PLANO, TX and SOUTH SALEM, NY (PRWEB) February 28, 2012
Joule Assets, a leader in energy management solutions, and Vedero Software, a leading provider of automated demand response solutions, today announced an alliance aimed at jointly offering commercial customers a sophisticated automation platform enabling automated participation in demand response programs across the United States. Demand Response refers to incentive programs offered by utilities and regional grid operators that pay revenue to clients willing to reduce electricity consumption ‘on demand’ when grid conditions indicate the possibility of blackouts.
Vedero Software automatically reduces a client’s energy usage during emergency grid events based on pre-defined and tested curtailment scenarios. Automated curtailment ensures that the committed load is indeed reduced while at the same time keeping occupants in buildings relatively comfortable. Beyond economic benefits to commercial customers, demand response programs improve reliability of the electric grid during power shortages, and defers or avoids the costly build out of additional electrical capacity needed to deal with peak periods.
“The Joule Assets team has the industry expertise and national footprint needed to identify those commercial customers that can best benefit from our automated demand response platform” said Joe Pollard, CEO and Co-Founder of Vedero Software. “We are pleased to be offering our solution through their team of visionaries that can add value throughout the planning, implementation and financing process”.
Energy Reduction Asset (ERA) market opportunities are substantial and expanding. Joule Assets products and services are designed to inform people about Energy Reduction Assets (ERAs) and to drive commerce and investment into ERA opportunities thereby reducing our dependence on carbon-based energy. Joule does this by highlighting consumers' options, by describing what financing and earning opportunities are available in their location for selected measures, and by linking them to others who can help them achieve their energy reduction goals, e.g., equipment vendors, project developers, financial institutions, aggregators.
“Demand Response to date has been largely limited to industrial users or commercial clients with backup generation that can simply turn off power or switch to generators,” said Mike Gordon, Chief Executive Officer, Joule Assets. “By connecting our clients with companies like Vedero Software who have the knowhow to automate demand response, we can enable a vast array of commercial clients such as Hospitals, Universities and Real Estate Management companies to harness their energy assets and generate revenue while still keeping the building occupants comfortable”.
About Joule Assets
Joule Assets, Inc. develops energy reduction asset software and acts as a financing source for energy consumers, producers, and distributors, as well as energy reduction services, hardware, and software companies. It offers energy efficiency services that include energy efficiency auction products, which are built to fill market gaps to create contract opportunities for market players; and energy efficiency pro forma products, which allows licensees to intuitively estimate the value of environmental attributes, such as CERs, white certificates, and demand reduction for a project. The company also provides clean generation auction products and clean generation pro-forma worksheets products. Joule Assets, Inc. was incorporated in 2010 and is based in South Salem, New York. For more information, visit http://www.jouleassets.com.
About Vedero Software
Vedero Software provides software and services to instrument and automate commercial buildings for energy responsiveness. This enables our customers to generate cash, reduce energy costs, and generate added services to attract and retain tenants, thereby increasing the value of their buildings. Our automated energy management solutions help grid operators supplement, avoid or defer costly investments in generation, transmission and distribution facilities and enhance the reliability of electric power. Our solutions are used by large commercial organizations to automate demand response events in conjunction with their energy provider, and meet their sustainability goals. Visit us at http://www.vederosoft.com.