EnergyHub Acquires Packetized Energy to Extend High-Value Grid Service Capabilities
March 01 2022 - 9:00AM
Business Wire
EnergyHub adds Packetized Energy’s innovative advanced load
shaping and grid management capabilities to EnergyHub’s Mercury
DERMS and industry-leading DER ecosystem, enabling dynamic
management of virtual power plants.
EnergyHub, the industry-leading provider of distributed energy
resource (DER) management solutions (DERMS), announced today that
it acquired Packetized Energy, a leading developer of software
systems that enable flexible grid services from DERs and provide
utilities with deep insight into grid operations. As utilities set
aggressive carbon reduction goals and coordinate increasing numbers
of grid-edge devices within their systems, they require the
next-generation of tools to flexibly manage DERs. Adding Packetized
Energy’s technology to EnergyHub’s Mercury DERMS enables EnergyHub
to provide more sophisticated DER control to utilities and power
markets and to offer unprecedented visibility into distribution
network operations.
Packetized Energy’s Nimble® platform leverages state-of-the-art
algorithms to maximize grid service value from DERs while
simultaneously ensuring that customers get the energy they need,
when they need it. The platform incorporates fleet-level predictive
algorithms that enable load shaping in response to wholesale market
signals, carbon prices, renewable availability, or distribution
system needs. The Nimble platform also uses data from AMI,
SCADA/EMS, micro PMUs, and network models to enable automatic DER
response to rapidly changing grid conditions.
“There is a clear trend in DER management toward delivery of
grid services requiring more sophisticated load shapes and improved
grid integration,” said Seth Frader-Thompson, EnergyHub’s
President. “EnergyHub has an unmatched reputation for helping our
clients build and manage large virtual power plants, and the
acquisition of Packetized Energy accelerates our roadmap in managed
charging, multi-DER optimization, and integration with distribution
systems. We believe this combination will allow EnergyHub’s clients
to be prepared to meet the grid service challenges of
tomorrow.”
EnergyHub’s Mercury DERMS platform is the most widely deployed
grid-edge DERMS in the industry, with over 60 utilities and power
markets that aggregate and manage hundreds of thousands of
thermostats, electric vehicles, water heaters, energy storage
systems, inverters, and commercial & industrial sites as
virtual power plants.
Paul Hines, co-founder and CEO of Packetized Energy, joins
EnergyHub as Vice President, Power Systems. “Renewables play an
increasingly important role in our energy system, creating
challenges for the grid,” said Hines. “Packetized Energy’s unique
technology enables fleets of DERs to address these challenges by
reacting in real-time to rapidly changing grid and market
conditions. We’re excited to combine this technology suite with
EnergyHub’s extensive DER partner ecosystem and unsurpassed ability
to build and manage large fleets of DERs.”
Packetized Energy’s team of engineers, data scientists, and
client success professionals have joined EnergyHub’s team and will
continue to work out of offices in Burlington, Vermont.
EnergyHub is an independent subsidiary of Alarm.com (NASDAQ:
ALRM), the leading platform for the intelligently connected
property.
About EnergyHub
EnergyHub is the leading grid-edge DERMS provider. Utilities
rely on EnergyHub’s Mercury DERMS platform to manage all
distributed energy resources to serve grid and market objectives.
EnergyHub works with over 60 utilities nationwide to manage more
than 2,900 MW of flexible capacity. We empower utilities and their
customers to create a clean, distributed energy future. For more
information, visit www.energyhub.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220301005227/en/
Erica Schain Aspectus Group for EnergyHub 917-940-5633
erica.schain@aspectusgroup.com
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