Arensis and Schneider Electric Launch Smart Microgrid Partnership and Development of ENTRADE IO Blockchain Technology
Arensis, a leading international provider of decentralized energy systems, and Schneider Electric, a leader in microgrid development with integrated efficiency solutions combining energy, automation and software, today announced the joint development of its smart microgrid pilot program. As part of the pilot, Arensis and Schneider Electric will develop a blockchain Application Programming Interface (API) platform for ENTRADE IO, a newly-formed company founded by the CEO of Arensis for off grid project financing and the sale of renewable energy in remote areas around the world.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005362/en/
Schneider Electric augmented reality (AR) applications developed for Arensis and ENTRADE IO Smart Microgrid solutions. (Graphic: Business Wire)
Joint development of the smart microgrid systems, combining waste-to-energy, solar and storage, will launch in North America with plans for growth on a global scale. The pilot will explore integrated renewable energy solutions using resources to develop, monitor and operate the systems through augmented reality (AR). The newly-formed ENTRADE IO financing platform is already underway outside of the U.S. helping to raise funds for projects in areas of greatest need, primarily Asia and Africa.
“Our collaboration with Schneider Electric on the development of microgrids with turnkey solutions and project financing structures will bring our long-time vision to life,” stated Julien Uhlig, CEO of Arensis and founder of the new ENTRADE IO entity. “I believe that blockchain is the missing piece to help us bring our decentralized utility to all parts of the world. Smart contract ledgers, free flow of capital, dedicated token offerings for funding and direct donations will revolutionize the way small-scale, high social impact energy projects will be funded in the future. We are incredibly proud to partner with Schneider Electric, one of the largest automation companies in the world, to make the ENTRADE IO platform a reality.”
Live monitoring and the generation and distribution of energy to end users via Arensis IoT applications, in cooperation with Schneider Electric, creates a fast and highly-efficient energy infrastructure. Schneider Electric’s EcoStruxure™ Augmented Operator Advisor facilitates maintenance operations with the help of step-by-step procedures and remote experts leveraging augmented reality. Access to dashboard insights, real-time information, analytics on machine health, performance, efficiency and remote expertise enables tracking, monitoring and maintenance assistance, all from a mobile device.
“Traditionally, 50 percent of time spent on maintenance involves finding information, with the remaining 50 percent devoted to actual intervention on the equipment for smart grid technologies,” stated Mark Feasel, Schneider Electric VP Smart Grid North America Operations. “The system we are working on with Arensis allows users to find information faster, reduce operator error and avoid machine downtime, with features such as giving users the ability to virtually open electrical cabinet doors and increase their overall efficiency.”
Until now, the direct sale of power on a micro-level has been limited by high transaction costs and the cost of operating a small-scale utility for individual customers has not been feasible. Blockchain technology, integrated with smart metering, efficient demand-based power management, automation and AR-based forecasting, is now streamlined with fully automated smart contracts and ledger processing.
Arensis licensing and expertise in decentralized energy systems utilizing localized biomass fuel sources, combined with the smart microgrid expertise of Schneider Electric, is a global solution for those currently without access to energy in regions most impacted by climate change and the key to resilience, optimized energy costs and sustainability - see video.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.
