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SCOTTSDALE, Ariz.- Crossover Energy Partners (“Crossover”) today announced an exclusive relationship with KKR, one of the world’s leading investment firms.
Crossover Energy Partners’ mission is to support renewable energy initiatives and decarbonization goals for large energy users by designing cost-effective and innovative solutions tailored to their specific needs. Led by founders Tiago Sabino Dias, CEO, and Michael Grunow, president, the Crossover team consists of industry veterans who have contracted or developed over 10.5 GW of renewable energy and 11.7 GWh of energy storage products over the last three years. Its customers include utilities, municipalities, co-ops, community choice aggregations (CCAs), investor-owned utilities (IOUs), and large industrial entities.
The need for end-to-end energy transition solutions is growing, as evidenced by The New Energy Outlook, BloombergNEF’s annual analysis on the future of the energy economy. According to BNEF’s report, wind and solar are anticipated to account for 56% of global electricity generation by mid-century and, together with batteries, will take 80% of the $15.1 trillion invested in new power capacity over the next 30 years. This growth is fueled by the sharp decline of utility-scale lithium-ion battery costs, which are reported to drop 52% by 2040.
Working as the exclusive energy transition solutions partner for KKR, Crossover will oversee the origination, development, financing, construction and long-term operation of clean energy projects in collaboration with KKR’s infrastructure team. Leveraging Crossover’s expertise in utility-scale, energy storage, and custom energy solutions, the relationship will focus on the origination of structured Power Purchase Agreements (PPAs), Tolling Agreements, Build-Transfer Agreements (BTAs), as well as offtake optimization, contract structuring, and pursuing new opportunities in rapidly expanding segments such as EV fleets and hydrogen.
“Crossover is committed to designing solutions that meet or exceed our partners’ goals by providing dependable access to renewable energy at competitive prices,” said CEO Sabino Dias. “Our exclusive relationship with KKR will give us an unrivaled ability to execute on that commitment, creating customized energy transition solutions for our customers.”
“I’ve had the pleasure of working with Tiago, Mike, and the Crossover team for several years and time and again, they have proven their ability to execute on projects while consistently delivering value and certainty for energy customers,” said Benoit Allehaut, managing director on KKR’s infrastructure team. “Through this relationship, our investors will get added value from distinctive asset sourcing, customized PPAs, technical expertise in storage and renewable energy, deep operational engagement, and active stakeholder management.”
KKR has been an active investor in renewables investing over the last ten years, deploying more than $4.7 billion in renewable assets at a combined enterprise value exceeding $19.5 billion, with a power generation capacity of 12.5 GW. Over the past 12 months, KKR’s infrastructure team has made a number of investments behind this theme globally, including recent investments in Caruna, Finland’s largest electricity distribution company, NextEra Energy, the world’s largest generator of energy from the wind and sun, Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India, and First Gen, one of the Philippines’ largest independent power producers.
KKR first established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of more than 50 dedicated investment professionals. The firm currently oversees approximately $28 billion in infrastructure assets and has made over 40 infrastructure investments across a range of sub-sectors and geographies.
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About Crossover Energy Partners
Crossover Energy Partners supports renewable energy initiatives and decarbonization goals for utilities, municipalities, co-ops, community choice aggregations (CCAs), investor-owned utilities (IOUs), and large industrial entities by developing and executing innovative renewable solutions that exceed economic and sustainability objectives. Crossover Energy Partners works exclusively as the energy transition solutions partner for KKR, a leading global investment firm. As a team of industry experts, we assist KKR’s infrastructure team by bringing the expertise and management needed for the origination, development, construction, financing, and long-term operation of clean energy projects that include utility-scale solar, solar + storage, stand-alone storage, and wind projects. Visit www.crossoverpartners.com for more information or follow us on LinkedIn.
About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets, and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
Media Contacts
For Crossover Energy Partners:
Wendy Prabhu | Mercom Communications
T: +1 512 215 4452
crossover@mercomcapital.com
Register Today: https://www.bkd.com/public-sector-seminar
Public sector leaders across the country are facing regulatory changes, budgetary constraints, and other pressing challenges amid COVID-19. Join BKD National Public Sector Group and other industry leaders for this CPE-eligible event, where we’ll share insight on economic updates, ethics, and best practices for working in a remote/hybrid environment. Click the links below to register for your session(s).
