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May 21, 2013

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For over 10 years, Powerit customers have been leveraging unique energy management software to significantly reduce their energy bills.  And with 2013 came a new milestone of success for this Seattle based software company.  Powerit Solutions is proud to announce that as of January 1, 2013, we sold demand management systems to control over 750MW of load.  


Apr 4, 2013

 

Blog Images-Inductotherm LogoPowerit Solutions and Inductotherm Corp. commission first Demand-Control ready furnace power supply at Milwaukee Valve Company.


Dec 3, 2012

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Investment led by Black Coral Capital to Support Expansion of Powerit’s Demand Management Ecosystem in Industrial Automation

Powerit Solutions, the leader in energy demand management automation for industrial businesses, today announced the completion of a $5.5 million Series C growth financing round. The round includes an initial $3 million in April of this year and an additional $2.5 million investment that closed in late November. 
 
The investment will support Powerit’s ongoing work with strategic partners to integrate its product, Spara EMS®, into the industrial automation, utility, and smart grid infrastructure. It will also fund the completion of a cloud platform launching in 2013. Finally, it will allow Powerit to expand its reach in the European market. Four institutional investors from previous rounds participated, with Black Coral Capital leading as it did in the Series B round.
 
Take a moment to read the entire press release here.

Nov 26, 2012

Blog Images- DR scale

With all the hype in the market about how demand response (DR) is going to grow, many players –aggregators, utilities, and smart grid technology vendors – have assumed that they could succeed by pursuing DR on a stand-alone basis. We think the market is about to realize that to be successful, DR has to be part of an integrated demand management ecosystem.
 
Today’s demand response system is not scalable. Utilities and aggregators are focusing resources on DR participants – commercial and residential customers – that can’t deliver large, on-call reductions and are challenging to sign up. For example, earlier this year the Maryland utility Pepco recruited 150,000 customers, partly by going door to door, to provide about 200 megawatts of demand response.
 
About 100 or fewer industrial customers can deliver that much electricity with advanced automation. But utilities and system operators are spending large sums of money to compensate participants who use very crude, manual-response methods that limit DR capabilities. And aggregators, which play a crucial role in developing DR capacity, are likely to see staffing expenses rise as utilities bring on programs involving more frequent, shorter-term DR events – which mean more customer calls.
 
Operating as it is, this system won’t deliver the level of participation and control we need to ensure grid stability, integrate intermittent renewables into the grid, and generally optimize energy use.
 
Read the full article at Smart Grid News

Oct 25, 2012

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Powerit Announces Channel Partnerships with Major Regional Electrical Distributors

Powerit Solutions, recently named one of the 100 most promising private cleantech companies in the world, today formally announces a key element in its growing industrial demand management ecosystem: channel sales partnerships with four leading automation distributors.

Powerit Solutions now has distribution agreements in place with Border States Electric, French Gerleman, McNaughton-McKay Electric Company and Schaedler Yesco Distribution. These regional companies, all with expertise in industrial automation and energy, span 20 states and together represent billions of dollars in sales. They will sell Powerit Solutions’ Spara EMS® technology, which provides the crucial “last mile” link connecting industrial facilities with the smart grid. 

Take a moment to read the entire press release here.


Oct 4, 2012

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Cleantech Group’s List Names the Top 100 Private Companies in Clean Technology

The Global Cleantech 100 list of the world’s most promising cleantech companies is out, and Powerit Solutions is on it for a second time. Developed by the Cleantech Group and in its fourth year, the competition received 8,285 nominations for 5,117 companies from 85 countries. Powerit Solutions also appeared on the list in 2009 

Says Kevin Klustner, CEO of Powerit Solutions: “It’s exciting to again appear on this elite list. Our pioneering role in connecting the industrial sector with the smart grid is something we’re very proud of.”

“Powerit is setting the demand management standard, and this honor speaks to our groundbreaking work in the automated demand management space,” Klustner continues. “We’re also very energized, as well, by our ongoing work with key players in the industrial automation, building control, and smart grid arenas. Our technology’s market impact is growing and our technology’s promise is being unleashed.”

Powerit Solutions appears in the Global Cleantech 100’s Energy Efficiency sector within the Enterprise Energy Management subsection. The Cleantech Group’s report notes that Energy Efficiency “remains the hottest and growing sector within cleantech.” 


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