Click here to close now.


News Feed Item

Veriown Energy Awarded Multi-Million Dollar Federal Grant to Boost Solar Development in Virgin Islands

Chicago Company Teams With Major Institutions to Transform Economies Through Innovative Microgrid Solutions

CHICAGO, IL--(Marketwired - May 12, 2014) - Veriown Energy will receive a $3 million federal grant from the USDA High Energy Cost Grant Program designed to provide financial assistance for the improvement of energy generation, transmission, and distribution facilities servicing eligible rural communities. The grant will allow Veriown the ability to deploy a microgrid application on the University of the Virgin Islands campus to enhance their current 3-megawatt solar installation. 

Fifty-five applicants from around the US went after the $11 million USDA High Energy Cost Grant. Together, Veriown and Illinois Institute of Technology (IIT) had the highest rated proposal and were awarded $3 million to apply to the project.

The 20-year power purchase agreement signed last July between Veriown, New Generation Power (NGP) and University of the Virgin Islands (UVI) allows the project to be taken to the next phase, which will help reduce energy costs by more than 50 percent and will be built out on both of the university campuses.

Expensive electricity costs have taken a toll on the Virgin Island (VI) economy. The average electricity consumer in the territory pays more than 50 cents per kilowatt-hour -- four times more than consumers on the US mainland.

"Because of this grant, the University of the Virgin Islands, with the tremendous assistance of Veriown Energy and Illinois Institute of Technology will be in a position to become energy independent in an environment where the cost of energy is extremely high. This partnership will catapult UVI into the category of the leading universities in smart microgrid technology," said Dr. David Hall, President of the University of the Virgin Islands.

The relationship between Veriown and Dr. Mohammad Shahidehpour, a leader in advanced energy studies and microgrid development at IIT's Robert W. Galvin Center for Electricity Innovation, blossomed five years ago after discussing the true potential of what a microgrid system could do on a campus setting. 

"This grant signifies a strong synergy between the government, academia, and the energy industry for promoting the state-of-the-art research and development on sustainable energy, energy efficiency, and microgrids which can serve as a role model for advancing the United States leadership in the global energy arena," said Dr. Shahidehpour.

According to Steve Johanns, CEO of Veriown, a university is the optimal place to develop a microgrid system, not just because of its campus setting, but because it can be an institution to foster and train our youth in innovative microgrid solutions that could change how energy is harnessed for future generations to come. 

"This grant will have a real and significant impact on the total cost of energy for the University of the Virgin Islands," said Johanns. "It should not go unnoticed that these savings allow universities like UVI the ability to put the money where it is needed the most with teachers and students enhancing learning environments."

The grant follows just weeks after a $30 million donation from Veriown's parent company, New Generation Power (NGP), a global renewable energy company, to the UVI to help develop an LCME accredited medical school on the UVI campus that will help transform the quality of life throughout the region.

For more information on Veriown Energy, please visit


Veriown Energy helps businesses, universities, governments and other institutions harness their on-site distributed solar, other forms of distributed energy, and lock in long-term, predictable energy rates with little to no capital expense. Veriown is an innovation leader in providing tailored distributed energy solutions and advanced micro grid systems, scaling a program to encompass a single campus up to hundreds of buildings throughout the United States. Veriown partners with leading research institutions and Fortune 500 companies to stay on the cutting edge of innovation -- giving their customers an efficient, reliable, clean and sustainable distributed energy supply to help them succeed.

The following files are available for download:

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
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
The APN DevOps Competency highlights APN Partners who demonstrate deep capabilities delivering continuous integration, continuous delivery, and configuration management. They help customers transform their business to be more efficient and agile by leveraging the AWS platform and DevOps principles.
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, will look at di...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/...
NHK, Japan Broadcasting will feature upcoming @ThingsExpo Silicon Valley in a special IoT documentary which will be filmed on the expo floor November 3 to 5, 2015 in Santa Clara. NHK is the sole public TV network in Japan equivalent to BBC in UK and the largest in Asia with many award winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology covering @ThingsExpo Silicon Valley. The program will be aired during the highest viewership season of ...
SYS-CON Events announced today that Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Luxoft’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
According to Forrester, public cloud platforms are evolving, blurring the lines between Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS) in order to satisfy the needs of enterprises and widen their appeal to developers. In The Forrester Wave™: Enterprise Public Cloud Platforms, Q4 2014, Forrester evaluates the 16 most significant Enterprise Public Cloud Platforms and details how each vendor fulfills the 19 evaluation criteria points.
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, foc...
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
The modern software development landscape consists of best practices and tools that allow teams to deliver software in a near-continuous manner. By adopting a culture of automation, measurement and sharing, the time to ship code has been greatly reduced, allowing for shorter release cycles and quicker feedback from customers and users. Still, with all of these tools and methods, how can teams stay on top of what is taking place across their infrastructure and codebase? Hopping between services a...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
The cloud has reached mainstream IT. Those 18.7 million data centers out there (server closets to corporate data centers to colocation deployments) are moving to the cloud. In his session at 17th Cloud Expo, Achim Weiss, CEO & co-founder of ProfitBricks, will share how two companies – one in the U.S. and one in Germany – are achieving their goals with cloud infrastructure. More than a case study, he will share the details of how they prioritized their cloud computing infrastructure deployments ...
Recently announced Azure Data Lake addresses the big data 3V challenges; volume, velocity and variety. It is one more storage feature in addition to blobs and SQL Azure database. Azure Data Lake (should have been Azure Data Ocean IMHO) is really omnipotent. Just look at the key capabilities of Azure Data Lake: