Gridco Systems emPower™ Solution Receives Fierce Innovation Award for Grid Volt/VAR Optimization (VVO) and Conservation Voltage Reduction (CVR) and “Best in Show” Honors
Woburn, Mass., October 28, 2014 – Gridco Systems, a leader in active grid infrastructure solutions, today announced that its emPower™ Solution has been honored by this year’s Fierce Innovation Awards: Energy Edition, for Grid/Volt/VAR Optimization and Conservation Voltage Reduction. Gridco Systems received top honors in the category of Transmission and Distribution technology, as well as an overall award of “Best in Show: Most Innovative.”
The Gridco Systems emPower™ Solution leverages modular power electronics, advanced control algorithms, distributed networking, and sophisticated power system analytics to control power in a distributed, dynamic and decoupled fashion, and is more cost-effective than business-as-usual alternatives such as transformer replacement or reconductoring. This active and intelligent power control allows utilities to more cost-effectively and reliably integrate distributed renewable generation, improve VVO initiatives for energy efficiency and peak demand management, provide enhanced power quality and improve overall system reliability.
“We’re grateful to FierceEnergy and the judges for recognizing our innovative technology,” said Naimish Patel, CEO of Gridco Systems. “Gridco Systems is committed to delivering reliable, efficient, cost-effective solutions that solve real problems on the distribution grid. Our solution enables distribution utilities to address the growing disparity between utility revenue and costs, unlocking a number of system-wide benefits with targeted capital investment.”
The Fierce Innovation Awards are organized by the publishers of FierceEnergy and FierceSmartGrid. This year’s winners were selected by a panel of judges drawn primarily from the utility industry, including representatives from Pacific Gas and Electric Company; San Diego Gas & Electric; Portland General Electric; CenterPoint Energy; Duke Energy; Florida Power & Light; and Commonwealth Edison. Judges evaluated submissions based on technology innovation, financial impact, market validation, ability to integrate into existing network environments, and end-user customer experience.
The Fierce Innovation Award: Energy Edition, marks the third honor that Gridco Systems has received this year, including being named to the Cleantech Group’s “Global Cleantech 100” list of companies. The Global Cleantech 100 represents the most innovative and promising ideas in cleantech. Featuring companies that are best positioned to solve tomorrow’s clean technology challenges, Global Cleantech 100 is a comprehensive list of private companies with the highest potential to make the most significant market impact. Earlier this year the company also received a “2014 Cool Vendor” designation from Gartner for Energy and Utilities.
About Gridco Systems
Gridco Systems is a leader in active grid infrastructure solutions, enabling utilities to more effectively integrate renewable energy, increase energy efficiency, manage peak capacity and improve reliability. The Gridco Systems emPower™ Solution combines power electronics, advanced controls and distributed networking to deliver the industry’s only end-to-end hardware and software platform purpose built to solve utilities’ current and emerging distribution challenges in a distributed, dynamic, and decoupled fashion. To learn more, please visit www.gridcosystems.com.
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About Gartner Cool Vendors
Gartner Cool Vendors in Energy and Utilities 2014, by Zarko Sumic, Earl Perkins, Randy Rhodes, Chet Geschickter, April 17, 2014.
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