The Next Evolution of Virtual Peaker

2018 has been a big and exciting year for Virtual Peaker. We made substantial investments in our team, our technology, and our customer frameworks. Amid these changes, it became imperative our outward identity better reflect our internal evolution. Now, after several months of work, we are thrilled to announce our new brand.

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Blog PostJeffrey Quigley
The Future of Electricity Rates

There is little doubt that the electric utility industry is feeling the strongest disruptive forces in a century. The growth of renewable energy exponentially eats away at energy sales, which remain the main revenue for utilities. Further, the intermittent nature of renewable energy drivers faster ramp rates, thereby increasing the complexity of serving customers.

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Blog PostJeffrey Quigley
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.” 

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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.

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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.

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