mPrest and Vector to Bring Internet of Energy to Over a Million New Zealand Customers
May 8, 2017
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mPrest, a provider of mission-critical Internet of Energy' software, announced that its Distributed Energy Resource Management product - mDERMS, will be deployed in Vector's intelligent grid. Vector is New Zealand's leading multi-network infrastructure company, which distributes energy and communication services to over 1.2 million homes and businesses. mDERMS will enable Vector to improve operational efficiencies and in time, offer new services to its customers such as: home energy optimization, choice of clean energy, grid contribution and energy trading.
"This project represents a new level of software control for the power utility sector," said mPrest Chief Commercial Officer Ron Halpern. "mPrest will bring all of Vector's distributed energy resources (DERs) together, yielding a single situational overview while providing maximal utilization of these distributed resources. This new level of control will allow Vector to make progress towards its goal of expanding access to participative energy markets for its customers, save CAPEX and OPEX in developing its digital power grid, and improve services and create new offerings to its customers."
The mDERMS platform will unify Vector's varied energy resources including solar photovoltaic systems, next generation storage and demand response onto a single distributed command and control system. mPrest will also integrate Vector's internal operations platforms, including GIS, distribution automation and asset health management onto a single information technology (IT) and operational technology (OT) integrated system for control and maximum efficiency, cost and risk reduction for Vector, while increasing choice and reducing energy bills for its customers.
Vector Chief Executive Simon Mackenzie said the company is focused on creating a new energy future for its customers and the mDERMS platform is another step toward that.
"It is the most comprehensive monitoring, analytical and control system available anywhere in the world. We have worked with mPrest to trial it and we are now moving to full implementation. In addition, we will jointly develop the system not only for our customers but others," Mr Mackenzie said.
"You can think of it as a system of systems. The software sits over customer, market, and network systems managing performance in real time. Through self-learning, it is able to assess and predict multiple factors including loads, market dynamics, storage, customer demand and capacity. This greatly enhances the resilience, security and efficiency of customer solutions and our network."
"mPrest's revolutionary software increases a utility's efficiency, productivity and response times. Our products create significant advantages and differentiators for our customers and we look forward to building this bright new energy future together with Vector," said mPrest Chief Executive Officer Natan Barak.
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