Posted on Oct 28, 2015 in In the News
Distributed Energy Resources (DER) such as renewable generation, storage, flexible demand, and smart appliances are revolutionizing the electricity industry. Electric utilities are facing major upheavals on a number of fronts including deregulation and proliferation of Distributed Generation (DG) installations. Emerging technologies and evolving regulations are propelling utilities to deal with challenges such as load defection, renewable energy, and increasing expectations of reliability and security of supply. "CIOs are concerned about the risk of their critical systems being brought down by a major natural disaster, unexpected brown out or cyber-attack," begins Sunil Cherian, CEO, Spirae. "Electric utilities have to maintain a reliable and securely operated distribution system with large amounts of variable generation, storage, and adaptive loads," he adds. Based in Fort Collins, Colorado, Spirae is transforming the business model from one-way electricity delivery to omni directional energy services transactions between prosumers, service providers and markets. Read the rest of the article here.