Smart Grid Today May 15, 2013
Strategy includes storage, microgrids, critical softwareMay 15, 2013 Greensmith Energy Management Systems has achieved over 9 MWh in installed and contracted energy storage capacity with customers in the US , Canada , and Australia. The "battery agnostic" technology company has been riding the swell of excess battery supply from Lithium Ion battery manufacturers in the wake of weak EV demand. Battery manufacturers are excited to see a growing market in stationary energy storage. This stance enables Greensmith to keep pace with the rapidly changing battery marketplace as the best technologies and cost structures change. Greensmith combines battery cells with third-party inverters and its proprietary control system, consisting of a high-powered CPU in each battery unit connected to server-based software. This control software is Greensmith's core intellectual property, providing units with the intelligent dispatch algorithms to optimize a customer's utility bill, or fill in gaps of intermittent renewable energy generation. "Greensmith provides customization with the cost-structure of a standardized product. Our battery-agnosticism enables customers to use whichever batteries are best for their application, and our sophisticated software system leverages local data to tailor energy storage dispatch; both on-site and across a fleet of devices." - John Jung, Greensmith CEO Upcoming projects include several Community Energy Storage-sized systems of 100 kW / 200 kWh for distribution-level interconnection, and two MW-scale projects in California . The latter, MW-scale projects represent a ten-fold increase in power capacity as compared to their installations in 2011, and a quadrupling of the energy capacity the company installed in 2012. To date, Greensmith has managed to keep a lean staff of just ten full time employees by leveraging contract labor at critical junctures and utilizing a highly scalable business model focused on software and systems integration. However, the company anticipates significant growth over the next 24 months as project sizes continue to increase and the energy storage markets continue to expand in response to higher renewable penetration and favorable market regulations such as California AB2514 and FERC 755, "Pay for Performance." About Greensmith Energy Management Systems Greensmith systems control distributed energy storage and its many applications, including renewable integration, EV charging, and ancillary services. With over twenty systems installed since its inception in 2008, Greensmith is a rapidly growing leader in utility and end-user solutions. The core product offering in the Greensmith solution is its proprietary Battery Operating System which provides battery monitoring, protection, and controls for deployment in a range of applications. Greensmith distributed energy storage systems are modular and battery agnostic, enabling home-size to utility-size systems with multiple battery manufacturers. For more information, please visit: http://www.greensmithenergy.com.
NewStaar Media, March 25, 2013 By Ed Dixon Without question, one of the largest issues going into the 21st Century is energy. Energy demands of the world continue to grow while resources continue to shrink. As we look to alternative sources to power our lives, the storage and management of that energy becomes more and more critical. Leading the way in their industry, Greensmith Energy Management Systems, http://www.greensmith.us.com, has implemented a number of energy management solutions for utility companies and end users as well. At the core of its services is its proprietary Battery Operating System (BOS3), and control software, which provides battery monitoring, protection, and controls for deployment in a range of applications. Improvements in battery storage and management technologies allow for the storage of alternative energy, like wind and solar, making these sources of green energy viable solutions to the energy crisis. In one example of incorporation with ‘green’ alternative energy, three Greensmith installations combine smart EV charging stations and rooftop solar photovoltaic load following. The company’s solutions are configurable, modular, and scalable from residential and commercial installations, all the way up to utility scale deployments. As batteries continue to improve, the Greensmith solutions continue to work with them. This is because their technology is battery-agnostic allowing them to offer multiple battery options to its customers today, and new options in the future. According to the company, Greensmith is unique in its ability to design systems around applications, while its competitors approaches tend to develop capabilities around the functionality of one specific battery. The end result is effective solutions for its customers as well as a high level of flexibility, with solutions that typically rapidly install in a matter of hours. For utility companies, the efficient storage and management of energy more crucial than ever – both to keep energy cost low and to conserve the energy resources available. “Grid operators now understand that energy storage is more than just batteries and inverters. They realize that intelligent control systems and sophisticated software improve the performance of both new and existing grid assets. What’s more, maximizing the benefits of energy storage means having the technology to manage and optimize a distributed, data-rich network. Coupled with our battery-agnostic approach, these capabilities have led to our rapid growth and adoption thus far,” said John Jung, Greensmith CEO. Founded in 2008, today, the company provides distributed energy storage systems to fourteen customers, including eight electric utilities. Looking to the future, the company anticipates a continued increase in sales.
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