2021 Virtual Public Sector Seminar: Economic Update: https://www.bkd.com/webinar/2021/08/2021-virtual-public-sector-seminar-economic-update
2021 Virtual Public Sector Seminar: How Much Are Your Ethics Worth?: https://www.bkd.com/webinar/2021/08/2021-virtual-public-sector-seminar-how-much-are-your-ethics-worth
2021 Virtual Public Sector Seminar: Tips for Leading in a Hybrid Work Environment: https://www.bkd.com/webinar/2021/08/2021-virtual-public-sector-seminar-tips-leading-hybrid-work-environment
Energy data holds intrinsic value. But the value of the data does not come automatically. First, the data needs to be accessed, analyzed, and processed; then ultimately, manipulated into something that makes sense. The effective system creates value when it converts data into an actionable decision. Today, utilities process millions of data points per day. Energy consumers want standardized, digital access to this data needed by various business applications and services to unlock data-driven critical insights. These data-driven insights help them to make better, more informed decisions and present them with opportunities to save costs in addition to other benefits.
Utilismart Corporation is a Canadian meter data management and utility analytics software company enabling digital utility transformation for more than two decades. The company strives to solve its customers' problems: the ones they have today and the ones that they will experience tomorrow. Utilismart achieves this by managing and processing large quantities of complex information by converting raw meter data into actionable decisions. As a leading utility data-management and analytics solutions provider, Utilismart inherently understands the value of standards-based energy data. In support of the industry's standardization and digital grid-modernization, Utilismart has joined the Green Button Alliance (GBA) to support its efforts to make energy data interoperable.
The Green Button Connect My Data (CMD) secure energy-data access and sharing method enables utilities to provide digital access to reliable, standards-based energy data while protecting customer privacy. It allows utility customers to authorize third-party apps and services to securely obtain their data and provide powerful insights into energy and water usage, enabling consumers to make informed energy-management decisions and save money.
The Green Button Alliance fosters the development, compliance, and widespread adoption of the Green Button solutions. The alliance members include utilities, governmental departments and agencies, solution providers, and affiliate organizations that collaborate to advance the Green Button initiative to enable consumers to access and share their energy, water, and natural gas usage data, with the goal of better managing their consumption. The GBA educates the market on the broad benefits of Green Button solutions, encourages standards-based application development, and administers the Green Button Testing and Certification Program to accelerate the delivery of standardized Green Button technologies to consumers.
"As more Canadian utilities provide customer usage data in the standardized Green Button format, the market for applications that help commercial, residential, industrial, and municipal users understand their resource consumption greatly expands," said Jeremy J. Roberts, Executive Director, Green Button Alliance. "The GBA is proud to welcome Utilismart as a Participating Member, and we applaud their vision and commitment to helping utilities make these data available to their customers."
By providing commercial, residential, industrial, and municipal users with access to their meter data, users can derive a host of benefits, including:
• Key Insights: Through interactive online dashboards, users can analyze daily, monthly and yearly usage data – providing them with actionable insights for saving energy and money.
• Increased Customer Participation: Home and building owners can control their energy consumption and become more active participants within the energy sector.
• Cost Savings: Users can quickly identify cost savings by changing consumer behaviour, utilizing renewable energy resources and battery storage, or switching rate plans based on their historical usage patterns.
• Energy Efficiency Programs: Property investors can pre-screen homes and buildings to determine the potential energy savings.
Utilismart's Vice President of Business Development and Innovation, Miro Karlicic, says, "Data-driven decisions are what fuels our business and product roadmaps. For years, our goal has been to provide these insights to utilities through solutions like SmartMAP, Energy Manager and Rate Analysis Manager. Now, by leveraging the Green Button energy data interchange standard, we will be able to go a step further in helping utilities provide their customers with the ability to take a deep dive into their consumption footprint: allowing consumers to make informed decisions about their energy and water usage through the use of a standardized ecosystem of Green Button compatible applications."
Utility customers can better understand and control their energy consumption behaviour and related costs thanks to data-driven decisions. Standards-enabled energy data fuels innovation and enables new energy efficiency possibilities and opportunities. The Green Button Alliance has already made considerable strides in giving consumers digital, secure access to energy data through the Green Button energy data interchange standard. "It is an honour to be part of this industry movement, contribute to the adoption of the standard, and we're certainly looking forward to what lies ahead and how we can further support our utility customers," concludes Karlicic.
