Virtual Peaker Launches Real-Time Smart Device Arbitrage for Utilities

Virtual Peaker Launches Real-Time Smart Device Arbitrage for Utilities

As part of its rapidly growing suite of utility solutions, Virtual Peaker has launched real-time arbitrage for residential smart devices as part of its Distributed Energy Resource Management (DERMS) offering. This approach to device control is the first of its kind among DERMS providers and complements the cloud-based real-time controller that already sets Virtual Peaker apart from its competitors.

“Our energy arbitrage module is a real game-changer,” says Bill Burke, CEO of Virtual Peaker. “This new approach gives utilities the ability to open up device control in a way that is going to change energy markets to benefit customers. It’s truly exciting.” 

Residential DR Programs Need Better Device Control

Residential DR Programs Need Better Device Control

Utility resident demand response (DR) programs have evolved in many ways over the years. Initially focused on Direct Load Controllers (DLC) that provide on/off switches and one-way communication, demand response programs have begun to increase in sophistication. Supported by the Internet-of-Things, utilities are rapidly discovering the operational and customer engagement benefits of bringing smart devices into DR platforms.

What continues to lag, however, is the control for these programs. Smart devices have gotten smarter, but the utility platforms supporting them have not.

In Energy, the Customer is King Once Again

In Energy, the Customer is King Once Again

The energy value chain has been in flux for decades, transitioning between integration, disintegration and back again. These fluctuations have been driven by a number of factors — changing commodity prices, a shifting regulatory environment and the impacts of new technology. But over the last several years, the customer is returning to the forefront. Once seen as an operational headache and lower margin than being upstream (i.e. — producing crude oil and generating electrons), retail markets are becoming crucial to the long-term success of energy giants across the energy landscape.

Seven Louisville-area companies that raised money in February

 From Louisville Business First

From Louisville Business First

Louisville-based Virtual Peaker Inc. makes a web-based platform through which utility companies can control internet-enabled appliances, such as window air conditioners, heat-pumps and thermostats. Its clients are utility companies, which use the platform to manage power demand during peak electricity usage periods. This is another company we recently met with to talk more about the idea. When I asked founder William Burke who was investing in his company, his response was something like: Very smart people.

Read more from our inclusion in Louisville Business First.