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Last updated on April 19, 2014 at 6:57 EDT

Verisae and AREVA Team to Offer Virtual Grid Management Solutions to Electricity Market Participants

April 1, 2009

MINNEAPOLIS, April 1 /PRNewswire/ — Today Verisae and AREVA announced that they have teamed to provide a comprehensive suite of software and services that manages and automates a variety of electricity transactions across multiple ISO, RTO and utility territories. The combined solution, called Virtual Grid Management, manages traditional electricity transactions, as well as automates demand and price response programs, bidding, meter data, customer site automation and daily settlement of ISO, market participant and customer transactions.

Virtual Grid Management encompasses Verisae’s behind the customer meter modules, such as meter data management and load controls, including measurement and verification, carbon management, rebate and incentives, and a host of related facility automation and end user applications. Verisae’s customer and meter data feed into AREVA’s market solutions, including ISO interfaces, market bidding and settlement systems, as well as contract management, demand event management, scheduling, risk management, forecasting, optimization and more.

According to Dan Johnson, Verisae CEO, “We see the marketplace evolving toward a marriage of commodity supply options with demand response and demand reduction opportunities that benefit end use customers, utilities, ISOs and energy service providers alike. To truly manage these diversified transactions, for both customers and energy service providers, it requires a robust set of solutions that work seamlessly together. We believe our strengths in customer solutions in combination with AREVA’s best in class market solutions provide the automation needed to manage diverse portfolios across multiple markets.”

The Virtual Grid Management solution set is modular and can be utilized in concert with existing software and meter solutions or stand alone, depending on customer requirements. Also, utilizing Verisae’s platform, the solutions can be deployed in software as a service mode.

About Verisae, Inc.

Verisae (www.verisae.com) is a leading supplier of clean technology software and services with offices in the US, UK and Asia. Verisae provides solutions for global enterprises to measure, monitor and manage, their distributed company assets, energy use, and emissions. Verisae’s Enterprise Energy Management and Enterprise Refrigerant Management solutions are the enablers to managing and reducing carbon emissions for multi-site enterprises. Verisae provides services including energy surveys and analysis, demand response energy management and implementation, as well as carbon and asset management to assure the effective implementation of its web-based solutions. At its core, Verisae creates software to help medium to large enterprises focus on operational efficiency, sustainability and green operations through an “on-demand” web-based platform that can be implemented quickly and efficiently from a regional to a global scale. Verisae was named to Inc. Magazines Fastest Growing 500 in 2008.

About AREVA T&D

With manufacturing facilities in 43 countries and a sales network in more than 100 countries, AREVA offers customers reliable technological solutions for CO2-free power generation and electricity transmission and distribution. They are the world leader in nuclear power and the only company to cover all industrial activities in this field. Their 71,000 employees are committed to continuous improvement on a daily basis, making sustainable development the focal point of the group’s industrial strategy. AREVA’s businesses help meet the 21st century’s greatest challenges: making energy available to all, protecting the planet, and acting responsibly towards future generations.

AREVA’s T&D division is an active player around the globe. In addition to being the leader in ISO market management systems, they design, manufacture and supply a complete range of equipment, systems and services for all stages in the transfer of electricity, from the generator to the end-user.

    Press Contact:
    Patricia Bailey - pbailey@skippingstone.com     714-965-0833

SOURCE Verisae, Inc.


Source: newswire