Redefining Digital Customer Engagement
Atlanta, Oct. 5, 2021 – Apogee Interactive, Inc., a privately-held, Atlanta-based, leading provider of proactive customer engagement software for utilities, announced today that Frost and Sullivan has recognized the firm with the 2021 North American Technology Innovation Leadership Award for the North American Market. The prestigious award recognizes companies that shape the future of technology and its uses. Frost and Sullivan measures success by the degree to which a technology is leveraged and the successful introduction of high-tech solutions to answer customers’ most pressing needs, altering the industry or business landscape in the process.
Apogee’s energy analytics platform enriches electric utilities’ customer service capability by combining personal energy-use data with relevant, timely, actionable energy information. The solution automates communications and encourages self-service, thereby increasing utility operational efficiency and dramatically improving customer satisfaction scores. In addition, utilities are successfully educating customers, helping them increase self-service, reduce high bill calls, and build program participation.
This has been a year of distinguished recognition for the firm. In April, Guidehouse Insights’ Leaderboard on Home Energy Management (HEM) ranked Apogee among the top three performers in a field of fifteen. The report ranked Apogee highest among its peers in Technology, Production Strategy, Product Quality & Reliability, and Go-To-Market Strategy for their artificial intelligence (AI) powered, personalized, customer engagement platform. Then in August, Hometown Connections, the public power industry’s partner for vetting best-in-class vendors, honored Apogee as their Partner of the Year.
According to Susan Gilbert, Apogee’s CEO and co-founder, “We are proud to be recognized this year for our analytical excellence and cutting-edge innovation by so many industry leaders.” She adds, “Our key distinctive is the accuracy of our AI-powered algorithms that disaggregate customer’s bills then create personalized videos that not only educate, but also impress customers.”
The Frost and Sullivan report, 2021 Technology Innovation Leadership, further explains, “The ability to provide a comprehensive energy engagement solution that includes bill change explanations and predictions including renewable energy considerations gives Apogee a compelling advantage over its competitors.” The award, based on a 10-point methodology, shows Apogee outperforming its competitors with an overall score of 9.25.
To read the complete Frost and Sullivan report and learn how Apogee is shaping the future of energy analysis and utility customer engagement you can review the report here.
About Apogee
Apogee Interactive is a leading provider of customer engagement services for utilities, serving the energy industry since 1993. Apogee’s customer engagement platform helps utilities engage and inform customers, reduce costs, achieve behavioral energy efficiency, and increase customer satisfaction. Apogee’s solution enables personalized and relevant messaging through multiple channels, encourages self-service, and improves operational efficiencies through automation. Apogee’s loyal client base includes ConEd, Southern Company, NextEra Energy, American Electric Power, Tampa Electric, People’s Gas, CenterPoint, Xcel Energy, LADWP, and hundreds of other IOU, municipal, cooperative, and gas utilities. For more information visit, www.apogee.net or on LinkedIn.
GDS Associates, Inc. has added two California consultants to the team, ready to serve California and the surrounding West Coast area.
Formerly with the California ISO, Perry Servedio and Donald Tretheway have joined GDS. Mr. Servedio will serve as a Senior Project Consultant and Mr. Tretheway will fill the role of Managing Director. They bring specialized experience to join a talented team including: Kevin Mara, P.E., Executive Vice President; Garrett Cole, P.E., Principal; John Chiles, Principal; Howard Choy, Executive Consultant; Gary Saleba, Executive Consultant; Amber Gschwend, Managing Director; and Matt Smith, Senior Project Engineer.
The timing of this addition couldn’t be better to help valued California and West Coast clients tackle current industry issues such as CAISO and Western Energy Imbalance Market (EIM) Design (EDAM, Wheeling Priorities, Scarcity, Resource Adequacy) Battery Storage (Bid Optimization, O&M, Degradation, Configuration) Renewable Solar, Wind & Hydrogen Resource & Decarbonization Planning Interconnection, Powerflow Modeling & Transmission Queue Applications Portfolio Management & Clean Energy, "Zero Carbon" IRP Planning.
As a multi-service consulting and engineering firm, GDS offers clients multiple sources for assistance, ensuring complete, competent, and timely service. Our specialized staff of over 180 employees are located across 9 offices nationwide, with 4 full-time consultants in California and additional team members in our Washington office.
