PROVIDENCE – For their May meetup, the Providence Geeks will host Utilidata, a company using advanced technology to make the electric grid operate more efficiently.
Utilidata’s AdaptiVolt system leverages digital signal processing to extract information from voltage data on the electric distribution grid, allowing for better-informed, real-time decisions by grid operators and more efficient energy control.
In December, Utilidata completed a $20 million Series B round of financing led by San Francisco-based Formation 8 Partners and Saudi Aramco Energy Ventures to support the company’s research and development and to expand its product base in North America, Asia and the Middle East.
Utilidata also announced earlier this year that it will deploy AdaptiVolt on seven National Grid circuits in Rhode Island to test the system’s effectiveness in delivering efficient voltage control, Utilidata’s first contract with National Grid that could lead to broader deployment of AdaptiVolt with the utility if the results show improved energy savings.
Utilidata CEO Scott DePasquale and Chief Technology Officer Sridhar Ramachandran will join the Providence Geeks next week to tell the Utilidata story, demonstrate how their solution works, and give a sneak peek at where they are headed next.
The May meetup will take place on Wednesday, May 21, from 5:30 to 8 p.m. at the AS220 in Providence. The event is free, but attendees buy their own food and drink.
Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.