Wipro’s platform derives the best value from Distributed Energy Resources for consumers and utilities alike
New Technology and an Evolving Marketplace
Distributed solar has been steadily gaining ground behind the meter, outside the purview of utilities, impacting their revenue and grid balance. The recent addition of distributed storage into the mix will further disrupt the market, putting customers firmly in control. The addition of storage will open doors for new entrants in the market that offer new solutions and services and redefine the current business model. While consumers will have the choice and control over their source and usage of energy, utilities will need to find ways to stay relevant in this altered marketplace. With controlled ability to store and use energy as required, storage will be the pivot for this revolution in the energy industry. While energy storage products and solutions are coming into the market, they only harness around 60% of their capacity due to various factors, such as non-charging due to weather conditions. Significant opportunities exist in leveraging storage in a more strategic way, by harnessing other devices behind the meter and utilizing the power of advanced IT tools and techniques.
Features & Benefits
Wipro’s Cognitive Energy Intelligence platform provides the right base to integrate and harmonize all resources behind the meter, improving efficiency and reducing customer bills by an additional 15% to 25%. Customers can then be aggregated to provide higher order utility functions such as demand management. Prominent solution feature sets include A) dynamic operations that account for varying weather, load and tariff conditions B) product agnosticism to support any make and model of solar panel and battery C) a rewarding and engaging user experience driven by automated interventions and a mobile platform D) future-ready feature set, including spot cost reduction, demand management and more E) extensible to future devices such as smart home automation and electric vehicles, including trading and exchange features.
Our value-added solutions encompass energy optimization services, analytics services for insights and decision support, market-hedging services using virtual power plants, as well as demand response and congestion control services for various market participants.
For customers, the mobile app provides information to understand their consumption patterns, how energy storage has been leveraged to reduce costs, as well as suggestions to improve efficiency. Customers will also have ability to remotely turn their high load devices on or off, if connected to the system. The app will also help customers enroll in utility programs such as demand reduction or market hedging, opening avenues for revenue generation. For utilities, the solution will provide individual and collective information about their customer base, and provide capabilities to utilize aggregate available storage as a virtual power plant to drive programs on demand management or market hedging. Wipro’s cognitive energy intelligence platform uses industry standard protocols to work with any product in the market. This is particularly useful for utilities with a customer base that use heterogeneous products for solar generation and storage. The solution is available on Cloud and can work independently, without putting additional burden on a utility’s IT infrastructure. The ability to continuously learn and improve (using cognitive capabilities provided by Holmes, Wipro’s proprietary platform) sets us apart in the market. With rapidly shifting industry dynamics, Wipro’s platform provides the right base on which the next generation of utility solutions can be progressively developed. Data Gateway Solar Inverter Residential Storage Electric Vehicle