BURNABY, BC – November 2, 2021 – Smart grid technology leader Tantalus Systems (TSX: GRID) announced today that six members of its growing user community have subscribed to the TUNet® Grid Reliability Analytics (TGRA) solution in the first month since commercially launching these capabilities in September of this year. TGRA is a data analytics tool that leverages power quality data accessed through Tantalus’ advanced metering infrastructure (AMI) to help utilities identify failing assets deployed throughout an electric distribution grid that can lead to power outages or catastrophic fires.
The analytics solution detects anomalies in power quality data, such as loss of voltage at the premise, blink count, aggregate blink count, maximum voltage, minimum voltage, current readings and power factor, from the edge of a utility’s distribution grid. By accessing and analyzing such data from residences, commercial buildings and other end customers, TGRA enables utilities to identify symptoms of failing transformers, corroded meter sockets and splices, cracked insulators and other latent equipment problems that can lead to premature failure of critical assets that are required to reliably deliver power to homes and businesses. The ability to track the performance of the distribution grid enables these utilities to proactively manage system assets, prioritize upgrades and investments into the grid, allocate resources, reduce costs, mitigate fire risks and avoid outages resulting in an improvement to overall system performance.
“After relying on Tantalus’ AMI system for several years, we decided to work with their team to determine how our utility could more proactively manage our distribution grid based on the granular data we capture. Tantalus’ new analytics solution helps us quickly pinpoint power quality issues that are developing across our distribution grid that would otherwise not be visible to our operations team until becoming much more problematic,” remarked Sarah Clark, AMI Coordinator at Estes Park Power and Communications. “By leveraging our AMI data through this new analytics tool, Tantalus is helping our utility identify areas of vulnerability across our grid and correspondingly prioritize capital expenditures to improve the resiliency and reliability of the services we provide to our community.”
By leveraging TGRA, utilities are able to enhance customer relations and member satisfaction by using AMI data to proactively solve problems before underlying issues lead to sustained power outages.
“Our purpose is to help utilities transform their distribution grids into digital networks that are more resilient, reliable and efficient,” said Peter Londa, President & CEO of Tantalus Systems. “Launching our new analytics tool is a concrete example of how we are enabling utilities to go beyond the traditional notion of AMI systems by analyzing data captured by our devices to provide situational awareness and granular command and control of the assets utilities deploy to safely and reliably deliver power to their customers and members. We truly appreciate the opportunity to work alongside utilities such as Estes Park to deliver solutions that empower utilities to proactively make the necessary investments that improve the reliability and resiliency of the electric distribution grid.”
About Tantalus Systems (TSX: GRID)
Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity. All this gives our user community the flexibility they need to get the most value from existing infrastructure investments while planning for future requirements.
Forward-Looking Information:
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the adoption, functionality and effectiveness of TUNet Grid Reliability Analytics and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this new release is expressly qualified in its entirety by this cautionary statement.
Utilismart Corporation is pleased to announce the latest updates for their industry-leading MDM-driven utility analytics solution, SmartMAP. The new software release, scheduled for Q2 2022, will deliver robust data analytics to improve grid visibility. The new features will help utilities across North America advance their digital transformation journey.
Today's distribution utilities are faced with an ever-increasing mix of Distribution Energy Resources (DERs). In addition, new electrification trends bring significant loads such as Electrical Vehicles (EVs), which put pressure on ageing infrastructure and affect system resilience and reliability. With each new technology comes more data that can help improve system visibility and flexibility and support impact analysis studies. SmartMAP provides advanced system visibility and planning capabilities, allowing utilities to expand their distribution systems using augmented analytics.
Enhanced Grid Visibility
The latest SmartMAP update will provide the capability to detect the existence of EVs across the distribution system and analyze the impact they make on distribution system assets. A growing concern for many utilities is how to manage distribution transformers overloaded due to the increased adoption of DERs and EVs and how to minimize the cost and impact of premature asset failures. "SmartMAP provides distribution system visualization and data analytics required for proactive system and asset management," said VP of Business Development and Innovation, Miroslav Karlicic. "Utility engineers can now utilize data analytics, in near real-time, to assess the impact of their decisions and build better, flexible, 21st-century digital grids," adds Karlicic.
Grid visibility improves system reliability and extends the life of assets.
