On the distributed energy resource (DER) front, several solutions providers have taken advantage of REV Connect to develop partnership revenue models with IOUs. For example, Tangent Energy Solutions is working with REV Connect to create a partnership model in which New York utilities can leverage market-based aggregation and control over a portfolio of DERs to deliver value to the grid and their commercial and industrial customers. Another DER company with a virtual battery solution, Packetized Energy, is working with REV Connect to deploy the virtual battery solution with no initial cost to customers, where the benefits from grid services can be shared between […]
Tangent Energy Solutions Named a 2017 Grid Edge Award Winner
Annual Award from Greentech Media Highlights Electric Grid Innovators Kennett Square, PA – April 12, 2017 Tangent Energy Solutions, Inc. today announced that it has been named as a 2017 Grid Edge Award winner by Greentech Media. Each year, Greentech Media seeks to highlight the industry leaders paving the way toward tomorrow’s distributed energy system. The Grid Edge Award represents the top twenty companies or projects that showcase innovative products, introduce new business models to the electric sector, or otherwise present alternative ways of managing the electric grid that are more efficient and reliable. Tangent Energy […]
Tangent Energy Among Greentech Media 2017 Grid Edge Award Winners
The following provides an excerpt from the GTM article and their overview of Tangent Energy. A link to the full article is provided at the end of this excerpt. The 2017 Grid Edge Awards: Projects Defining the Future Integrated, Interactive Electric Grid Our annual awards for companies leading the distributed energy transition. by Jeff St. John April 07, 2017 For the past four years, Greentech Media has been giving its Grid Edge Awards to the leading companies and projects that incorporate distributed energy resources, energy-enabled customers, and other emerging trends that are upending the century-old concept of centralized, unidirectional electricity […]
Tangent Energy Posts a Strong Second Half by Closing $101M in DER Contracts Since July
$90M in Project Financing Closed in November Ensures a Fast Start in 2017 Kennett Square, PA – November 30, 2016 Tangent Energy Solutions, Inc. today announced that it closed Distributed Energy Resource (DER) project contracts totaling $101 million during the second half of 2016. Tangent also announced that in November it closed project financing agreements from Generate Capital and Constant Energy Capital totaling $90 million. DER projects closed in the second half of 2016 included a major solar installation and contracts for edgeGEN natural gas generators. edeGEN™ is a new offering that combines […]
Tangent and Cummins Launch a Joint Venture for Grid Edge-Enabled Generators
A big generator player taps a startup’s software to turn backup power units into distributed-energy-as-a-service. by Jeff St. John October 31, 2016 GTM Research has identified generator makers like General Electric, Cummins and Generac as key players the microgrid field. That makes sense, since they provide one of the cornerstone pieces of equipment for customer categories for which losing power isn’t an option, like data centers or hospitals. But to earn their keep during the vast majority of time the power isn’t out, these generators are increasingly being hooked up with communications technology and software to use them for demand-charge […]
Cummins and Tangent Energy Launch Pioneering Grid Edge Joint Venture
edgeGEN™ combines Cummins generators with Tangent DERMS technology for C&I energy users Kennett Square, PA and Columbus, IN – October 24, 2016 – Tangent Energy Solutions, Inc. and Cummins, Inc. (NYSE: CMI) today announced the formation of a joint venture named Tangent Generation Resources, LLC. The newly formed JV will market edgeGEN™, a line of natural gas generators equipped with Tangent AMP™, a Distributed Energy Resource Management System (DERMS). Tangent Generation Resources will sell through municipal utilities and energy retailers to help commercial and industrial (C&I) customers manage energy consumption on the grid while reducing their costs. Tangent Generation Resources is […]
Southern Company Goes Big Into Microgrids With $431M Acquisition of PowerSecure
A big payout for a quiet pioneer in behind-the-meter energy systems—and a big move into distributed energy for SoCo by Jeff St. John February 26, 2016 Selected article excepts follow. Read the full GTM article here. About the acquisition… Over the past 15 years, PowerSecure has quietly built what may be the country’s biggest fleet of microgrids. The Wake Forest, N.C.-based company controls some 1,500 megawatts — mostly backup generators, along with some cutting-edge solar-battery integrations — that help hospitals, data centers, grocery stores, food-processing plants and other big commercial-industrial customers ride through blackouts and shave peak power costs. Now […]
Security Sessions | Municipal Utility Takes Action to Offset Steep Price Increases in New England
by Dean Musser PE Municipal electric utilities in New England face significant energy cost increases in the coming years due to the retirement of older generation plants and the impact that shifts in the sourcing of generation will have on transmission patterns. Municipal utilities can mitigate the impact of these increases by reducing the amount of energy used across their service areas during targeted high-value periods, including critical peak hours. To accomplish this goal, municipal utilities must be able to do three things: Predict when high value hours will occur on the grid Motivate and empower large energy users […]
Braintree Electric Light Department and Pascoag Utility District Act to Reduce Peak Demand Cost Risk
ICAP and Transmission Costs Managed via ENE Tangent Peak Management ProgramEnergy New England, LLC (ENE), an energy cooperative of municipal electric utilities operating throughout New England, announced that several municipal utilities are implementing the ENE Tangent Peak Management Program to reduce capacity and transmission costs. Braintree Electric Light Department of Massachusetts and Pascoag Utility District of Rhode Island, both ENE customers, are now rolling out the program in preparation of capacity peaks this summer. The annual capacity load peak of 2015 defines the utility capacity cost in 2016‐2017. In addition, monthly transmission peaks affect the utility’s monthly transmission costs. Capacity […]
Electric Retailers Lament Obstacles
May 18, 2015 By Rich Heidorn Jr. GROTON, Conn. — Electric retailers have made progress in moving away from the cutthroat price competition that shaved margins, but restrictions on billing and metering and “organizational inertia” continue to be challenges, a panel told the New England Energy Conference and Exposition last week. Cullen Hay, general manager of Direct Energy’s residential operations in the Northeast and Midwest, said his company used acquisitions to grow in the past, as it joined other electric retailers in seeking price-conscious customers even as their costs went up. Power suppliers have fewer barriers to prevent customer attrition […]
