Its applications help reduce power outages and improve service as well as offer integrated management of green energy resources
Israel-based mPrest, a global provider of mission-critical monitoring, big data analytics and control software for the Industrial Internet of Things (IIoT), has expanded its presence in the North American utility market.
mPrest is the tech company behind Israel’s Iron Dome missile defence command and control system and it has proven scalability for management of tens of millions of assets. Its applications assist utilities in reducing power outages, improving service to their customers, offering integrated management of greener energy resources and reducing overall cost of energy within their networks.
In addition to a recent Asset Health Management production contract expansion with New York Power Authority, mPrest is collaborating with multiple leading utilities in the US on implementing DERMS, Grid Analytics and Smart Grid Management.
This intelligent grid management system of systems is an advanced monitoring, analytics and control application, which integrates existing IIoT systems to provide an all-in-one view of distributed energy resources (DERs), demand response (DR) platforms and legacy assets as well as platforms as well.
This allows for end-to-end integrated management of millions of DERs, while taking into consideration weather forecasts, network constraints, and market signals. Equally important is the fact that mPrest’s smart grid management system of systems and DERMs is vendor agnostic and allows utilities to adopt a best-of-breed strategy versus standardising on a single grid solution. Furthermore, it allows utilities to solve their DERMS management challenges immediately.
"A growing number of utilities are embracing distributed energy and its potential benefits, including greater grid resilience, lower operating and customer costs, wider autonomy to consumers and new business models" said Natan Barak, CEO of mPrest.
"mPrest’s software empowers utilities in North America and around the world to remove hurdles and become leaders in, rather than obstacles to, building and managing the distributed energy networks of the future".
Utilities are facing the challenge of managing many distributed energy resources, with energy flows in multiple directions. Each DER platform may have their own monitoring system and integrating these inputs and analysis with other OT or IT systems such as GIS, SCADA, BI, state estimators and others is often done in a manual fashion.
The result is a vastly complex network and siloed monitoring and control systems. mPrest intelligent grid management systems of systems unifies customer-facing distributed energy resource management (DERM) functions, ranging from electric vehicle charging to demand response, with internal operations such as asset health monitoring and energy cost optimisation for fully integrated analytics, monitoring and control.
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