SmartMAP provides distribution utilities with grid analytics that help them mitigate against system failures that could lead to outages. SmartMAP's data analytics engine creates insights enabling distribution transformer loading and voltage visibility. The data-driven decisions enabled by SmartMAP increase the life of distribution transformers and reduce the likelihood of power outages and related costs. "Our motto at Utilismart is to turn data into decisions." SmartMAP converts data into decisions, enabling better and timely decisions," notes Karlicic.
SmartMAP is a powerful and cost-effective utility analytics solution. With its interactive dashboard, distribution utilities can gain essential insights from the grid to manage their day-to-day operations better and create operational efficiencies. To learn more about how you can reduce operating costs, improve system visibility, optimize grid performance, and increase operational efficiencies, visit: www.utilismartcorp.com.
________________________________________________________
Utilismart Corporation Media Related Inquiries
Inside Sales and Marketing Manager
Zoe van Niekerk
+1 226 927 2460
zniekerk@utilismartcorp.com
About Utilismart Corporation
Utilismart Corporation is a dynamic company with a portfolio of solutions that facilitates digital utility transformation. Its digital utility platform empowers 21st-century utilities to unlock smart grid technologies, enabling them to make real-time decisions, maximizing operational efficiencies, reliability, and flexibility of their services. It helps distribution utilities gain abilities and efficiencies in meter data management, process automation, outage management, engineering analysis, billing, asset management, customer engagement, grid visualization, rate analysis, and more. Utilismart prides itself on having an unequalled track record of successfully delivering data-enabled solutions for over 20 years. Utilismart is an industry leader, providing cloud-based Meter Data Management (MDM) solutions and data services to over 140 Utilities, Municipalities, Industrial, Commercial and Residential customers across Canada and United States. The company prides itself on being a solutions-driven team that acts as our customers' technical eyes and hands, combining a wealth of industry knowledge and cutting-edge technical experience to create software solutions that drive results. To learn how you can turn data into decisions, please visit www.utilismartcorp.com
COLUMBUS, Ohio – November 17, 2021 – ARCOS® is implementing its Software-as-a-Service ARCOS Callout® and Scheduling solution at the City of Ocala, Florida’s Ocala Electric Utility to improve the speed and accountability by which the central Florida utility calls out its line workers and apprentices for emergency restoration work after business hours. OEU wanted a system that would improve the transparency of callouts and provide forensic capability should grievances arise.
“This agenda item supports the [City of Ocala] Council’s strategic goal of operational excellence,” says Marvin Ayala, director of Ocala Electric Utility. “The ARCOS callout system will improve system reliability, customer satisfaction and transparency for both field employees and supervisors.”
Other software systems limit the number of simultaneous calls that managers and dispatchers can make. When a utility faces an emergency and must mobilize multiple crews at once, limits imposed by other systems create a bottleneck. ARCOS enables managers to call all the resources they need at once.
According to Ayala, before ARCOS, OEU relied on software that struggled to support the utility’s union rules for callout and could not launch callouts for more than two line workers at once. Compounding the challenges, says Ayala, was the fact that the other system could not generate reports to verify whether a line worker or apprentice had received a callout, failed to answer or was skipped.
By relying on an advanced algorithm, the ARCOS Callout and Scheduling system can mirror exactly any number of workplace agreements that electric utilities put in place with their workers. This enables the system to call out workers according to seniority, availability and match the appropriate level of skill required for any situation. With the ARCOS mobile application, OEU managers can launch a callout at any time and crews can view details about the call and accept or decline through the app, by phone or via text. The ARCOS callout platform also reports on any actions related to a callout, so managers and crews can retrace and analyze actions. This, in turn, ensures an equitable distribution of callouts for line workers and eliminates any grievances related to the way in which OEU launches a callout.
“With the ARCOS mobile application, supervisors can check the availability of resources to see who’s available and adjust on-call schedules,” adds Ayala. “With ARCOS, we can call multiple linemen and apprentices simultaneously, which helps with reliability and getting the lights back on.”
OEU is located 80 miles northwest of Orlando and serves approximately 54,000 customers.
About ARCOS LLC
ARCOS is a leader in delivering SaaS solutions for managing resources, ensuring accurate, compliant shift scheduling and automatic planning for all types of events. The ARCOS solution reports on the up-to-the-minute location and status of equipment and crews via mobile technology for utilities and other critical infrastructure like airlines, manufacturers and industrial facilities. The ARCOS resource management platform helps organizations save time and money, while improving customer satisfaction and the efficiency, safety and accuracy of operations. Learn about ARCOS resource management software at http://www.arcos-inc.com.
