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OTTAWA, Canada – August 29, 2019
Today, BluWave-ai announced that it is leading a $6M smart grid modernization project consortium to improve the integration and return on investment of distributed energy resources for grid utilities worldwide; this innovative artificial intelligence (AI) based technology directly contributes to the reduction of greenhouse gas (GHG) emissions. Sustainable Development Technology Canada (SDTC) is the primary funding partner for BluWave-ai on this project with a $2.43M investment. The contributing partners in the consortium include: the City of Summerside, Prince Edward Island; Hydro Ottawa Limited, Ontario; and Indian conglomerate, Tata Power Company Limited.
“SDTC is the perfect example of government and industry working closely together to foster Canadian based innovation to increase the adoption of renewable energy at home and abroad and to reinvent Canada’s energy economy for this century,” said Catherine McKenna, Minister of Environment and Climate Change, “We are extremely privileged to have this opportunity to support BluWave-ai on what is both a national and international journey to realize more sustainable energy choices.”
This project builds on the AI-enabled optimization capabilities of BluWave-ai’s platform which predicts, optimizes and continuously improves upon recommendations for the best use of available energy sources while accounting for constant fluctuations in generation, load, and energy pricing. Results with utilities have shown that BluWave-ai’s accurate prediction and dispatch optimization increases utilization of renewable energy and improves efficiencies by 10-20%.
BluWave-ai maximizes the use of renewable energy sources and energy storage systems (ESS) in large scale wind and solar facilities, and distributed grid-attached microgrids at campuses and commercial sites. First introduced in 2017, BluWave-ai’s software products are operational in multiple locations worldwide, thus leveraging five USPTO patents that apply AI to renewable energy systems. These products will be further enhanced through the consortium partners and deployed in their networks over a 2.5-year period.
"Our utility will transform from an operator of legacy distribution networks to a two-way transactional energy and data smart grid," said Mark Fernandes, CIO of Hydro Ottawa. “To achieve this, we have been working with BluWave-ai to add distributed intelligence at the substation and back office levels to deal with the proliferation of distributed energy resources (DERs). This will not only propel Hydro Ottawa into the future, but will drive Canadian innovation for global DER transformed utilities.”
“We have been on the forefront of Canadian smart grid innovation as the premier municipal utility deploying captive wind energy generation, smart load management and advanced metering and IT systems,” said Bob Ashley, City Manager at Summerside. “We are seeing substantial savings since the introduction of BluWave-ai Edge and Center products, which apply artificial intelligence to reduce the import of grid power, increase the use of wind energy and optimize storage. Over the next two years, we anticipate added savings through the introduction of additional advanced modules which will further optimize our energy usage.”
BluWave-ai technology reduces emissions by displacing non-renewable energy sources. For example, with a BluWave-ai deployment in a typical city of 1 million people, including 20 large deployments at colleges, hospitals, airports, commercial and industrial sites, forecasted yearly savings in GHG emissions would be the equivalent of taking 3,600 vehicles off the road. Through scale-out of the solution to cities worldwide, BluWave-ai technologies will reduce carbon emissions by a forecasted 2.8 million tonnes by 2029.
“The applications for Artificial Intelligence are expanding quickly and that includes uses in renewable energy,” said Leah Lawrence, SDTC President and CEO. “BluWave-ai is leading the way in using data and AI to add and more seamlessly integrate wind and solar energy into our electricity grids in Canada.”
We will take AI-optimized solutions developed with Canadian utilities and will deploy and adapt them using machine learning techniques to international weather, pricing, regulatory, and demand patterns,” stated Devashish Paul, CEO and Founder of BluWave-ai. “The time is right to take our Canadian based innovation global with support from SDTC.”
Renewables have the fastest growth rate in the electricity sector, providing almost 30% of global power demand by 2023, according to the International Energy Agency (IEA). With the help of SDTC funding, this project puts BluWave-ai in the position to capitalize on, and influence, this industry trajectory while enhancing its product offerings. BluWave-ai’s products are currently available for other deployments with utilities and microgrids in addition to the project consortium partners.
About BluWave-ai
BluWave-ai is an Ottawa, Canada based artificial intelligence for renewable energy company. Our machine learning platform that balances the cost, availability, and reliability of different energy sources – renewable and non-renewable – with energy demand in real-time. We let utilities, enterprises, remote communities, and governments optimize their energy decisions for sustainability, reliability, and affordability. BluWave-ai is pleased to work with innovators in the energy industry including Tata Power, Hydro Ottawa, and Natural Resources Canada to realize a greener, more sustainable grid for all.