World Energy Consortium (WEC) is an optimization software technology company, with research roots from MIT which transforms buildings to grid-interactive buildings and creates Virtual Power Plants (VPPs) by aggregating demand capacity of IoT smart devices and other Behind the Meter Distributed Energy Resources (DERs) such as PV solar, batteries and Electric Vehicles. It delivers Real World Energy Solutions and Technologies such as:
- Creation of Virtual Power Plants for wholesale and retail market participation
Wholesale energy markets have been operating based on transactive energy principles for decades; that is reacting in real-time to demand and price fluctuations via actual operating spot markets. However, for the first time now we have the potential to disrupt the utility-centric business model, apply the transactive energy principles to utility distribution systems and business models, and to utility-customer relations – all enabled by the growth of DERs and the IoT revolution. The global electricity system is driving towards a future full of DERs, physically located everywhere, in all shapes and sizes, both in front and behind the meter. This transformative transition is, in turn, creating customers who are both savvy producers and consumers of electricity (“prosumers”).
- Distributed Energy Resource Management System (DERMS)
DERMS is used to optimize Energy Efficiency, Demand Response, Distributed Photovoltaic (PV), Battery Storage and Electric Vehicle (EV) Charging.
- WEC Gateway (WECKit)
The WEC gateway was designed for the entire building rather than per apartment unit, this has never been done before, saving many thousands of dollars overall on outfitting the building
- Transactive Energy Platform
WEC’s Emporium Transactive Energy Platform revolutionizes the relationships between customers, energy companies and the grid under the new emerging transactive energy paradigm.
- End-user mobile app (WECHOME)