Tantalus provides mission-critical smart grid solutions to the public power and electric cooperative utility market segment across North America and the Caribbean Basin. The company’s dedication to this segment continues to yield growth and scale of its active user community—a community that includes more than 4 million endpoints capturing 30 billion consumption and power quality data points per year.
“Securing the 200th member of our user community is a tremendous milestone for our organization and the utilities that already rely on our team,” said Tantalus President & CEO Peter Londa. “Throughout our history, Tantalus centered its purpose on developing technology solutions in support of the public power and electric cooperative market segment by transforming existing distribution grids into digital networks capable of resolving an increasing number of challenges confronting the utility industry.”
As has been widely reported, utilities are under growing pressure to maintain operations despite disruptions from extreme weather, mandates to decarbonize and shifting consumer demand. Despite these disruptions, utilities are called upon daily to deliver safe, reliable and affordable services, all while relying on legacy distribution grids that are limited in their ability to withstand these challenges. By helping public power and electric cooperative utilities modernize their distribution grids and rise to these modern-day challenges, Tantalus has established a community of loyal customers through decades-long relationships.
“The one thing that stands out the most about Tantalus is how much they care about their customers. That makes a difference,” said Greg Williams, General Manager of Appalachian Electric Cooperative. “We were early adopters of smart grid to automate our metering infrastructure, and we continue to partner with Tantalus to enhance our system, expand our services and improve the lives of our members. Working with Tantalus is more than just a technology match—it’s a people match, too.”
Chris Cable, from Inland Power & Light, an electric cooperative based in Spokane, WA recognizes the importance of partnering with a smart grid provider that prioritizes the needs of his utility and the members it serves. “Our fundamental goals are built around our community, and Tantalus just fit that mold. They come in, they’re part of our community, they understand what we need. They’re a partner. We can sit down at a table and have a very honest conversation about things that are going great, things that may be not so great. They engage and they respond.”
There are nearly 3,000 public power and electric cooperatives in North America. The leadership team at Tantalus is focused on bringing even more of these utilities into its user community, and is building the momentum to do so through multiple initiatives going forward, including:
- The launch of TUNet® Grid Reliability Analytics, the company's first data-analytics solution, which is purpose-built for utilities. The analytics tool leverages data from Tantalus’ solutions to provide utilities with visibility into power quality issues that can lead to outages. The analytics tool can also alert utilities to the premature failure of assets deployed across the distribution grid to mitigate disruptions from storms or potential fire hazards.
- The introduction of the TRUSense™ Fiber Gateway, which is a next-generation Fiber-to-the-Home (FTTH) solution. Tantalus recently secured a nationwide sales channel partner to accelerate its adoption, enabling utilities to be better positioned to deliver incremental services and integrate distributed energy resources (DERs).
- A license agreement integrating Neptune’s R900® System water endpoint onto the Tantalus Utility Network (TUNet®). This agreement provides access to daily water consumption data and critical alarms from Neptune R900 devices, improving the efficiency and reliability of delivering water through a utility’s distribution system.
“We remain committed to this market and our user community, and we’re just getting started,” reflects Tantalus CEO Peter Londa. “It’s important for these utilities to have dedicated vendors that are willing to support them as long-term partners. Tantalus prides itself on delivering purpose-built solutions that not only meet their near-term needs but also provide a foundation for long-term innovation for generations to come.”
About Tantalus Systems Holding Inc. (TSX: GRID)
Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity. All this gives our user community the flexibility they need to get the most value from existing infrastructure investments while planning for future requirements.
Forward Looking Statements:
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the development, functionality, usefulness and effectiveness of Tantalus’ solutions and the adoption of those solutions by new and existing customers, and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement.
Contact Tantalus:
Jacquie Hudson
Marketing Communications Manager
613-552-4244 | jhudson@tantalus.com
Linda Armstrong
Investor Relations
647-456-9223 | larmstrong@tantalus.com
Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
Twitter: @TantalusCorp
Ft. Lauderdale, FL (May 25, 2022)—RealTerm Energy, a leader in providing energy-efficient turnkey LED street-lighting conversions for municipalities, and Ubicquia, a company dedicated to making intelligent street infrastructure that is easy to deploy and monitor, today announced they have completed 25 smart street lighting projects and are in the final stages of completing projects in 5 other cities across the United States and Canada. RealTerm Energy has also deployed other Ubicquia streetlight platforms for air quality monitoring, public WIFI and video analytics to enhance public safety.
