Earlier this year, energy efficiency company OPower said it wanted to double its utility company clients from 50 to 100 in 2011. Two new deals move the company only incrementally toward that goal, but the scale of the projects underscores OPower’s domination in the customer engagement arena.
Baltimore Gas and Electric Company (BGE) has selected OPOWER’s Advanced Customer Engagement (ACE) platform as the front-end solution for its upcoming smart meter rollout.
Baltimore Gas and Electric is partnering with Accenture and Oracle to develop a smart meter network for the utility’s 1.2 million customers. The planned implementation is part of BGE’s smart grid initiative to reduce peak electricity usage, improve customer service, and upgrade operational performance.
Constellation Energy announced it will acquire energy management and demand response provider CPower, which designs and manages programs that enable commercial, utility, and public sector customers to reduce electricity demand during peak demand periods. The acquisition expands Constellation Energy’s total demand response capacity to 1,500 megawatts. The deal is expected in the fourth quarter of 2010. Terms were not disclosed.
In regulatory proceedings involving business cases for advanced metering infrastructure, the benefits of dynamic pricing often play a prominent role. Several studies have shown that dynamic pricing can provide substantial benefits to utilities and customers. It does so by lowering peak demand during hours when the power system is experiencing critical conditions such as extremely high prices or threats to reliability. Hence, dynamic pricing results in avoiding expensive capacity and energy costs in the long term and lowering wholesale market prices in the short term.
Smart grid technology provider Consert Inc. has received $17.7 million in funding from Constellation Energy, GE Energy Financial Services, Qualcomm Incorporated, Verizon Ventures and private investors to support strategic marketing, North American sales, and ongoing enhancements of Consert’s advanced smart grid software.
Baltimore Gas and Electric Company (BGE) has finalized an agreement with the United States Department of Energy (DOE) to receive a $200 million federal stimulus grant in support of a comprehensive Smart Grid initiative that the utility claims will save consumers an estimated $2.6 billion over the life of the project. Implementation of the Smart Grid initiative is contingent upon approval by the Maryland Public Service Commission.(PSC)