REDWOOD CITY, Calif.,
June 16, 2019 /PRNewswire/ --
AutoGrid, the leader in flexibility management software for the
energy industry, announced today its latest project in Japan, which will be the largest
storage-virtual power plant (VPP) in the world by asset volume. The
project anticipates adding more than 10,000 assets to the VPP
between 2020-2021, with rapid scaling in subsequent years.
Under the partnership, AutoGrid will supply Japanese energy
services and trading company ENERES Co., Ltd. with VPP and customer
engagement software to aggregate, dispatch and market energy from
demand response (DR) and distributed energy resources (DERs).
The partnership will enable ENERES to combine DR resources into
large enough blocks of energy to sell into capacity markets. The
first phase of the project begins later this year and will result
in a large, dispatchable DR portfolio.
A second phase will enable ENERES to deploy a full-scale VPP to
aggregate behind-the-meter DERs, including solar photovoltaic
panels, energy storage systems, combined heat and power (CHP)
units, and electric vehicle batteries, along with DR. Using the
AutoGrid Flex™ platform, ENERES will pool DERs from its customers
into a dispatchable virtual resource to participate in Japanese
wholesale energy and capacity markets.
"As solar and storage costs continue to decline and new capacity
markets open, DER and DR resources are becoming a key component of
our daily operations," said Masahiro
Kobayashi, President & Representative Director of
ENERES. "AutoGrid Flex gives us a proven, AI-driven comprehensive
distributed energy management solution that allows us to fully
leverage our own DER and DR resources and those of our customers in
real time."
AutoGrid will supply a custom-branded, cloud-based software
solution that will allow ENERES to manage all aspects of the VPP,
including program configuration, customer enrollment, monitoring
and forecasting, event dispatch, event notifications, and
measurement and verification (M&V). ENERES will use the
AutoGrid Flex™ platform for AI-driven DER management, and it will
use AutoGrid Engage™ to support customer marketing, signup and
participation.
"Japan is in the midst of a
massive market transformation that requires much greater supplies
of flexible energy," said Dr. Amit
Narayan, Chief Executive Officer of AutoGrid. "We're excited
to team with ENERES to provide a scalable platform to meet this
critical challenge."
The AutoGrid-ENERES agreement reflects AutoGrid's strategic
intent to scale its presence in Japan and other international markets.
Japan's energy market reforms
continue to drive substantial changes in regulation. In March of
this year, feed-in tariff (FiT) for Japan's commercial and industrial solar
segment was cut by 22%, with the expectation that the residential
sector will follow suit after the 2020 review. AutoGrid's activity
in Japan has increased as the new
energy market's generation targets have driven rapid adoption of
storage and as the industry races to integrate more renewable and
storage into the mix to achieve 2030 goals.
About ENERES:
ENERES was established in December 2004 as a founding business for supply
and demand management of new power. In December 2018, ENERES became a subsidiary of KDDI
Corporation and is an affiliate of Power Development Co., Ltd.
ENERES will develop an "Energy as a Service" model that optimizes
power for corporate power users, utilizing AI-driven management of
distributed energy resources, including weather driven demand and
power forecasting. www.eneres.co.jp
About AutoGrid:
AutoGrid builds software applications
that enable a smarter distributed energy world. The company's suite
of flexibility management applications allows energy companies to
deliver clean, affordable and reliable energy by managing networked
distributed energy resources (DERs) in real time and at scale.
AutoGrid has contracted more than 5,000 megawatts of DERs and works
with more than 50 leading energy companies around the world,
including CLP Holdings, Total SA, National Grid, CPS Energy,
NextEra Energy, Schneider Electric and Xcel Energy.
Media Contacts:
ENERES Public Relations Department
pr@eneres.co.jp
Rich Miller for AutoGrid
rich.miller@auto-grid.com
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SOURCE AutoGrid