Generac Grid Services in UK energy management deal
By Mike Brezonick15 September 2022
Generac Grid Services, a subsidiary of Generac Power Systems, announced that it has teamed with Pearlstone Energy Limited to provide energy management solutions to commercial and industrial facilities in the United Kingdom. Leveraging Generac Grid Services’ Concerto distributed energy orchestration and control software platform, Pearlstone Energy can provide its customers with cost savings, while also relieving strain on the U.K. power grid during periods of peak demand.
This is the first phase of a multi-year joint initiative between the two companies to unlock value from commercial and industrial facilities’ flexible capacity. Pearlstone will use Concerto to reduce demand at each customer facility during system peaks, typically during the coldest days of the year or when there is a need for providing equilibrium in the system. The program will enable Pearlstone’s customers to participate in National Grid’s flexibility initiatives in the U.K., help facilities avoid high network demand charges for power usage during periods of grid strain, and reward participants with potential cost-savings year-round.
“Our customers rely on us to optimize their facility’s energy consumption,” said Dr. Azad Camyab, founder and chief executive officer of Pearlstone Energy. “By leveraging Generac Grid Services’ Concerto platform, we can help reduce facilities’ demand when electricity prices are at their highest and assist our customers on their net-zero and carbon footprint-reduction journeys.”
One of Pearlstone Energy’s commercial customers has already integrated and migrated its systems to the Concerto platform.
“Generac Grid Services is thrilled to have entered the U.K. market with Pearlstone,” said Jan Peter Moree, vice president of business development at Generac Grid Services. “Harnessing flexible capacity can provide a sustainable alternative to producing additional high-cost power. This program gives us the opportunity to help improve the stability and sustainability of the U.K. power grid, while delivering value to Pearlstone’s customers.”
In the coming months, Pearlstone and Generac Grid Services plan to enable additional revenue streams and savings for facility owners as electricity market prices continue to rise in the U.K. Pearlstone will leverage Concerto to bid its customers’ flexible capacity into National Grid’s short term operating reserve (STOR) and Distribution System Operator’s (DSO) flexibility markets.