PTC technology provides IoT platform for real-time grid management
FARNBOROUGH, UK – 21. April, 2016 – PTC (NASDAQ: PTC) today announced that DEPsys Smart Grid Solutions, a provider of software and hardware technology designed to control and manage power grids, has implemented PTC ThingWorx technology in order to flexibly serve a diverse market. ThingWorx is a powerful IoT technology stack comprised of a rapid-application development platform, connectivity, analytics capabilities, augmented reality and more.
The energy market is undergoing a major transformation. In addition to growing demand, the world is moving away from the use of centrally generated nuclear and fossil fuel electricity and towards the use of distributed renewable energy resources, including solar, hydro, and wind. In many instances, the end customer has become both the producer and consumer of electricity. However, existing infrastructures were not designed for a bi-directional flow of energy. The growing multitude of injection points into the power network is causing major stability challenges, which must be addressed and controlled.
With its GridEye solution, DEPsys is able to offer utility companies access to information that allows them to control and manage the grid. This modular solution comprises smart sensors and actuators (GridEye modules) that are distributed throughout the power grid. These modules ensure grid stability while optimizing energy efficiency that meets local requirements. GridEye enables the reliable integration of intermittent renewable generation sources allowing power providers to increase renewable resource contribution with the assurance that system controls will maintain grid stability. The ThingWorx® platform will allow more flexibility, adaptability and better management of the innovative GridEye solution.
“Each utility network is composed of different equipment and operates under its own local government standards,” said Michael De Vivo, CEO at DEPsys. “With ThingWorx we can now quickly and easily customize our GridEye solution to meet the needs of each company. We have the flexibility to support them all.”
“DEPsys is leading the way in the rapidly changing energy industry,” said Paul Grenet, Divisional Vice President, PTC EMEA. “Thanks to the ThingWorx platform, DEPSys is able to simplify and speed up its IoT application development time and deliver solutions that coordinate analysis and action among diverse grid devices. With the DEPSys GridEye solution, utility companies can measure, monitor and solve problems on the grid in real time. We are very pleased to be working with this innovative company.”
About PTC www.ptc.com
PTC (NASDAQ: PTC) is a global provider of technology platforms and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). The company’s next-generation ThingWorx® technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company’s field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC’s award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.
About DePsys www.depsys.ch
DEPsys is a leading Swiss technology company in the energy market. It provides evolutionary solutions enabling traditional low voltage electricity networks to cope with the new constraints of decentralized production from renewable energy sources, such as photovoltaic systems and wind turbines, as well as emerging storage technologies. The DEPsys GridEye platform provides an innovative technology solution for distribution system operators (DSO). Uniquely positioned with its deployment simplicity, it is the only solution that avoids all installation hassles with true plug & play functionality. While real-time monitoring and statistics provide detailed insights into the network conditions, regulation algorithms guarantee network quality and stability. Ultimately, optimization algorithms balance production and consumption locally at substation level in a highly dynamic environment. Operating the full platform stack significantly reduces the need for infrastructure investment, as well as energy waste. The award-winning GridEye system is currently tested and operated by several Swiss DSOs and is available in its third version.
PTC, the PTC logo and ThingWorx are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.