Enbala
Advanced technology needed to ensure the operational stability of the world’s power grids.
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* | $50.0m | Grant | |
| Total Funding | 000k | ||
Enbala, founded in 2003 by Malcolm Metcalfe, operates as a technology solutions provider for Distributed Energy Resources (DER). Initially established under the name Sempa Power in Vancouver, Canada, the company focused on hybrid heating systems before rebranding and shifting its focus to smart grid technology. In October 2020, Generac Holdings Inc. acquired Enbala, a move that significantly enhanced Generac's capabilities in Smart Grid 2.0 technologies and positioned it as a grid services provider.
The company's core offering is the Concerto™ software platform, a distributed energy resource management system (DERMS). This platform provides distributed energy optimization and control software crucial for maintaining the stability of power grids. It aggregates various customer loads, energy storage, and renewable energy sources to create a dispatchable network of controlled energy resources. This allows for the real-time balancing of energy supply and demand. The business model is centered on providing this platform to utilities, energy retailers, and grid operators globally, enabling them to manage the increasing complexities of variable energy assets. By creating a controllable and dispatchable energy resource from flexible loads, energy storage, and renewable sources, Enbala's platform allows otherwise dormant backup power generation assets to generate revenue for their owners.
The Concerto™ platform's key benefit is its ability to transform disparate distributed energy resources into a unified virtual power plant (VPP). This system can be dispatched to enhance grid reliability and efficiency. For its clients, this translates into the ability to offer demand response programs, manage frequency regulation, and optimize voltage, ultimately deferring the need for capital expenditures on new infrastructure. The platform utilizes machine learning algorithms to forecast available capacity, ensuring optimal dispatch of energy resources. Enbala's clients include prominent utilities such as Portland General Electric, Public Service New Mexico, and Sacramento Municipal Utility District.
Keywords: distributed energy resource management, virtual power plant, grid balancing, smart grid software, demand response, energy optimization, DERMS, energy aggregation, utility software, grid services