The Electric Storage Company (TESC) increases investment in KX’s real-time analytics platform to deliver cheaper, smarter, and greener electricity to customers.
KX provides the data management and analytics technology underpinning TESC’s Predictive Analytical Renewables Integration System (PARIS) platform. PARIS analyses data to accurately predict future energy usage within homes and businesses, specifically when energy is needed and if it can be generated by TESC customers.
Managing Director Eddie McGoldrick commented: “We’re seeing substantially greater demand from customers and businesses who are both concerned with rising energy prices but also keen to adopt greener practices, whether through personal choice or forced to do so by regulation and client procurement pre-requisites.”
RELATED: Heron Bros Deliver Power Boost for The Electric Storage Company with Significant Investment
KX enables The Electric Storage Company (TESC) to capture, store and analyze customer data anytime, anywhere – delivering the insight and context needed to make faster, better-informed decisions. PARIS then automatically makes an informed decision on whether to use renewable energy as it is generated, store it to use later, or help maintain network services thus generating new income streams from the customers’ own renewable energy.
PARIS also enables customers to gain insight into their energy usage including real-time consumption and production data, as well as their savings, which can be quite significant. Typically TESC customers can reduce energy costs by up to 70%, as well as CO2 emissions, helping businesses remain compliant with an ever-growing burden of ESG reporting and regulation while also being able to navigate the growing demand to comply with greener practices.
Source: Written from a press release.
