- envelio, the European leader in Smart Grid software, expands
into the U.S.
- "Very exciting market" - CEO Dr. Simon Koopmann, on the U.S. energy
system
- The Cologne-based clean
tech company wins the prestigious BloombergNEF Award in the
category 'Challenge 1: Relieving bottlenecks in the deployment of
clean power'
COLOGNE, Germany, April 24, 2024 /PRNewswire/ -- With approximately
five billion tons of CO2 per year, the U.S. currently
accounts for 13 percent of global CO2 emissions.
Reducing these emissions will require a massive expansion of
renewable energy. A key challenge for the U.S. energy transition is
the grid integration of renewable generation capacities. There are
already more than 1,200 gigawatts (GW) of solar and wind capacity
that has yet to be connected to the power grid. By comparison, in
2023 China installed about 290 GW of solar and wind capacity, or
about a quarter of the U.S. unconnected renewable energy capacity.
In other words, the U.S. has four times as much unused capacity as
China added last year. The German
clean tech company envelio aims to unlock this potential by
enabling grid operators and utilities to automate and dramatically
accelerate the grid interconnection process. As a result, the
German market leader in smart grid software is now expanding into
the U.S.
Intelligent Grids for a sustainable future worldwide: envelio
expands to the U.S.
The software specialist has been successfully offering its
Intelligent Grid Platform (IGP) in Europe for some time. The IGP builds up and
manages a digital twin of the power grid with a powerful network
model management engine called Grid Hub. On this basis, the IGP
provides a suite of integrated applications, several of which focus
on accelerating the interconnection process. By automating grid
data management and engineering analysis, the IGP enables a
significant reduction of the processing time for grid
interconnection requests and is able to handle the rapidly growing
number of new requests over the next few years, without the need
for long waiting times.
In Germany alone, envelio has
already been able to automate the process of more than 55,000
interconnection requests by using the IGP in the last 12 months,
which corresponds to a saving of more than 50,000 hours of work for
engineers and technical planners. Next to interconnection
solutions, the IGP also offers applications for data-driven
decisions in other grid planning and grid operation processes. The
European technology leader is now offering its award-winning
software solution in the USA.
Dr. Simon Koopmann, Co-Founder
and CEO of envelio, states: "The U.S. grids are facing a huge
wave of interconnection requests creating an urgent need for
efficient grid analysis, effective grid expansion, and creative
grid integration concepts. For this reason, we are now launching
our Intelligent Grid Platform in the U.S. We look forward to
bringing our vision of intelligent grids worldwide in this
compelling market and are excited by the challenges ahead."
One of the biggest challenges of the American energy transition
is the digitization and, above all, the automation of the
interconnection processes. By the end of 2023, there will be 1,086
GW of solar and 246 GW of wind (onshore) projects waiting to be
connected to the grid. Dr. Koopmann adds: "These volumes
illustrate the enormous untapped potential due to grid constraints.
By automating the interconnection requests, we aim to unlock the
potential for a rapid energy transition."
envelio wins internationally acclaimed BloombergNEF
Award
Each year, BloombergNEF selects three innovative companies whose
technologies help address three key challenges on the path to a
net-zero economy. This year, envelio was honored in the category of
'Challenge 1: Relieving bottlenecks in the deployment of clean
power.'
Claire Curry, selection
committee co-chair and global head of Technology, Industry &
Innovation research at BloombergNEF, stated: "BNEF set up the
Pioneers award 14 years ago to recognize, and by doing so to
accelerate, the progress of climate-tech innovators. The work of
these decarbonization innovators is more important than ever in
this critical decade: the search for new climate solutions has
never been as urgent. Our winners this year span, among other
things, technology breakthroughs in clean fuels, methods of
advancing building decarbonization, and new routes to accelerate
the deployment of renewables."
Dr. Koopmann concludes: "I am very proud of what the
entire envelio team has achieved over the past few years. Winning
the Bloomberg NEF Award not only demonstrates to us that we are on
the right track, but also highlights the potential of our
technology. It is also an excellent reference for our market entry
in the USA."
About the Intelligent Grid Platform (IGP):
envelio's Intelligent Grid Platform (IGP) is a comprehensive
software solution for the efficient planning and operational
management of power distribution grids, providing a digital twin
that processes, corrects and visualizes existing data. As smart
metering increases the volume of data, the platform's accuracy
improves, providing transparency into grid processes. The
award-winning software adapts to different sizes of grid operators,
making it a unique solution to the challenges of decentralized
energy supply and distribution grid expansion. envelio's IGP
enables grid operators to optimize and automate processes, laying
the foundation for a rapid and decentralized global energy
transition.
About envelio:
Founded in 2017 as a spin-off of RWTH Aachen University, envelio
provides software for grid operators. With its specially developed
Intelligent Grid Platform, the cleantech company offers its
customers a transparent insight into actual grid operations. The
digital twin enables grid operators to optimize processes through
automation and digitization, address grid vulnerabilities, and to
automate grid connections. The award-winning software company,
based in Cologne, Germany, plans
to offer its platform solution in additional markets and to
continue its internationalization.
www.envelio.com
Press Contact:
envelio
Lucas Schwenk c/o BETTERTRUST GmbH
Luisenstraße 40
10117 Berlin, Germany
Tel: +49 (0) 178 1197795
l.schwenk@bettertrust.de
Logo :
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