San Diego, CA – February 3, 2015 – Utilidata and Siemens announced today a global reseller agreement that will further expand the market opportunity for voltage optimization technology. Siemens will now offer its customers Utilidata’s leading voltage optimization software through its Energy Automation Solution portfolio. Effective voltage control allows electric utilities to deliver power within appropriate voltage limits so equipment along the grid can operate correctly and power losses along the grid are avoided. Through this partnership, U.S. and global utilities will have greater access to software proven to save energy, reduce peak demand, and improve the efficiency of the electric grid.
“This partnership enhances the Siemens grid automation suite and will unlock new opportunities for our clients to utilize real-time grid information to realize efficiency and reliability benefits previously unavailable to them,” said Pat Wilkinson, head of Siemens Energy Automation. “Utilidata, like Siemens, is dedicated to the application of industry leading technology to solve the complex and dynamic issues faced by our customers. We are excited to add their unique and market-changing software to our expanding portfolio.”
Utilidata’s patented digital platform captures real-time data from the electric grid and gives utilities information needed to save energy, mitigate issues caused by distributed energy resources, and better detect grid anomalies. Using the company’s signature AdaptiVolt™ technology, utilities are able to adjust voltage, take customized control of system assets, and achieve 50 percent greater energy savings than conventional approaches.
“With global market expertise, Siemens is known for pushing forward new approaches and innovative technologies to meet the energy challenges of today and tomorrow,” said Scott DePasquale, Chairman and CEO of Utilidata. “We are pleased to have the opportunity to work together to bring voltage optimization software to Siemens customers and utilities worldwide.”
About Utilidata:
Utilidata®, Inc. is a global software company that works with electric utilities to enhance energy efficiency and grid security. The company’s patented technology captures real-time data from the grid giving utilities information needed to save energy, mitigate issues caused by distributed energy resources, and better detect grid anomalies. With major clients including American Electric Power, National Grid, and Pacific Gas and Electric Company, Utilidata is backed by leading venture capital firms and is expanding across North America, Asia, and the Middle East. The company has a world-class production, research and development facility at its headquarters in Providence, RI. For more information, please visit: http://www.utilidata.com or follow us @Utilidata on Twitter.
About Siemens:
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of combined cycle turbines for power generation, a leading provider of power transmission solutions and a pioneer in infrastructure solutions and automation and software solutions for industry. The company is also a leading supplier of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €75.9 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.
