahead schedules and real time re-optimization. VPower enhances economic value of building resources by increasing the amount of hours that the owner can achieve savings and revenues from the power markets.