IPKeys Closes Acquisition of ElectSolve to Better Serve the Public Power and Rural Electric Cooperatives Sectors.
MANews-(C)2009-2018
18 October 2018 - US-based IPKeys Power Partners (IPKeys) has closed the merger and acquisition of US-based public power sector of meter data management provider ElectSolve Technologies and Services, Inc. (ElectSolve), the company said.
ElectSolve boasts over 5m Advanced Meter Infrastructure points served.
The acquisition accelerates IPKeys strategy of becoming the provider of highly secure Integrated Automated Demand Management platforms for utilities and consumers.
The merger enhances both organisations ability to deliver on the needs of utilities and grid operators by providing a unique technology and programmatic integration of Demand Response, Meter Data and Event Management, Cyber Security and Network Engineering.
According to IPKeys, the merger will build a strategic value for utilities by expanding the role of AMI and the data it provides for billing electricity consumption. It leverages historical consumption data into predictive, economically efficient and highly secure automated electricity demand and peak load management capabilities for utilities.
As coal plants shut down and nuclear installations are being reduced, utilities are facing significant challenges to meet a changing fuel supply mix.
IPKeys' EISS system and IADM combined with ElectSolve's MDM platform provides utilities with the ability to trust reliable and secure demand resources for load management.
This potentially saves billions of dollars in replacement capacity plant investments; particularly those required to support reserves for peak demands.
IPKeys automated demand response and ElectSolve's utility Meter and Operational Data Management (MDM/ODM) platforms provides real time dispatch, measurement and verification of consumer side resource performance.
The merged platform also includes the automated reconciliation and customer payment for participation providing utilities a tool to utilise demand side resources just as they do supply side generation.
Utilities will be empowered with significant leverage to reduce peak demand charges for both their ratepayers and mitigate risk for utilities.
The software development teams of both entities will have the opportunity to advance by combining meter data and operational management with the ability to control electricity load consumption on an...
To continue reading
Request your trial