Bidgely today announces that it has surpassed the terawatt hour (TWh) of energy savings, offsetting almost 709.000 tons of CO2 emissions. Contributing to this achievement has been its global customer base of utilities and energy distributors, who have implemented Bidgely's AI-powered solutions, including personalized and cost-effective energy efficiency programs, to address decarbonisation and electrification objectives.
“Adding more clean energy to the electric grid to achieve net zero emissions takes decades. Utility providers – and society – need future-ready parallel solutions with immediate impact while supporting more renewables in the grid,” said Abhay Gupta, CEO of Bidgely. "We've been able to offset volumes of emissions that would have required thousands of solar panels, hundreds of wind turbines, and many years to overcome design development hurdles, instead allowing the grid to be used and deployed more intelligently now."
Rocky Mountain Power, a Berkshire Hathaway Energy company, partnered with Bidgely to cut energy consumption by more than 228 GWh, a 25% cost reduction over traditional energy efficiency programs.
William Comeau, Vice President of Customer Experience and Innovation at Rocky Mountain Power, said, “Transitioning to a sustainable future is a partnership with our customers; it is the data that helps us to propose specific offers for these realities in a targeted way from the point of view of energy efficiency. Thanks to this partnership we help customers to reduce the load during peak hours, we can contain the overall costs for our users and, in the long term, propose more sustainable solutions”.
Adam Grant, director of Electrification and Energy Services at NV Energy, another Bidgely partner that achieved energy savings of 13 GWh in the first year and 40 GWh in the first three years of its energy efficiency program, noted: “ We work hard to be partners with our customers, to teach them how to use energy and reduce their consumption. Thanks to the data and the focused aspect of our business, it's not about general marketing: we evaluate our knowledge on the exact points and reasons of customers' areas of inefficiency and help them become more efficient”.
Bidgely helps drive customer engagement, awareness and market transformation for large-scale utilities; the programs it proposes have demonstrated how in-depth information based on granular user data can guide investments in this sector, to achieve the pre-established objectives of energy efficiency and sustainability.
The impact obtained with the energy saving of one TWh is equal to the compensation of CO2 emissions for one year generated by:
“Machine learning, theIA and smart meter data enable highly targeted and strategic energy efficiency programs to be implemented. It is an approach that enables the integration of distributed energy resources (DER), grid optimization and increased energy efficiency, to relieve the load on the electricity grid of utilities providers and, at the same time, allows users to save money on bills,” said Ms. Krystal Maxwell, research director at Guidehouse.
“As the electric grid changes and expands as a result of electrification, real-time visibility and optimization of the electric system will become essential,” said Elizabeth Cook, president of the Association of Edison Illuminating Companies) and an industry leader and consultant for nearly two decades. “By analyzing energy and focusing on problems, we can reduce carbon emissions by leveraging the existing electricity grid infrastructure. Programs that manage the production and distribution of energy are not only useful for reducing emissions, but also for improving the regional energy load. With AI-generated insights into customer consumption patterns and informed incentives, utilities can serve customers smarter and further optimize network performance.”
Bidgely's solutions allow you to harness the full power of data, giving end customers awareness and the important and simple actions they can take to improve their energy efficiency and save money. Using patented technology to detect the types of appliances and the cause of inefficiencies, Bidgely's partner utility providers have the opportunity to detect energy waste quickly and intelligently.
Bidgely is a company SaaS based onartificial intelligence that accelerates a clean energy future by enabling energy suppliers and consumers to make energy-related decisions based on data. Based on the company's unique patented technology, Bidgely's UtilityAI™ platform transforms multiple dimensions of customer data, such as energy consumption, demographics and interactions, into highly accurate and actionable insights into energy users use. The company draws on this information to provide personalized recommendations to each individual customer, based on their specific personality and lifestyle, usage attributes, behavioral patterns, propensity to purchase, and more.
From a Distributed Energy Resources (DER) and Grid Edge Perspective, Bidgely Drives Smart Metering Innovation with Data-Driven Solutions for Solar PV, EV Sensing, EV Behavioral Load Shifting and managed charging, energy theft, short-term load forecasting, network analysis and TOU tariff design.
Bidgely's UtilityAI™ energy analysis provides an in-depth view on generation and consumption, for better peak load management and network planning, as well as providing targeted recommendations on new value-added products and services. With roots in Silicon Valley, Bidgely has more than 17 energy patents and funding exceeding US$75 million, has long-standing collaborations with more than 30 data scientists, and brings a passion for AI to public service providers utilities for residential and commercial customers worldwide.
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