GE has launched Grid IQ: Demand Optimization System, a new solution relying on GE's advanced demand response management system software to deliver comprehensive demand-side management support. This holistic solution helps utilities and consumers increase efficiency, lower their carbon footprint, and reduce operations and energy costs.
GE's Demand Optimization uses GE software and continuous-learning algorithms as part of a complete system of two-way communications, smart devices and dynamic-pricing incentives to deliver a new level of precision and control to demand-side management. Studies show that utilities can experience peak demand reduction between 10% and 15%. GE estimates that this could save up to $18 million per year in avoided capital expenditures for a utility with 1 million customers.
Demand Optimization also is good for the planet. One study found that direct feedback on energy use and efficiency programs enabled by demand response solutions could save 50 billion kWh in electricity consumption and avoid the emission of 28 million metric tons of CO2 in 2030 — in the United States alone.
This solution enables an optimal balance between supply and predictable consumer demand, with smart-load technologies like programmable communication thermostats, smart appliances, electric vehicle charging stations, in-home energy portals and home automation devices. In the future, it also will optimize the integration of distributed renewables such as solar, wind and storage, allowing users to increase their mix of clean, domestic generation while realizing financial, regulatory and economic benefits from every kilowatt hour saved.
With Demand Optimization, instead of shutting down a large pool of load resources, utilities turn down only the load they need to meet objectives. GE's new application gets smarter with every day of experience and data collection, so the mastery of demand becomes a more powerful tool for maximizing revenue while minimizing risks.