in News Departments > Products & Technology
print the content item

Verisae Inc. and AREVA have teamed to provide a comprehensive suite of software and services that manages and automates a variety of electricity transactions across multiple independent system operator (ISO), regional transmission organization and utility territories.

The combined solution, called Virtual Grid Management, manages traditional electricity transactions, as well as automates demand and price response programs, bidding, meter data, customer-site automation and daily settlement of ISO, market participant and customer transactions.

Virtual Grid Management encompasses Verisae's behind-the-customer meter modules, such as meter data management and load controls, including measurement and verification, carbon management, rebate and incentives, and a host of related facility automation and end user applications.

Verisae's customer and meter data feed into AREVA's market solutions, including ISO interfaces, market bidding and settlement systems, as well as contract management, demand event management, scheduling, risk management, forecasting, optimization and more.

The Virtual Grid Management solution set is modular and can be utilized in concert with existing software and meter solutions or stand alone, depending on customer requirements, the companies note. Also, utilizing Verisae's platform, the solutions can be deployed in software as a service mode.

SOURCES: Verisae Inc., AREVA


Hybrid Energy Innovations 2015
Latest Top Stories

Duke Energy Commits $500M To Major Solar Expansion In N.C.

The utility company says the investment will help further diversify its portfolio, as well as increase solar power for its North Carolina customers by 60%.


Sensus Issues Refund To SaskPower After Smart Meter Woes

As SaskPower continues to swap out its Sensus units following several meter failures, the two companies have reached an agreement in order for the utility to recover costs.


The Smart Utility's Guide To Choosing A Smart Meter

Electricity providers across North America are taking on grid modernization. This article outlines the myriad factors a utility should consider in order to select the best-possible smart meter.


DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.

S&C Electric_id176
Hybrid Energy Innovations 2015
edf_id180
Future Energy_id187