September 13, 2016 10:00 AM Eastern Daylight Time
HERNDON, Va.–(BUSINESS WIRE)–Greensmith Energy, one of the largest providers of energy storage software and integration services, announced today that American Electric Power (NYSE: AEP) has selected Greensmith as the software provider for a 2 megawatt/14 megawatt hour energy storage system in West Virginia. For the last five years, this battery system has been used as backup system for AEP’s distribution network in the region. Leveraging Greensmith’s industry-leading software, AEP will expand the use of this system into a revenue generating asset—performing Frequency Regulation in the PJM market.
“Greensmith’s software and services will allow us to enhance the benefits of this energy storage system for our Appalachian Power customers,” said Ram Sastry, AEP’s Vice President, Infrastructure and Business Continuity. “This battery system was installed to help extend the life of the distribution equipment in this area. With the addition of Greensmith software and system expertise, we will have the flexibility to use this energy storage system to generate revenue that will benefit our Appalachian Power customers.”
The GEMS platform is the most widely-deployed energy storage software solution—enabling the most-advanced and proven energy storage systems in the world. With its robust, yet flexible feature functionality, GEMS continues to set the standard for grid-scale, behind-the-meter and microgrid storage control architecture. Backed by world-class technical expertise and software innovation, Greensmith has demonstrated solutions for some of the most critical challenges facing utilities.
“This installation is a milestone for the industry and demonstrates the value of leveraging Greensmith’s purpose-built software,” said John Jung, President and CEO of Greensmith Energy. “Without swapping out a single piece of hardware, Greensmith will enable AEP to take an existing storage asset and turn it into a revenue stream. We are excited to partner with a progressive company like AEP to deliver this project as well as future systems.”
This site will be participating in the PJM energy storage market by October 2016. AEP made a strategic investment in Greensmith in August 2015.
American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP owns the nation’s largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP also operates 224,000 miles of distribution lines. AEP ranks among the nation’s largest generators of electricity, owning approximately 31,000 megawatts of generating capacity in the U.S.
As one of the largest providers of energy storage software and integration services, Greensmith’s mission is to make energy storage a fundamental part of a cleaner, more intelligent and distributed energy infrastructure. Now in its fifth generation, Greensmith’s GEMS software platform optimizes the performance of energy storage by lowering costs and maximizing system return on investment throughout life. In 2014, Greensmith delivered over one-third of all energy storage capacity installed in the United States and in 2015, was selected as the fastest growing energy storage company by Inc 5000. GEMS is currently used by more than 30 major customers globally. Learn more at www.greensmithenergy.com.