Kevala Receives Funding to Create National Database of Local Grid Infrastructure from U.S. Department of Energy SunShot Initiative
SunShot Initiative to provide $1.7 million to open new markets to solar
San Francisco, Calif., September 14, 2016 – Energy software startup Kevala Analytics has been awarded $1.7 million from the U.S. Department of Energy SunShot Initiative to help the solar industry and electric utilities understand the local value of solar installations across the United States. The funding will allow Kevala to complete development of its Grid Assessor platform, which uses sophisticated analytics and detailed local distribution systems data to help reveal where demand and grid value for solar and solar + storage are most beneficial.
“Just like any other industry, market participants need to know where solar values are trending,” said Kevala CEO Aram Shumavon. “Instead of searching an entire territory or region, we can help developers find the best locations in a few clicks. This insight will help utilities better manage a changing grid.”
Commercial and small utility developers are facing tightened project economics as a result of shrinking interconnection capacity and the cost to find the best sites and customers is rapidly increasing total project costs. Kevala’s Grid Assessor platform lowers these costs by making previously inaccessible data available to commercial and utility developers. With Grid Assessor, developers will get access to the poles, prices, people, and properties that make up local distribution systems in the United States. This reduces the time it takes project developers to find the best site while also providing them with the lowest costs and highest value.
Utilities are also reconciling network upgrade expenses due to renewable energy mandates and increasing solar and other distributed energy resources (DER) deployment. Kevala’s platform will help identify where DERs have high value and greatest probability of customer adoption. This will help utilities assess grid benefits from a mix of DERs at specific locations on local distribution systems, and create incentives for third parties to deploy DER assets where they provide grid benefits. In this way utilities can decrease capital expenditures and accelerate compliance with regulatory mandates at a lower cost.
“Smart technologies and analytics allow both utilities and the solar industry to use data to improve the grid for everyone,” said Nat Kreamer, CEO of Spruce and chairman of the board of the Solar Energy Industries Association. “The solar industry needs access to data to make the right investments for their customers and the grid, and Kevala’s ability to consolidate decentralized data will provide an invaluable roadmap for solar deployment in markets around the U.S.”
San Francisco-based Kevala is one of the new SunShot Technology to Market 2 awardees announced today by the Department of Energy.
Kevala provides data-driven insights for an evolving energy market by combining proprietary analytics with advanced grid mapping. We help new entrants target the best locations for distributed assets and provide decision support for utilities and policymakers managing a complex energy ecosystem. Users subscribing to our platform can explore, explain and discover impacts of all types of clean energy investments. We are unlocking the grid on a foundation of hard-to-get local electrical distribution data, demographic and building characteristics, environmental indicators and more. Kevala is the default decision engine for the energy+ economy in the United States.
About the SunShot Initiative
The U.S. Department of Energy SunShot Initiative is a collaborative national effort that aggressively drives innovation to make solar energy fully cost-competitive with traditional energy sources before the end of the decade. Through SunShot, the Energy Department supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour. Learn more at energy.gov/sunshot.