Packetized Energy designs and deploys human-friendly systems for coordinating distributed energy resources such as water heaters, EV chargers, and energy storage systems. By coordinating the actions of things that already exist, homes and businesses get smarter, electricity becomes more affordable, and the grid runs more reliably with renewable energy.
Primary Application Area: Energy, Efficiency
Technology Development Status: Proven Manufacturability
FIGURES OF MERIT
Value Proposition: The global electricity industry is facing two key challenges: aging physical infrastructure that increases the need for costly generation, transmission and distribution investments, and the rapid growth of distributed, variable renewable generation sources, which add stress to that same aging infrastructure. These forces increase price variability, capacity costs and the difficulties associated with managing transmission and distribution constraints. Packetized Energy gives behind-the-meter things that already exist, as well as new devices such as distributed storage, the ability to solve these problems without impacting customer quality of service. Our solution, which uses a Software as a Service model, provides cost-effective solutions to grid management problems. For example, a recent Brattle Group report that an intelligently controlled hot water heater in PJM can produce around $250/year in grid services. Packetized Energy provides an integrated software, hardware, and customer engagement solution at less than half of this cost. As a result customers get valuable Smart Home services and reduced electricity costs, and electric utilities realize substantial savings through peak-load management, mitigating the need for large capital expenditures, real-time price (LMP) arbitrage, and by participating in ancillary service markets.
Organization Type: Early-stage Startup (Seed)
GOVT/EXTERNAL FUNDING SOURCES
Vetted Programs/Awards: Packetized Energy is the commercialization partner for an ongoing $1.7 million research and development grant from the US Department of Energy's ARPA-E NODES program. As a result, our product will improve rapidly by incorporating research results as they are developed.
SBIR/STTR Awards: None to date, although our team has submitted one STTR application focused on integrated Solar PV and battery system coordination.
External Funding to Date: The University of Vermont "Ventures" program has supported this technology with a small startup loan.