ADVANCING RENEWABLE GROWTH
GridPoint’s software provides the visibility, verification and prediction capabilities utilities require to embrace and increase the installation of distributed renewable generation. Benefits include:
Accelerated Renewable Deployment – Our software provides utilities with visibility into the localized and system-wide impact renewable energy generation has on the distribution system. Coupled with sophisticated prediction capabilities, utilities are able to implement higher net metering caps and support a significant growth in renewable generation.
Enhanced Predictability – Large scale renewable production is a new phenomenon, moving energy generation closer to localized demand in a form that is neither consistent nor predictable on a daily basis. Our advanced forecasting analytics provide utilities with reliable production predictions and an opportunity to plan for the additional power supply. With an integrated smart grid solution, GridPoint also provides the ability to use stored energy or electric vehicle load to firm and smooth renewable production, increasing its value.
Increased System Stability – The addition of small-scale generation in the distribution system affects power quality, equipment operation and system reliability. Forecasting and monitoring renewable energy production allows utilities to anticipate issues before they affect grid operations. With our suite of smart grid applications in place, utilities can easily respond to real-time conditions, reducing localized load and dispatching stored energy to ensure ongoing system stability.
Maximized Financial Return – Sophisticated monitoring and verification of renewable production streamlines the accurate tracking of Renewable Energy Credits (RECs). The GridPoint software also logs the information essential to customer incentive programs.
Improved Customer Satisfaction – Strong relationships with residential or commercial customers with solar or wind installations are valuable to utilities. Meaningful information on the performance of their renewable energy systems is easily provided through the consumer portal. Communicating the benefits of their efforts reinforces their engagement and encourages participation in other smart grid programs – from load management to smart charging electric vehicles.