CPower Energy Management (“CPower”), a leading, national energy solutions provider, announced EnerWiseTM Site Optimization a new service powered by artificial intelligence that makes insight-driven decisions to enable Distributed Energy Resources’ (DERs) participation across on-bill savings and available grid services programs. The service optimizes and automates behind-the-meter assets, helping energy users achieve resiliency and ESG goals while supporting a clean energy future.
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With approximately $230 million in revenue to be paid to customers in 2021, CPower is building on its established record for driving demand-side solution monetization by helping its customers maximize the value of resources like back-up generation and energy storage. The company also has a legacy of helping energy users achieve resiliency and sustainability through demand-side solutions. With nearly 2,000 customers at over 11,000 sites across the U.S CPower has more than 4.5 GW of capacity under management, forming virtual power plants that are good for the grid and great for the community.
As energy storage and distributed generation adoption surges, it is becoming increasingly challenging for energy users to realize the latent value in these DER assets. EnerWise Site Optimization models a facility’s historical and real-time energy usage, as well as analyzes dynamics across the wholesale energy market, to create a customized hourly allocation schedule that maximizes the value of each energy asset. An omni-directional grid can be created by optimizing DERs through data-driven insights that learn from previous events to help model smarter performance over time, turning each energy user into a grid-balancing asset.
EnerWise Site Optimization displays a day-ahead schedule with estimated financial return customized for each site through the CPower App user interface, so that energy users understand how each DER is being allocated to available programs on an hourly basis, within the parameters of the hardware and any permitting or incentive structures. By learning from previous outcomes, EnerWise Site Optimization helps businesses achieve immediate and seasonal revenue streams, with early projects averaging a 54% increase in revenue through available grid services programs and on-bill savings.