Iteros Partners with Romeo Power Technology to Deliver the Most Advanced Stationary Energy Storage Solution for Business
Iteros, Inc. today announced it is partnering with Romeo Power
Technology to supply a distributed energy resource software platform for
PowerStack, Romeo’s energy storage solution that enables businesses to
harvest and store electricity off peak when it’s cheaper and then cut
ties to power lines with demand and prices are high. The platform will
offer the most advanced, turn-key energy storage solution for both
commercial and utility-scale applications.
The development timeline by Romeo was very ambitious: Iteros had just a
few days to connect to on-site equipment at the Romeo headquarters in
Vernon, Calif., and demonstrate its scalable approach to provide
customers with cost savings.
“Our library of built-in templated controls allowed Iteros to quickly
and easily demonstrate measurable energy savings at the Romeo
headquarters,” said Iteros CEO Jennifer Worrall. “Combined with Romeo’s
PowerStack energy storage technology, it illustrates how we can provide
substantial savings from the project onset.”
The rapid growth of intermittent renewable and distributed generation
has accelerated the need for battery storage to balance and relieve
overstressed utility grids across the globe. Battery storage is a key
technology to forge a path towards a more sustainable, resilient,
smarter utility grid.
“We are excited to partner with a company like Romeo which shares our
vision of delivering significant savings through sustainable energy
solutions,” said Worrall.
Iteros provides an end-to-end software platform that simplifies
time-intensive analysis and automates complex, custom engineering
processes to substantially reduce a project’s time and cost to market.
Once a system is deployed, the modular design of the PowerStack combined
with Iteros’ adaptable controls frameworks provide customers the
flexibility they need as their energy needs and markets evolve. With
each PowerStack deployed, new control strategies can be implemented
without costly reconfiguration, and multiple battery dispatch strategies
can be utilized for “stacked” storage applications, creating multiple
value streams for grid operators, utilities and their customers.
Utilities also gain greater grid stability and the ability to integrate
more renewable resources as they are added onto their systems.
“By utilizing the software solution by Iteros, we can accelerate the
timeline in which PowerStack customers can reduce energy expenses
through time-of-use energy arbitrage and demand charge reduction as well
as participation in utility demand response programs,” said Michael
Patterson, co-founder and CEO of Romeo.
To learn more about Iteros’ energy management solutions, visit www.iteros.com.
About Romeo Power
Romeo Power Technology makes the most powerful and energy-dense battery
packs in the world. Top engineers and designers from SpaceX, Tesla,
Samsung, Apple, and Amazon, started Romeo Power in 2015 with the belief
that safe and reliable energy is crucial to the advancement of human
health and economic development. Today, the energy storage technology
company leads the charge in battery pack innovation, safety and
reliability for vehicles, stationary storage and personal power packs
for consumers. For more information go to www.romeopower.com.
About Iteros, Inc.
Iteros is an energy software company that models, controls and manages
sustainable energy systems by optimizing distributed generation, energy
storage, and other complementary distributed energy resource
technologies. We provide an end-to-end software platform with modules
for modeling & simulation, monitoring & visualization and
controls/management enabling our customers to develop a comprehensive
energy strategy to maximize profitability and reduce energy spend.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171206006344/en/
Copyright Business Wire 2017
