Toshiba acquires cyberGRID for demand response deployment
Toshiba sees the development of its smart community business as a key strategy for the coming years. In addition to developing its in-house capabilities in related areas, the company has made a series of strategic acquisitions, including Swiss-based Landis+Gyr, the global leader in smart meter technology, whose products and solutions are currently being used in advanced metering infrastructure initiatives on every continent.
In February this year, Toshiba acquired Consert Inc., a US-based energy management company, and the acquisition of cyberGRID brings a European developer of grid management solutions into Toshiba Group.
Utilities must constantly balance power supply and demand across the grid, from generation through to consumption. Among the methods for doing this are demand response, which uses pricing mechanisms, including incentives, to encourage consumers, particularly in industry, to change usual consumption patterns during times of high demand. Another approach is the virtual power plant, which brings distributed generation facilities, such as industrial generation clusters including photovoltaic generators, into the grid at times of high demand. This brings greater flexibility into the supply, but adds to complexity in management and control, and also requires more complex communications.
cyberGRID provides solutions in both areas with Virtual Power Plant VPP, which matches electricity consumption with a variety of distributed generation. It offers customers a significantly lower cost alternative than conventional peaking power plants, and is environmentally friendly and CO2 neutral. Once VPP is deployed, utilities can deploy new capacity within months without any major infrastructure investments. The company has already introduced its commercial based system in Slovenia and is currently promoting sales to utilities across the Euro zone.
"cyberGRID will create new values to our customers on both demand side and utility side, which provides an ideal fit with Toshiba's energy management business in Europe" said Ryuji Maruyama, General Manager of Toshiba's Smart Community Division. "cyberGRID's cutting edge VPP business and technology will be a key solution for Toshiba's smart community. It overarches energy efficiency facilities on the demand side and smart grid components on the supply side. When integrated with Landis+Gyr's smart metering solution, it gives utilities the ability to develop advanced services for consumers. Smart community is a high level concept for integrated solution package of social infrastructures, and Toshiba Group is accelerating its Smart Community business at the global level and this acquisition will contribute to that."
Reinhard Korsitzke, cyberGRID's Chief Executive Officer added "This step by Toshiba is a huge advance for our company. We have developed an integrated platform for smart meters and VPP with Landis+Gyr, and that collaboration will be boosted and a strong synergy generated with cyberGRID as a member of Toshiba Group."
Related News
Wind and solar make more electricity than nuclear for first time in UK
LONDON - Wind farms and solar panels produced more electricity than the UK’s eight nuclear power stations for the first time at the end of last year, official figures show.
Britain’s greenhouse gas emissions also continued to fall, dropping 3% in 2017, as coal use fell and the use of renewables climbed.
Energy experienced the biggest drop in emissions of any UK sector, of 8%, while pollution from transport and businesses stayed flat.
Energy industry chiefs said the figures showed that the government should rethink its ban on onshore wind subsidies, a move that ministers have hinted could happen soon.
Lawrence Slade, chief executive…
