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NI and Innovari Help Grid Operators Improve Utilization, Lower CostsNI (Nasdaq: NATI), the provider of platform-based systems that enable engineers and scientists to solve the world's greatest engineering challenges, announced today a technology collaboration with Innovari to help utility companies around the world improve system utilization, manage distributed energy resources and foster relationships between customers, local communities and regulators. Innovari's Interactive Energy Platform (IEP) uses artificial intelligence, "big data" analytics, proprietary optimization routines and grid-edge hardware built on NI technology to deliver capacity and address grid demand. Utility companies and commercial utility customers (retail chains, grocery stores, universities and more) have benefited from deployed systems, including:
"We were originally attracted to NI because of the company reputation as a market leader in data acquisition technology," said Corey Catten, chief technology officer at Innovari. "We chose CompactRIO Single-Board Controllers because we could get to market faster than with other options while maximizing the data processing capability per dollar spent. The end result is a system that not only helps utilities and their customers lower energy costs, but one that has eliminated millions of dollars' worth of fossil fuels that otherwise would have been burned to support grid operations." At IoT Solutions World Congress in Barcelona, Innovari and NI will participate in a session titled Improving Grid Utilization (and Cost) With Edge Control and Cloud Analytics on Thursday, October 5 at 12:40 p.m. The session explores the technical components of the complete system, details on how to achieve business benefits and an overview of a new pilot commissioned by AEP, one of the largest electric utilities in the United States. Learn more about how the NI platform helps drive the Industrial IoT at www.ni.com/iiot. About Innovari Innovari has created the platform for utilities to build the grid of the future in partnership with their customers and communities. The Interactive Energy Platform™ (IEP™) uses artificial intelligence, big-data analytics, proprietary optimization routines and deep knowledge of the utility business to optimize the entire energy value chain, especially management of distributed energy resources. The IEP adds much-needed intelligence to both the generation and consumption side of the grid and behaves like a virtual power plant, securely sitting alongside other regulated utility company assets and business models. The Interactive Energy Platform is currently installed on multiple continents. Headquartered in Portland, Oregon, Innovari has offices across the U.S. as well as in India, Latin America and Turkey. Learn more at www.innovari.com. About NI NI (ni.com) empowers engineers and scientists with a software-centric platform that incorporates modular hardware and an expansive ecosystem. This proven approach puts users firmly in control of defining what they need to accelerate their system design within test, measurement and control. NI's solution helps build high-performance systems that exceed requirements, quickly adapt to change and ultimately improve the world. CompactRIO, LabVIEW, National Instruments (News - Alert), NI and ni.com are trademarks of National Instruments. Other product and company names listed are trademarks or trade names of their respective companies.
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