Helps utilities improve reliability by analyzing power quality data
BURNABY, BC – March 24, 2021 – Smart grid technology leader Tantalus Systems (TSXV: GRID) today launched TUNet® Grid Reliability Analytics, the company’s first data-analytics solution purpose-built for community-owned utilities. The analytics solution leverages data from Tantalus’ advanced metering infrastructure (AMI) to provide utilities with visibility into power quality issues that lead to outages and premature failure of devices deployed across the distribution grid.
TUNet Grid Reliability Analytics utilizes algorithms to continuously monitor power-quality data accessed by TRUEdge®-enabled meters on Tantalus’ TUNet smart grid platform. By detecting anomalies in power quality, the tool identifies symptoms of failing transformers, corroded meter sockets and splices, cracked insulators and other latent equipment problems. In addition to improving system reliability, the TUNet Grid Reliability Analytics tool enables utilities to:
- Better prepare for extreme weather events;
- Increase work-from-home customer satisfaction;
- Save on equipment and operating costs; and
- Gain true operational awareness.
Tantalus developed the analytics tool in conjunction with several existing members of its user community. “Before accessing the TUNet Grid Reliability Analytics tool, we didn’t know if a line was blinking unless it was happening at a substation or feeder level or someone called to complain,” said Matt West, manager of engineering for Crow Wing Power in Brainerd, Minnesota. “Now, we can be proactive in solving problems that impact the members of our co-op.” In addition to increasing member satisfaction, Crow Wing is already reducing the overtime costs associated with late night outages and truck rolls.
“Tantalus prides itself on delivering purpose-built solutions that meet the specific needs of utilities and the communities they serve,” said Tantalus President & CEO, Peter Londa. “The TUNet Grid Reliability Analytics tool was co-created with utilities to pinpoint the location of momentary outages that are increasingly disruptive and expensive for utilities, particularly given the number of people working remotely and students studying at home. Our latest innovation is leveraging over 30 billion power quality and consumption readings each year across our user community to help utilities improve their service to their communities while also prioritizing where to make more impactful upgrades to the existing grid.”
The TUNet Grid Reliability Analytics tool will be presented at the Getting Ahead of Distribution Problems with Grid Edge Analytics session during the American Public Power Association Engineering and Operations Virtual Conference on March 24, 2021 at 2:30 p.m. Join Tantalus in our virtual booth for more information and to schedule a virtual demonstration. To learn more, download the white paper: “Intuitive AMI Analytics for Greater Reliability and Efficient Operations.” Learn more about TUNet Grid Reliability Analytics here. >>
About Tantalus Systems Holding Inc. (TSXV: GRID)
Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity. All this gives our user community the flexibility they need to get the most value from existing infrastructure investments while planning for future requirements.
Forward Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the development, functionality and effectiveness of TUNet Grid Reliability Analytics, and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this new release is expressly qualified in its entirety by this cautionary statement.