Grid4C, an industry leading AI-powered energy analytics solutions
provider, announced today it has been awarded a prestigious non-dilutive
grant by the Israel Innovation Authority for 2019. The funds will
accelerate the continued development and delivery of Grid4C’s AI-powered
algorithms to be embedded inside smart meters and make real-time
decisions at the grid edge to meet the industry’s next generation use
cases. Grid4C has partnered with worldwide leading smart meter vendors
in order to provide this innovative solution.
The AI-powered Grid Edge solutions will provide utilities with granular
real time predictions and actionable insights for their operations and
customer-facing applications. This core technology drives applications
ranging from granular load forecasting and distributed energy resources
optimization, to home energy management at the appliance level, and the
prediction, detection, and diagnostics of faults for grid assets and
home appliances, in order to improve operational planning, reduce peak
demand, increase energy savings, deliver new revenue streams, and
increase customer engagement. These capabilities and alerts will be
delivered in real-time without the need to pull the smart meter reads
all the way up to the MDM head-end through the AMI network.
“We are appreciative of the substantial support and trust the Israel
Innovation Authority has in Grid4C and our ability to lead innovation
and value delivery with AI-powered energy analytics to global energy
providers at the grid edge,” said Dr. Noa Ruschin-Rimini, Grid4C founder
and CEO. “By embedding the most advanced machine learning insights
directly into smart meters, we can help plan and optimize distributed
energy resources in real time at the edge of the grid, prevent faults
both on the grid side and on the consumers side, and help consumers
manage their energy better.”
About Grid4C
Selected as a leader in AI solutions for the energy industry by
Greentech Media and Navigant Research, Grid4C empowers energy providers
and consumers by enabling the power to foresee, leveraging advanced
Machine Learning capabilities to deliver accurate, granular predictions,
which are crucial for tackling the rising challenges of today’s energy
industry. Grid4C’s plug-and-play solutions analyze the massive amounts
of sub-hourly data collected from millions of smart meters and IoT data,
and together with customer data, pricing information and more, delivers
new revenue streams, enhances customer value, improves the efficiency of
energy operations, and maximizes profit. Its portfolio consists of
Predictive Home Advisor, which includes non-intrusive household
appliance fault prediction and load disaggregation capabilities,
Predictive Operational Analytics, enabling better decisions for
coordination of distributed energy resources with meter, sub-meter, and
asset-level forecasting, Predictive Customer Analytics, which targets
and predicts adoption of new rate plans and utility programs, and more.
For more information, visit www.grid4c.com
About the Israel Innovation Authority
The Israel Innovation Authority is an independent and impartial public
entity that operates for the benefit of the Israeli innovation ecosystem
and the country’s economy.
For more information, visit https://innovationisrael.org.il/en/contentpage/israel-innovation-authority
View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005070/en/