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ETAP Breaks Ground on Corporate Campus MicrogridIRVINE, Calif. --(Business Wire)-- ETAP®, the leading provider of software solutions for the design, optimization, and on-line operation of mission-critical electrical power infrastructure, today announced that the Company is breaking ground on its own corporate campus microgrid in Irvine, California. ETAP is the only known electrical power systems software developer to undertake the ambitious endeavor of designing, building, financing, and managing its own corporate campus microgrid. "Because of our leadership role providing power system software technologies for Smart Grids and microgrids for our customers, we've seen first-hand the benefits they can provide for all sorts of organizations, ours included," said Farrokh Shokooh, founder, president and CEO of ETAP. "We're making a conscious decision, and a sizable investment of resources, to broaden our knowledge of best practices in the alternative energy arena. In making this investment, we are showing with our actions - not just words - that we are committed to deepening our understanding of the issues our customers face when they commit to a Smart Grid or microgrid strategy for their organization." Shokooh added, "This is much more than an example of a vendor simply 'Practicing What They Preach.' In a few months from now, ETAP engineering personnel will have more hands-on experience managing microgrids than anyone in the industry; and the expertise they attain will be infused in our software development efforts as we create a powerful new generation of grid management solutions." The completed microgrid is expected to generate 180 kilowatts of electricity. It will save the Company an estimated $40,000 to $50,000 per year in annual energy costs, while providing 12 car-charging stations for ETAP employees who drive electric vehicles. The microgrid is scheduled to be deployed before the end of July, when ETAP hosts its annual, Global Partner Symposium for its technology and business development allies.Once completed, a time-lapse video of the entire construction process will be available on the Company's website. Once operational, the microgrid will be controlled by the Company's ETAP® Real-Time™ software platform, which enables on-line monitoring, simulation and demand side management of Smart Grids and microgrids. It will also monitor the building's power consumption throughout the day, providing insights into ETAP's energy usage patterns to help the Company lower energy costs. Utilizing this knowledge will allow the Company to optimize when and how it uses electric power. For example, the system will provide valuable insights about grid performance, including:
As part of the ground-breaking, ETAP expressed its appreciation to the following organizations, which have been instrumental in the project thus far:
About ETAP Founded in 1986 and headquartered in Irvine, Calif., ETAP is the global market and technology leader in electrical power system modeling, design, analysis, optimization, and predictive real-time solutions. The Company's software technologies ensure that power systems are designed for optimal reliability, safety, and energy efficiency; when deployed in real-time mode, they enable organizations to manage energy as a strategic asset, maximize system utilization, lower costs, and achieve higher levels of financial stability. To date, more than 50,000 licenses of the Company's ETAP and ETAP Real-Time products have been used in demanding generation, transmission, distribution, and industrial power system projects around the world. Visit etap.com for more information. Follow ETAP on Facebook, Twitter, YouTube, LinkedIn, and on its blog. Certain names and/or logos used in this document may constitute trademarks, service marks, or trade names of ETAP/Operation Technology or other entities.
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