About Arensis
Arensis is an international provider of distributed energy systems delivering waste-to-energy solutions based on the world’s most advanced biomass gasification technology on the market from its subsidiary German technology company, Entrade Energiesysteme AG. The E4 and recently launched E5 systems generate 50kW of electricity and 120kW of thermal energy each and fit inside a 20-foot shipping container for easy and fast deployment around the world. When stacked together, Arensis/Entrade Combined Heat and Power (CHP) Systems can supply several megawatts of energy completely off grid and can be installed in just weeks. The biomass to energy units are built for primary baseload generation, producing 24/7 energy from both organic and inorganic waste materials. Arensis is a portfolio company of the Los Angeles Cleantech Incubator (LACI) and one of the fastest growing decentralized energy providers in the world, deploying more than 200 units in 11 countries and raising in excess of $60 million since 2016. ENTRADE IO is a license holder of Arensis Inc.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180925005362/en/
Contact information
Arensis
Laurie Peters
VP Strategic Communications
L.peters@arensis.com
818.635.4101
or
Schneider
Electric
Dave Smith
Director of Media Relations
David.smith.us@schneider-electric.com
978.502.9607
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
H.I.G. Capital Announces the Sale of DGS S.p.A.11.6.2024 12:00:00 CEST | Press release
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $62 billion of capital under management, is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), a leading firm in the Italian Information Technology market, to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager. Since its inception in 1997, DGShas supported blue-chip customers in the design, integration, and maintenance of complex IT systems, with a specialization in digital transformation and cybersecurity services. The Group currently has over 1,900 employees, revenues of approximately €300 million, and maintains a group of highly loyal clientele. During H.I.G.’s ownership, DGS has tripled in size and consolidated its position as a leading Italian firm in cybersecurity services and digital transformation. DGS offers its clients sophisticated and proprietary digital transformation
Evertas Names Nick Selby Head of European Underwriting11.6.2024 12:00:00 CEST | Press release
Evertas, the world’s first crypto insurance company, has named Nick Selby as its new Head of European Underwriting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611141887/en/ Nick Selby, Executive Vice President and Head of European Underwriting at Evertas (Photo: Business Wire) Selby, an accomplished information and physical security professional, brings two decades of expertise in public and private sector information security, physical security, and complex incident handling, as well as seven years of experience leading teams securing billions of dollars in cryptoassets. Previously, his roles included VP of the Software Assurance Practice at Trail of Bits, Chief Security Officer at Paxos Trust Company, and Director of Cyber Intelligence and Investigations at the NYPD Intelligence Bureau. “Nick is an extremely valuable addition to our European team,” said Evertas CEO and Co-Founder J. Gdanski. “His public and private
Owlet utvider globalt fotavtrykk med lanseringen av medisinsk-sertifisert Dream Sock™ i Storbritannia og over hele Europa11.6.2024 11:00:00 CEST | Pressemelding
Owlet, Inc. («Owlet» or the «Company») (NYSE:OWLT), pioneren innen smart spedbarnsovervåking, kunngjør i dag den britiske og europeiske lanseringen av Dream Sock. Dette er en smart babymonitor med levende helseavlesninger og varsler for friske spedbarn mellom 0-18 måneder og 2,5-13,6 kg. Dette innovative medisinske utstyret gir foreldre helse og viktig informasjon i sanntid, noe som gir uovertruffen trygghet. Denne pressemeldingen inneholder multimedia. Se hele pressemeldingen her: https://www.businesswire.com/news/home/20240611820341/no/ (Photo: Business Wire) «Vi er svært stolte over å lansere Dream Sock til omsorgspersoner over hele Storbritannia og Europa og gi millioner av foreldre mer trygghet mens babyen sover,» sa Kurt Workman, Owlets administrerende direktør og medgründer. «Dream Sock er nå et globalt produkt som er anerkjent som medisinsk nøyaktig og trygt, etter å ha gjennomgått regulatoriske autorisasjoner og sertifiseringer innenfor flere geografier. I dag er misjonen vår
V-Nova Surpasses 1000 Patent Milestone in Media Technology Innovation11.6.2024 10:00:00 CEST | Press release
V-Nova, a leading provider of data compression solutions, video compression technology, XR technology, AI acceleration and parallel processing for a multitude of industries including media and entertainment, today announced its milestone achievement of 1000 active technology patents. This accomplishment underscores V-Nova’s dedication to research and development and its commitment to protecting its intellectual property globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611724561/en/ V-Nova’s patent portfolio spans more than 50 different jurisdictions. Including over 400 patents in Europe, over 200 in the Americas, over 100 in the United States specifically, and over 200 in Asia. V-Nova forged new directions in data processing to enhance digital experiences, maximize efficiency, reduce costs, and increase sustainability. The company leads the way with key international data compression standards for the video indust
Alipay+ Reveals Top Scorer Trophy Design for UEFA EURO 2024™11.6.2024 09:24:00 CEST | Press release
Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International and an Official Partner of UEFA EURO 2024™, today revealed the trophy that will be awarded to the most prolific marksman at the UEFA EURO 2024™ finale on July 14 in Berlin, Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610328619/en/ The UEFA Top Scorer Trophy presented by Alipay+ is unveiled for UEFA EURO 2024™ (Photo: Business Wire) Sculpted in the shape of the Chinese character “支” (pronounced zhi, and meaning payment as well as support), the trophy reflects Alipay+’s dedication to supporting consumers to enjoy seamless payment and a broad choice of deals using their preferred payment methods while traveling abroad. The character also resembles the fleeting moment of a barefooted striker poised to shoot, evoking the original beauty and power of football – a game that united people across the wo