The DERs under management include Combined Heat and Power (CHP) units, energy storage systems, smart solar inverters, HVAC systems, commercial building lighting systems, Electric Vehicle (EV) chargers, smart thermostats, water heaters, pool pumps and load control switches.
In addition to the significant growth in the amount of DERs under contract, AutoGrid deepened relationships with existing customers such as Florida Power & Light<https://youtu.be/2IqQaYQK8IE> and E.ON<https://youtu.be/SVA8ICtUe-o>, added sixteen new customers, including both regulated and deregulated energy companies, and saw over 100 percent year-over-year growth in annual recurring revenues. Over 85 percent of all new contracts signed in 2015 were Software as a Service (SaaS) contracts with multi-year recurring revenue streams.
AutoGrid expanded its presence in the European flexibility management market with Eneco’s successful deployment of the industry’s first Software-Defined Power Plantâ„¢<http://www.auto-grid.com/gallery/2895-2/>, which integrates flexibility from customer-owned CHP units in greenhouses, industrial demand response and other flexible DERs into a single, reliable resource. With this 100 megawatt dispatch-grade resource, Eneco can react in real-time to signals from wholesale electricity markets run by the Dutch Transmission System Operator (TSO), optimize a large portfolio of distributed generation assets and trade in these markets 24 hours a day, seven days a week, 365 days a year. In addition, AutoGrid extended its presence in the energy storage market with Electro Power System’s selection of AutoGrid’s Predictive Controlsâ„¢ technology<http://www.auto-grid.com/gallery/electro-power-systems-partners-with-autogrid-to-%E2%80%A8build-software-defined-power-plants-using-hydrogen-energy-storage-systems/> to build and operate Software-Defined Power Plants with EPS energy storage systems.
AutoGrid’s integrated suite of Energy Internet software applications enables service providers operating in increasingly competitive market environments to build next-generation renewable-friendly energy networks, seamlessly integrate and manage distributed energy resources, acquire, retain and dynamically engage with customers, enhance reliability of operations and reduce operating costs.
"We would like to thank all of our customers and partners who share our vision of a cleaner, more reliable and affordable global energy system," said Dr. Amit Narayan, CEO of AutoGrid. "Throughout history, humanity has equated energy with the consumption of natural resources. For the first time, software now gives us the opportunity to use data as a new source of energy. Data is not only clean and cheap, it is also the only resource that is growing."
