VPower™ from Viridity
VPower™ is an advanced software and hardware solution that combines individual and/or multiple organizations’ distributed resources, energy storage systems and controllable load, and schedules them optimally in order to achieve maximum economic value while meeting each organization’s environmental objectives.
Within an electricity market, those resources appear to the power grid operator as a single, information-driven virtual generator that can be dispatched in the markets for capacity, day-ahead and real-time energy, and ancillary services. Thus, a VPower™ driven solution enables organizations not only to reduce their electricity costs through increased awareness and better efficiency, but also to contribute to improved reliability of the overall grid – a contribution that the grid operator values, and pays the customer accordingly. The functionalities and capabilities of the VPower™ system mirror the capabilities of an energy management system that is used to forecast and control generation of complex and integrated power systems, such as the grid itself.
VPower™ normally resides on a hosted server rather than at the customer’s site, and is deployed through a software-as-a-service model. VPower™ communicates with clients' resources through the client’s building management system, energy management system, or SCADA, via XML interface or other open protocols.
Through VPower™, our customers have a platform to not only see and understand energy pricing in the power market, but to make informed decisions based on price and take automated actions to take advantage of those opportunities. Viridity also integrates multiple energy resources, not just load, to give our customers a true smart energy management tool.
About Our Products:
Energy Monitoring and Analytics:
Viridity’s VPower™ system includes an Energy Monitoring and Analytics dashboard, which distills a wealth of energy data into simple, straightforward visuals. These insights pull back the curtain from the complexity of the grid, giving customers actionable information to make informed decisions about their energy usage.
Through our VPower™ software, our customers have insight into their energy usage as well as a customized view to their specific products, which can be accessed from any internet connection as well as through mobile devices.
- Energy Dashboard: With your customized dashboard, you will have quick view of information across all categories. You’ll see information on current consumption, peak and usage summaries, and an overview of performance corresponding to whatever other programs you sign up for.
- Energy Monitoring: Through our Energy Monitoring portal, our clients are able to track real-time generation and load from their utility meter on a five minute or less interval.
- Energy Trends: Clients can also examine trends in their usage, providing significant insight into their operational demand—and cost—of energy.
When energy costs hurt profits, customers want solutions that cut those costs. However, energy strategies must not conflict with the client’s core business goals. Viridity’s Demand Management product empowers clients to strike their own optimal balance to lower their energy spend while preserving fidelity to their business needs. This product suite provides customers with the ability to proactively plan to strategically manage demand to dramatically reduce energy costs. Products include:
- Annual Peak Demand Management: In much of the U.S., a major portion of a customer’s electricity bill is based on the customer’s electricity use over just a few key hours—known as the peak load of the electric grid. High consumption in those few hours can inflate the bill substantially for the entire year – but a customer who reduces consumption in those same hours can achieve large savings that continue for an entire year. Viridity’s VPower™ system enables those savings by identifying those key hours in advance, alerting the customer to the year-long savings available, and preparing the customer to make the necessary short-term reduction in consumption. The VPower™ model predicts the key hours, based on as grid-wide electric loads, weather data, historical grid information, and other variables, and produces a predictive model that provides our customers with a seven day forecast identifying likely peak days. This model is presented in an easily digestible user interface that provides our customers with all of the information necessary to make an informed decision about when to take actions to reduce electric demand during these advantageous hours. Annual Peak Management will be available to all customers in PJM. Customers in ERCOT can also subscribe to a similar service aimed at identifying the four critical peak days—also known as 4CP—during ERCOT’s coincident peak during June, July, August and September.
- Distribution Demand Management: Viridity’s Distribution Demand Management product allows clients to be aware of and better avoid their monthly peaks that set their distribution charges. About one-third of a typical customer’s electric bill consists of charges related to the utility’s costs of operating, maintaining, and improving the electric distribution system that serves most end-use customers. A large portion of those charges is based on the customer’s peak demand during a month. By tracking real-time utility meter data and comparing it to a pre-established threshold, VPower™ alerts the customer as load rises to this threshold. Customers can see their results as they take action (or as Viridity takes action on their behalf).
- Resource Scheduling Optimization: Viridity offers clients with multiple generation options to optimize their resource scheduling to lower operational and supply costs. Through our Network Operations Center, we offer our customers the opportunity to automate their demand management strategies. Through this service, we model your operational constraints and business needs, and agree to your customized energy strategy. When it is time to implement that strategy, Viridity can handle all of the details by remotely controlling your energy approved energy strategy.
Through our Network Operations Center, we offer our customers the opportunity to automate any of their demand management strategies.
DR and Energy Markets:
Wholesale electricity markets, administered by regional grid operators, enable the customer to monetize its ability to manage its load, by selling services traded in the markets. Each customer’s ability to earn revenues from the wholesale markets depends on the assets the customer can use for that purpose, the willingness to do so, and market conditions. Achieving that potential depends on a service provider's market expertise and technology, which together identify the best use of the customer's assets to participate in the markets, preserve fidelity with the customer's operational constraints, and use automation to minimize any burden on facility staff. Through VPower™ and our Network Operations Center, Viridity provides our customers with the ability to access wholesale and utility programs in PJM, ERCOT, and NYISO.
Our demand response and energy market services include capacity, energy, reserves, and regulation.
- To sell capacity, the customer commits to reduce its load at times chosen by the grid operator, typically for a matter of hours when emergency conditions exist on the grid. The compensation that the customer earns for providing this service is generally fixed months or a few years in advance, provided that the customer provides the full amount of the committed reduction. These programs are often referred to as traditional demand response, and while beneficial, only represent the first step in a comprehensive approach to lowering net energy cost.
- A customer can sell energy by reducing its load at times of its own choosing. The price of energy in the market is constantly fluctuating. The customer offers to sell a certain amount of energy, at a certain price, during a certain hour (or block of hours); if the market price is at least as high as the price specified by the customer, then the offer is accepted and the customer is paid the market price for providing the promised amount of energy.
- A customer can sell reserves, by committing to provide energy for a brief period on relatively short notice by the grid operator.
- A customer with assets that can quickly and accurately change the amount of energy they consume or produce (for example, a battery, or equipment with variable frequency drives) can sell regulation. This service provides the fine tuning necessary for the grid operator to keep the frequency on the grid stable.