AutoGrid Partners with Mysa to Launch Utility-Scale Virtual Power Plants Using Smart Thermostat Technology for Grid Modernization
REDWOOD CITY, Calif. and ST. JOHN'S, NL, Sept. 22, 2022 /PRNewswire/ -- Industry-leading Virtual Power Plant (VPP) provider, AutoGrid announces it will launch one of several VPP projects in collaboration with Canadian manufacturer Mysa, whose line of innovative smart thermostats for electric heating and cooling systems offers robust home energy management capabilities for both consumers and utilities. The initial VPP project with Puget Sound Energy (PSE) supports a targeted demand side program to postpone the buildout of a new substation in the Pacific NorthWest.
AutoGrid will leverage its VPP platform in conjunction with Mysa's smart thermostat technology for electric heating and cooling to provide a comprehensive and scalable dispatch solution for both of these technologies, and other IoT solutions from various thermostat and Water Heater Controls platforms. Through this comprehensive Demand Response program, PSE can delay very costly expansions of existing infrastructure via transmission and distribution projects, thus saving rate payers a substantial amount of money, while allowing PSE to responsibly modernize their infrastructure over the coming years without taking on substantial upfront costs.
"We have been using smart thermostats with our VPP technology for quite some time. Mysa is unique in that their products allow complete smart control of high voltage electric heating and cooling systems. This market is underserved by other smart thermostat makers, yet is prevalent in northern parts of the U.S. and Canada, where there is the widespread use of electric home heating and cooling. We are excited to launch this partnership," said Amit Narayan, Founder and CEO of Autorid.
"Mysa's mission is to make smart home energy management tech that keeps folks comfortable and builds a better future for our planet. A significant part of that better future is the wider shift towards HVAC electrification, which Mysa supports with our products for electric baseboard heating, already installed in thousands of homes throughout the US and Canada. Also, homeowners all over North America are rapidly adopting our latest product for ductless mini-split heat pump systems. With our innovative products, bringing our customers access to demand-response programs across the US is a major way to help utilities with flexibility in their grid systems. Great partners like AutoGrid help move us closer to realizing Mysa's vision of a fully electric future," said Joshua Green, Co-Founder and CEO of Mysa.
Founded in 2010, AutoGrid is committed to accelerating access to sustainable energy to combat climate change. AutoGrid's artificial intelligence-driven software makes electric vehicles, batteries, roof-top solar, utility-scale wind, and other distributed energy resources (DERs) smarter. By enabling prediction, optimization, and real-time control of millions of energy assets at an unprecedented scale, AutoGrid is making the vision of a decentralized, decarbonized, and democratized new energy world a reality. With over a decade of pioneering experience across the globe, AutoGrid offers fleet owners, energy-as-a-service companies, renewable project developers, utilities, and electricity retailers the ability to build, own, operate, and participate in intelligent and scalable virtual power plants, enabling them to disrupt the dependency on fossil-fuel based energy. The AutoGrid Flex platform manages over 6,000MW of virtual power plants in 15 countries.
For more information on AutoGrid please visit: http://www.auto-grid.com
Based in St. John's, Newfoundland, Mysa's mission is to fight climate change by empowering homeowners to take control of their energy use with innovative technology. Mysa's smart thermostats for electric heating and cooling HVAC systems are designed to help users manage their household energy spend, decarbonize our grid, and build a more sustainable future for our planet. Since first shipping in 2018, Mysa has launched 4 products and helped hundreds of thousands of homeowners all across North America take smart control of their home's heating and cooling without compromising on comfort.
For more information on Mysa please visit: http://www.getmysa.com
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