#USA #San Francisco #Resource Innovations #Shifted Energy #Dermis Technology

Resource Innovations Acquires Shifted Energy

In a groundbreaking move for the energy sector, Resource Innovations (RI), a top-tier utility software and consulting platform, has announced its acquisition of Shifted Energy, a trailblazer in distributed energy resource management systems (DERMS) based in Honolulu. This strategic acquisition aims to establish the industry's first integrated turnkey utility demand-side management (DSM) and edge DERMS platform, delivering solutions that couple utility consulting with advanced technology.

With a significant surge in electricity demand expected to exceed capacity by nearly 200 gigawatts in the next few years, it has become imperative for utilities to ensure that energy remains reliable and affordable amidst soaring grid pressures. By acquiring Shifted Energy, RI positions itself as a central player in tackling these upcoming challenges, becoming the first firm to offer a fully managed technology service that meets these needs. This integration is not merely about technology; it’s also about a commitment to equitable energy solutions that align customer programs with grid operations like never before.

Lauren Casentini, the Founder and CEO of Resource Innovations, explains, “Our clients confront unprecedented challenges in balancing energy reliability with affordability against a backdrop of record load growth. The addition of Shifted Energy’s innovative capabilities allows us to enhance our offerings, enabling us to provide scalable and comprehensive DSM and grid-edge solutions to a broader range of customers than before. This is a pivotal step toward innovation in the energy landscape.”

Shifted Energy started its journey in Hawai'i, making its mark after the state adopted a pioneering 100% clean energy mandate. The company has focused on ensuring that renters and underserved communities benefit from clean energy access. Their flagship, Grid Maestro™ platform, transforms everyday devices into flexible, grid-edge power plants. This platform, which initially began with low-cost water heater controls, now optimizes a diverse array of devices including batteries, EV chargers, solar inverters, thermostats, and more.

The essence of Shifted Energy's operations lies in their approach to energy equity, achieving a balance between technological advancement and community benefit. With the integration into Resource Innovations, their goal is to scale these solutions to utility companies nationwide, emphasizing the importance of bringing cutting-edge technology to marginalized communities. As Forest Frizzell, Co-founder and CEO of Shifted Energy, states, “Joining forces with Resource Innovations allows us to amplify our mission to ensure clean energy solutions empower those often left behind. We’re grateful for our team, supporters, and partners who have been with us in our journey.”

By merging Shifted Energy’s DERMS technology with RI's consulting prowess, a new paradigm is being established in how utilities engage with their customers, manage energy demand, and foster load flexibility. This not only enhances grid management but also builds a more resilient and equitable energy future.

Conclusion

The acquisition of Shifted Energy by Resource Innovations represents a critical pivot in addressing the energy challenges of today and tomorrow. This collaboration aims to not only enhance the effectiveness of grid management solutions but also to underscore the vital importance of overcoming barriers for underserved communities in accessing clean energy. As the energy landscape continues to evolve, this position of leadership in integrated utility services places Resource Innovations at the forefront of the energy transition, promising a more sustainable future for all users of energy.