Constellation and GridBeyond are collaborating to use GridBeyond’s artificial intelligence-powered predictive analytics platform to help business customers in the PJM Interconnection cut costs by reducing energy use during peak periods, the companies said on July 31.
"Beyond the cost savings, DR also helps solve an urgent problem for grid operators and power generation owners: how to meet rising demand for reliable energy at a time when, outside of a handful of peak hours, the grid is vastly under-utilized. At scale, this new offering could help significantly reduce strain on the grid when energy supply is tight, lowering costs for all energy consumers and reducing the need to build new, expensive and unnecessary generation facilities," they said.
GridBeyond’s AI platform provides a digital twin model of a customer’s site that enables it to virtually model scenarios that can deliver real-time energy optimization and help customers save money by participating in the economic rewards of grid-balancing services.
"This collaboration can also help lower customers’ energy costs and relieves pressure on the grid during the critical few hours per year when electricity use peaks and costs significantly spike," Constellation and GridBeyond said.
This new AI-powered program "will add new DR resources in PJM by offering business customers an unprecedented opportunity to cut energy costs and unlock new revenue streams, helping market operators maintain system reliability," they added.
Unlike traditional DR tools, GridBeyond’s platform integrates predictive analytics and advanced metering capabilities, allowing customers to use real-time grid data and automated systems to control which of their operations to curtail to maximize DR revenues and cost savings while minimizing disruption to overall operations, a news release from the companies said.
GridBeyond "also brings the ability to isolate loads at a sub-meter level, which gives customers detailed information about the energy use of each system or piece of equipment in their operations," they said.
