Welcome!

News Feed Item

Eco-Shift Power Corp (ECOP) Partners With Buffalo Watt to Provide Smart Demand Response Management Software

CAMBRIDGE, ONTARIO -- (Marketwired) -- 03/03/14 -- Eco-Shift Power Corp (ECOP) has signed a Letter of Intent (LOI) with Buffalo Watt to build its exclusive software program. A leader in the design and development of energy efficiency and management software, Buffalo Watt is an integral part of ECOP's virtual power plant platform that will provide a truly sustainable profit center for its clients.

The virtual power plant platform will provide commercial/industrial energy users with the ability to transform their facilities into smart, energy efficient and cash-flow-positive buildings. This is accomplished by ECOP's state-of-the-art, IP-addressable light fixtures that will have wireless communication. ECOP's software platform can then communicate with these lights and reduce energy when there is a peak demand event based on the software-embedded algorithms managing the facility. This service will be managed by Eco-Shift Power on a 24/7 basis.

With a foundation in new-era LED lighting, as well as wireless and web-enabled technologies, Eco-Shift Power will be capable of transitioning clients' buildings from old fixed technology to the new information age, via ECOP's proprietary software.

"Our new demand response and load shedding software will provide our clients the ability to reduce electricity consumption to offset peak-demand events and participate in government energy rebate programs," says ECOP CEO Gib Wood. "Our platform and software will meet the needs of the emerging two-way partnerships between utilities and consumers, as well as develop new three-way partnerships between utilities, consumers and Eco-Shift Power."

Eco Shift Power's virtual power plant platform improves a building's lifespan and performance by "identifying problems when they occur and provides instant energy efficiency plus real-time remote control of facilities' energy, anywhere in the world," says Wood. "By implementing the platform, we provide real cost savings, reduce emissions and enhance the environment of the building and the productivity of its occupants by making it safer and more efficient, resulting in better quality control output."

"Our customers save money while evolving their facilities towards smart buildings. That gives them significant financial and competitive advantages," says Wood. "Customers such as Costco, Thyssen Krupp and BMW have been able to reduce energy costs-often by more than 50%-improve carbon footprint, monetize their lighting and HVAC assets and become financially agile in an ever-changing, volatile energy marketplace."

Eco-Shift Power and Buffalo Watt's leadership bring over 100 collective years of specialized expertise on energy markets, energy conservation, smart building development, regulatory knowledge, government & utility incentive programs, software intelligence and a broad based network of energy industry relationships that can be leveraged to bring solutions and truly sustainable profits to their clients throughout the world.

Enabling Demand Response Programs

Demand response (DR) programs are evolving due to the high cost of energy and to the ever-increasing need to reduce environmental footprint.

By enabling client participation in government-sponsored demand response programs, the Eco-Shift Power virtual power plant platform can create re-occurring revenues. During a period of high electricity demand a 'push of a button' by Eco-Shift Power reduces a client's energy costs and delivers revenue every time they curtail their energy load. "We call that truly sustainable profits," says Wood. "Saving energy and money at the same time."

According to Navigant Research, "As old coal and nuclear plants close, clean replacements are needed that can be online quickly. Conversely, as large-scale intermittent renewable resources like wind and solar power fill in this gap, they require backup solutions when the wind is not blowing and the sun is not shining. Both of these situations call for flexible resources, and automated demand response (ADR) has great promise to meet these needs."

As the power grid moves away from traditional central power plants and toward more distributed energy resources, DR is a growing part of the resource base that electric system operators use to maintain grid reliability. Navigant predicts the number of ADR-equipped sites worldwide will grow from fewer than 217,000 in 2014 to more than 1.9 million by 2023.

About Buffalo Watt

Based in Buffalo, NY, Buffalo Watt has been building and delivering leading-edge software and technology solutions for the last 20 years. Learn more about the company's solutions at http://buffalowatt.com/.

About Eco-Shift Power

Headquartered in Cambridge, ON, Eco-Shift Power Corp. (ECOP) develops best-in-class commercial/industrial lighting products, wireless energy management technologies and solutions implementation. As an emerging technology smart building energy management facilitator, ECOP procures, assembles, sells and distributes high-efficiency lighting products, along with other integrated energy management products such as online monitoring and verification reporting tools, direct load controls, activity monetization instruments, and demand response. All are delivered via Software-as-a-Service (SaaS).

Core ECOP competencies include LED expertise, microprocessor/Transmitter/wireless capability - with IP addressability creating an intelligent light and a sustainable management service platform that includes five areas for client revenue generation or costs savings:


--  reduce load during peak pricing
--  manage demand response programs
--  manageability of fixtures to reduce load
--  security
--  maintenance and management

Learn more at http://eco-shiftpower.com/.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...