Skip to Content Facebook Feature Image

EIPGRID Launches Revolutionary Virtual Balancing Core Technology

Business

EIPGRID Launches Revolutionary Virtual Balancing Core Technology
Business

Business

EIPGRID Launches Revolutionary Virtual Balancing Core Technology

2024-09-10 00:00 Last Updated At:00:15

Virtual Balancing Core Technology: The World's First Set of portfolio & balancing processes on core, Enabling Comprehensive Energy Insights, Cost Savings, and Decarbonization Solutions Across the Energy Value Chain.

SEOUL, South Korea, Sept. 10, 2024 /PRNewswire/ -- EIPGRID Inc., a leading provider of energy management technology, has announced the launch of a pioneering set of portfolio & balancing processes for energy management, designed to address the urgent global need for cost-efficient decarbonization and advanced energy orchestration tools. The Virtual Balancing Core Technology also incorporates advanced cybersecurity capabilities powered by digital security leader Intertrust. The new technology will be unveiled at the RE+ conference in Anaheim, California, from September 9-11.

As the global energy transition accelerates, the rapid adoption of clean energy technologies is exposing significant challenges in upgrading grid infrastructure and meeting the surging demand for clean electricity. Utilities face the dual pressures of substantial infrastructure upgrades and increased capacity requirements, while electricity users grapple with the mounting need to decarbonize amidst constrained clean energy supplies and rising costs.

EIPGRID's response to these challenges is the Virtual Balancing Core Technology—a unique, easy-to-install set of portfolio and balancing processes that requires minimal capital expenditure (CAPEX) while delivering substantial cost savings and decarbonization benefits. By leveraging a decade of  expertise in Big Data, Cloud Computing and Artificial Intelligence, this innovative technology arms energy value chain participants with the following capabilities:

Moreover, the Virtual Balancing Core Technology is built on widely adopted data standards, ensuring seamless integration into existing Energy Management Systems. It also features a built-in monitoring dashboard that can be incorporated into existing systems and includes Intertrust's XPNTM technology, which guarantees system interoperability, robust security against evolving cyber threats and enables its installation on sensitive infrastructures such as those running on SCADA.

"The world is transitioning rapidly, but the challenges and needs vary widely across states, countries, and market players," said Tony Lee, CEO of EIPGRID. "Drawing on over a decade of experience with diverse actors in various markets, we have developed a composable solution that addresses unstructured needs while being jurisdictionally agnostic. Unlike many energy management solutions that are tailored to narrow, specific needs—often resulting in high customization costs and limited flexibility—our technology is designed to ensure flexibility and adaptability in real-world applications and not just on paper."

The Virtual Balancing Core Technology will be showcased at RE+ on September 10-11 at booth #MM1102 in the startup space (Marriott Ballroom).

About EIPGRID

EIPGRID Inc. is a community energy services and solutions provider with more than a decade of experience in the energy domain and operations across the globe. Headquartered in Seoul, South Korea, the company offers a product line designed to support all energy market players, from community managers and end-users with energy resources, to power aggregators and utilities in charge of the grid. Through EIPGRID's cutting-edge technology powered by AI, all market participants get to maximize their profits through the most optimal power management while diving into various business applications, including Demand Response, Solar, Energy Storage, EV, Micro-Grid, and simultaneously exploring numerous benefits of the RE100 business model and CO2 trading. For more information and updates, visit EIPGRID's official website, LinkedIn, YouTube and X.

Media Contact

Ena Elek
jelena@eipgrid.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

EIPGRID Launches Revolutionary Virtual Balancing Core Technology

EIPGRID Launches Revolutionary Virtual Balancing Core Technology

MUNICH, Jan. 22, 2025 /PRNewswire/ -- Trina Storage, a global leader in energy storage solutions, proudly unveils its latest White Paper: Advanced Battery Cells for Energy Storage Systems. This forward-looking publication delivers an in-depth examination of state-of-the-art battery cell technologies and their transformative role in shaping the future of energy storage. By addressing key innovations, market trends, and technical advancements, the white paper provides a valuable resource for industry stakeholders navigating the rapidly evolving energy landscape.

Key Insights into Energy Storage Battery Cell Technology

Technological Features and Market Trends

The white paper explores the specialized features of energy storage cells, including extended cycle life, high consistency, and enhanced safety. These advancements are shaping the future of energy storage, making systems more efficient and cost-effective while ensuring compatibility with diverse application scenarios such as utility-scale storage, industrial systems, and residential solutions.

Large-Capacity, High-Performance Battery Cells

As the demand for energy storage grows, the industry is seeing a shift toward large-capacity and long-lifespan battery cells. The white paper delves into how these innovations minimize project footprints, reduce costs, and optimize system performance, providing scalable solutions for the growing renewable energy market.

Innovation Driving Safety and Performance

The paper explores innovations in materials, including advancements in electrolytes, separators, and structural designs, which collectively enhance safety and energy efficiency. By combining material innovation with optimized structural approaches, the industry is achieving solutions that align with evolving standards and market requirements.

Comprehensive Testing and Validation

The white paper underscores the critical role of rigorous testing and validation in battery cell development. Adhering to stringent international safety standards ensures that modern energy systems deliver exceptional reliability and performance, meeting the diverse demands of a rapidly growing market.

"As the energy storage market accelerates toward larger capacities and enhanced safety standards, our White Paper on Energy Storage Battery Cells is designed to provide actionable insights for industry stakeholders. At Trina, we continue to push the boundaries of innovation, ensuring our solutions meet the highest performance and safety standards." Said Shawn Deng, Head of Global Product at Trina Storage.

Backed by decades of experience in the renewable energy sector, Trina Storage is committed to advancing the global energy transition with sustainable, efficient, and reliable energy storage solutions.

Click here to view and download the complete white paper: [Free Whitepaper Download for Advanced Battery Cells]

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Trina Storage Releases Insightful White Paper on Advanced Battery Cell Technology for Energy Storage Systems

Trina Storage Releases Insightful White Paper on Advanced Battery Cell Technology for Energy Storage Systems

Recommended Articles
Hot · Posts