Latest PLMA Member News | The Voice of Load Management Professionals

If you would like to submit an item to include on this News page, email it, along with a short description, to [email protected]. Items (if approved for inclusion) received by the 10th of the month will be included in the current month’s update. Items received after the 10th will be included in the following month’s update.

 

GridX Closes $12M Series B Funding Led by Energy Impact Partners

GridX

GridX accelerates growth to deliver Business Operations Support solutions that help utility industry transition to clean energy

MILPITAS, Calif., May 25, 2021 – GridX, Inc., a leading provider of cloud-based business operations support solutions to utilities and energy suppliers, today announced that it has closed its Series B funding in the amount of US $12 million led by Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future. This financing accelerates the company’s product roadmap and drives market adoption.

“GridX helps utilities and energy suppliers to transition to – and thrive in – a decarbonized and decentralized energy future,” said Matt Bisgyer, Vice President at Energy Impact Partners. “Our investment in GridX is a testament to the team’s unique vision and exceptional capabilities, and we’re confident this company is poised for rapid growth as it empowers the smooth integration of renewable energy into the daily lives of millions.”

Through its Business Operations Support (BOS) Cloud suite, GridX delivers turnkey applications that enable its clients to:

  • Develop new products, programs and business models that support their clean energy goals, including community solar, time-of-use rates and real-time pricing
  • Understand the impacts of new offerings on revenue and customers’ bills
  • Revamp traditional billing and meter-to-cash processes to quickly operationalize new offerings
  • Effectively target customers to facilitate broader adoption of new offerings and energy programs
  • Help their customers understand the financial implications of their energy use and deliver personalized advice on energy-saving opportunities and clean energy investments.

CLICK HERE to read the full press release.

 

CPower Accelerates Distributed Energy Resource Innovation with New Executive Hire

CPower

National Energy Solutions Provider to Extend Technology Vision with Industry Veteran, Mike Ratliff

BALTIMORE – May 25, 2021 -- CPower Energy Management (“CPower”), a leading, national energy solutions provider, today announced the appointment of Mike Ratliff as Vice President – Utility Solutions. In this newly created role, Mr. Ratliff is responsible for developing CPower’s technology roadmap to help utilities drive grid modernization and reliability, and will bolster the company’s existing technical capabilities, which includes Silicon Valley, Baltimore and Portland-based development teams.

“As technology advances, we will be able to enable and optimize across more programs with greater flexibility, engage an ever-expanding list of DER solutions, and ultimately create more value for our customers while maintaining the dependability the grid needs,” said John Horton, president and CEO, CPower. “Mike’s solid track record will prove invaluable as we break new ground with our customers, and we are thrilled to leverage his expertise as we guide the industry towards a clean and dependable energy future.”

"Having architected and integrated technology platforms at-scale across the utility industry, I am thrilled to leverage innovation to help CPower extend its market leadership in the DER space,” said Mr. Ratliff. “The company already has unmatched experience and a data-rich understanding of its customer base at more than 11,000 sites to inform our strategy, and I look forward to building on this foundation.”

An accomplished technologist with more than three decades of experience, Mr. Ratliff has developed distributed energy resource (DER) platforms across the utility and energy industry. Prior to joining CPower, Mr. Ratliff was the CTO for Enbala and for Comverge. He holds a bachelor’s in mathematics from Purdue University.

For more information, visit: cpowerenergymanagement.com/distributed-energy-resources/.

 

Swell Energy Offers Innovative Battery Deal to 8,000 Customers in Southern California

Swell

Innovative utility planning and Swell's Virtual Power Plants enable homeowners in southern California to receive a discounted second home battery and ongoing GridRevenue payments


LOS ANGELES--Swell Energy Inc., an advanced energy and grid solutions provider, today announced new opportunities for Southern California Edison (SCE) customers enrolling in its two clean energy virtual power plant (VPP) programs further incentivizing the transition to renewable and reliable power sources. The VPP programs are available to SCE customers in various Orange County, Ventura County and Santa Barbara County neighborhoods who are interested in installing solar powered home batteries, and joining Swell's neighborhood Virtual Power Plants. Swell offers customers home batteries for a low fixed monthly payment and a second home battery at a reduced price when choosing Swell financing and joining Swell's VPP program. With this opportunity, customers and their communities can achieve greater resiliency and benefits from onsite backup power, and help the grid by reducing demand for electricity at key times.

