Consert CEO and President, Jack Roberts, says his company has “united the interests of utilities with those of consumers and small businesses. This group of investors advances our vision of creating an integrated green energy solution with smart infrastructure, real-time communications, and intelligent in-home devices.”
Consert is currently providing municipal and cooperative electric utilities in North Carolina and Texas with green operating reserves and energy management. Consert enables consumers to manage their energy usage through secure online energy profiles and home devices.
North Carolina’s Wake Electric Membership Corporation has completed a pilot with Consert and intends to extend the service to its member base. Jim Mangum, Wake Electric CEO, reports, “Our pilot participants realized energy savings ranging from seven to 54 percent with an average of 17 percent, and responded favorably about the ease-of-use of the Consert system.”
Raleigh, N.C. based Consert designs and implements intelligent distributed energy resource management systems and conservation ecosystems. Consert solves energy issues quickly and cost-effectively and also offers advanced ancillary services such as wind and solar regulation.
Kathi Hyle, Constellation Energy Resources COO and Constellation Energy senior vice president, notes that demand side resources must be as reliable as generation assets “to meet capacity obligations in today’s marketplace. Consert solution meets this test and could benefit utilities, municipals and cooperatives nationwide.”
By providing measurable and verifiable capacity, Consert creates a Virtual Peak Plant that can negate, temporarily or permanently, the need for additional conventional power plants at a cost that is 70 to 80 percent less than the current capital cost of a new gas-fired peak plant.
Kevin Skillern, managing director of venture capital at GE Energy Financial Services says, “Consert’s technology connects homes and small businesses through existing communications networks, enabling utilities to balance electricity demand, increase energy efficiency and drive consumer savings. It complements GE’s suite of economagination and smart grid investments and products, and provides opportunities for future collaboration.”