Tendril, an Energy Platform company, is partnering with Utility Integration Solutions, Inc. (UISOL), the leading provider of demand response management and automation systems, on a Price Response Demand demonstration project for PJM Interconnection. This project will show how Locational Marginal Price, paired with distributed intelligence, can drive automated residential Demand Response in the home. The project will also allow PJM to test the end-to-end integration of a near real-time Price Response Demand program, in order to better manage electricity demand. There are two fairly obvious benefits to utilities and other Demand Response providers. The first, by adjusting temperatures on thermostats by one or two degrees throughout the day, utilities can lower overall demand in their service area, which will ultimately result in cost savings for consumers. The second main benefit is that lower level consumption, could also lead to better integration of renewable energy into the grid, which will minimize utilities' need to purchase high-priced energy on the wholesale markets, which in turn, ends up putting savings back in consumers' pockets.
Additionally, a price-responsive demand program can provide significant environmental benefits, as well. By trying to conserve our energy, a price responsive demand program can help reduce consumer reliance on peaking combustion turbines and diesel energy generators, thus allowing for a cleaner environment.
I have heard a lot about young and successful entrepreneur coming from Australia and recently, there have been a talk about a guy called Paul Deuchar from Western Australia. He is a young and low profile CEO who runs Argon.
ReplyDeleteAbout the Robotics entrepreneur did you mean Paul Deuchar? He's very famous over here and especially in the industrial sector, if you plan business with him don't hesitate you found the right man
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