VPPs offer a compelling way for homeowners, business owners and utilities to collectively meet today’s shifting energy needs by unlocking the potential of solar energy stored in an onsite battery. Owners can draw down stored energy when electricity is most expensive and reserve solar energy in case of a power outage. Participants in Swell’s southern California VPP programs further benefit by earning GridRevenue when consuming their stored energy in the evenings, providing much needed relief to the grid during peak times. By using a battery when the utility values it most, homeowners can arbitrage both retail and wholesale energy rates and achieve an accelerated payback on their energy system. Adding a second battery to the system further increases participation levels in the VPP and opportunities for GridRevenue, while simultaneously expanding power security on site. Swell's VPP program began operating earlier this year and is ramping up over the following year, providing immediate value to homeowners, small businesses and the grid.

“In SCE’s service area, our VPPs shift solar power consumption to peak demand periods en masse. By doing so, these programs provide the savings and energy security homeowners and businesses want, while increasing the local grid’s flexibility and resilience,” said Suleman Khan, CEO of Swell Energy. “Swell VPPs ensure homeowners receive the maximum value from their home battery, and that utility VPP sponsors and adopters benefit from a large fleet of strategically placed batteries. Our ongoing energy programs with SCE are great models for the future of our electric grid in general.”

CLICK HERE to read the full press release.

 

Smart Energy Consumer Collaborative Job Opportunity - Deputy Director

SECC Logo


Smart Energy Consumer Collaborative is seeking a Deputy Director. Reporting to and partnering with the President and CEO, the Deputy Director will spearhead development and membership efforts as the Smart Energy Consumer Collaborative continues to grow. The Deputy Director will write grant proposals, assist with research and education projects, promote industry awareness of the organization, build relationships with members and partner organizations, present research at industry events, lead membership development, perform account executive functions, including membership development and retention, and pursue sponsorships of events and research projects.

Key Functions

MEMBERSHIP

  • Recruit new members.
  • Ensure retention and new member income goals are met.
  • Manage the organization’s Customer Relationship Management (CRM) system and keep membership information current.

PROGRAM DELIVERY

  • Participate on and guide the Research, Education and Membership Committees to ensure that SECC delivers on its goals.
  • Assist with the education component of the SECC’s mission to ensure resources are developed to educate consumers on the benefits of smart energy technology.
  • Assist with the publication of consumer research to extend stakeholder understanding of consumers’ values and attitudes and awareness of smart energy technology and grid modernization.

PLAN AND IMPLEMENT FUND DEVELOPMENT ACTIVITIES

  • Collaborate with the President and CEO to create a fund development plan that increases revenues to support the strategic direction of the organization.
  • Pursue grant opportunities, including identification of foundation opportunities, writing proposals, executing proposal submissions and managing grant reporting requirements.
  • Monitor industry trends and adapt fundraising strategies as necessary and evaluate all fundraising activities to ensure that the fundraising goals are being achieved. Coordinate and secure in-kind donations.

PROMOTE THE ORGANIZATION

  • Work with the Communications Director to develop and implement a comprehensive communications plan to maximize awareness of the organization among members and other industry stakeholders.
  • Coordinate the design, printing and distribution of marketing and communication materials for development efforts.
  • Build relationships with community stakeholders to advance the mission and fundraising goals of the organization.

CLICK HERE to read more or apply.

 

Tantalus Graduates to the Toronto Stock Exchange

Tantalus


Burnaby, BC – May 10, 2021 –– Smart grid technology leader Tantalus Systems (TSX: GRID) is pleased to announce that it has received final approval for the listing of its common shares on the Toronto Stock Exchange (the “TSX”).

Tantalus’ shares will commence trading on the TSX at the opening on Monday, May 10, 2021 and will continue to trade under the Company’s current stock ticker symbol, “GRID”. To ensure continued and seamless trading for its shareholders and in connection with the graduation to the TSX, Tantalus’ shares will be delisted from the TSX Venture Exchange at the commencement of trading on the TSX.

“Our graduation to the TSX marks another key milestone in achieving Tantalus’ purpose, which is to help build sustainable utilities of the future,” said Peter Londa, President & CEO of Tantalus. “Since joining the TSXV earlier this year, our team has been working diligently to meet the more stringent reporting requirements of the TSX and today’s transition reflects the culmination of our team’s effort. As we seek to further strengthen our organization to help utilities prepare for the decarbonization of the power industry, we anticipate enhancing our liquidity, raising our Company’s profile in the capital markets and gaining access to a broader investor base by successfully migrating to the TSX.”

CLICK HERE to read the full press release.

 
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