These cities, concerned about their carbon footprint, have converted their streetlights to LED and implemented smart lighting controls. Over half the cities in North America have made the conversion to LED lights; but less than 10% have opted to add lighting controls. Lighting controls can deliver an additional ~20% in energy savings by enabling communities to implement remote dimming schedules. They also give cities real-time alerts that help them predict, prevent, and address challenges, thereby radically improving operational efficiency. According to research by Northeast Group, LED conversions with smart lighting controls typically result in a 60-80% reduction in energy usage, along with a corresponding reduction in carbon emissions.
"As the market evolves and municipalities begin to understand LED streetlight technology, we are seeing the adoption of smart controls at the beginning of the process," said Mike Coyle, Sales and Marketing Vice President at RealTerm Energy.
The cities are using the following platforms to deliver savings:
- UbiCell® Smart Streetlight Controller, which installs in minutes and is compatible with 360 million streetlights worldwide. The controllers allow communities to schedule and dim lights, enabling them to reduce power consumption, carbon emissions and cost.
- UbiSmart™ Air Quality Monitor Plus (AQM+), which gives cities a way to monitor particulate pollution and other air quality hazards. This platform can identify potential environmental risks, such as a forest fire or pollutants, which may be harmful to people’s health.
- UbiVu®, a cloud-based management tool that makes monitoring and operating cities’ intelligent street infrastructure easy and intuitive. Cities can use this to monitor energy usage data and air quality, as well as troubleshoot equipment and perform scheduling.
“By deploying next-generation smart lighting controls and air quality monitoring platforms in communities across the country, RealTerm Energy and Ubicquia are helping municipalities improve the environment and quality of life for their residents,” said Mark Carter, Vice President of Smart Solutions, RealTerm Energy. “We are proud to work with Ubicquia and community leaders to help cities and towns make significant, measurable cuts to their environmental impact, energy usage, and costs.”
“We are honored to be a valued smart city technology partner to RealTerm Energy,” said Ian Aaron, CEO of Ubicquia. “Mark and his team have a proven LED streetlight conversion program that saves their municipal customers money, energy and reduces greenhouse gas emission. Our easy to install and manage platforms, combined with RealTerm Energy’s expertise is making smart city services a reality to cities of all sizes.”
The Town of Ogunquit, Maine reported that by changing to LED streetlights, instead of paying Central Maine Power $75,000 annually, the cost to taxpayers will be less than $12,000. In addition to the cost savings, the environmental benefits through reduced energy usage is estimated to reduce the Town’s carbon footprint by 139 tons annually.
“We are very pleased that we have taken on the management of all our streetlights and completed the conversion of our cobraheads and decorative fixtures in the project with RealTerm. We're saving money through reduced operating costs and reducing greenhouse gas emissions, and as an extra perk, we received recognition and a grant award from NYSERDA for the accomplishment.” Marcy Denker, Sustainability Coordinator, Village of Nyack, NY.
“Pepperell is strongly committed to climate change issues and considered converting to LEDs as an opportunity to reduce energy consumption. We have also declared ourselves a Dark Sky friendly community and strive to eliminate unneeded nighttime lighting. This conversion reduces nighttime lighting and glare without compromising the public safety benefits of street lighting.” said Andrew MacLean, Town Administrator, Town of Pepperell, Massachusetts.
About Ubicquia
Ubicquia® started with a simple idea: we can use existing streetlights and utility poles to make communities smarter, safer and more connected. Since then, the company has helped municipalities, utilities and communication service providers control lighting costs; accelerate 5G deployments; extend public WiFi; deliver video security services; and protect against grid failures. Ubicquia’s products are compatible with more than 360 million streetlights and 500 million utility poles worldwide. We are dedicated to making technology that is easy to install and affordable.
About RealTerm Energy
Founded in 2013, we are North American leaders in LED & Smart Lighting Controls with over 350 successful projects across the U.S. and Canada. Our success is built on a stellar reputation for smooth and timely delivery, a price for performance beyond compare, and a customer-focused mentality offering quality, efficiency and professionalism every time. We also offer innovative and accessible Smart City and Smart Building solutions. Ask us about them.
Media Contact
Ubicquia@berlinrosen.com