Verisae Inc. and AREVA have teamed to provide a comprehensive suite of software and services that manages and automates a variety of electricity transactions across multiple independent system operator (ISO), regional transmission organization and utility territories.
The combined solution, called Virtual Grid Management, manages traditional electricity transactions, as well as automates demand and price response programs, bidding, meter data, customer-site automation and daily settlement of ISO, market participant and customer transactions.
Virtual Grid Management encompasses Verisae's behind-the-customer meter modules, such as meter data management and load controls, including measurement and verification, carbon management, rebate and incentives, and a host of related facility automation and end user applications.
Verisae's customer and meter data feed into AREVA's market solutions, including ISO interfaces, market bidding and settlement systems, as well as contract management, demand event management, scheduling, risk management, forecasting, optimization and more.
The Virtual Grid Management solution set is modular and can be utilized in concert with existing software and meter solutions or stand alone, depending on customer requirements, the companies note. Also, utilizing Verisae's platform, the solutions can be deployed in software as a service mode.
SOURCES: Verisae Inc., AREVA