Exclusive distributorship of Gridquant software to help electric utility industry by letting them see clearly into the future
Columbus, OH., 25 June, 2013—Battelle
has agreed to extend its existing relationship with Gridquant
and become the exclusive distributor of Gridquant software in the United States, U.S. territories, Canada and India. Battelle holds an equity stake in Gridquant and its software tools, including the patented Holomorphic Embedding Load-Flow Method (HELM™), technology based on a unique, novel-approach algorithm.
Battelle will embark immediately on the launch of Gridquant’s new HELM-Flow product. HELM-Flow is the offline planning tool built on HELM that seamlessly integrates with existing tools such as PSLF and PSSe to allow greater insight into transmission modeling through enhanced visualization of grid conditions, easy identification of modeling errors/issues, advanced PV/QV analysis, and operationally feasible solutions all the way to the point of collapse. The new campaign signals Battelle’s expansion of solutions offerings to make the grid smarter, with key tools and support services in the distribution, transmission and demand response areas.
“Gridquant’s breakthrough technology fits perfectly with Battelle’s mission to make a difference in the world and solving what matters most,” said Spencer Pugh, General Manager of Battelle’s Energy and Environment Business Unit. “It is a great strategic fit with our existing portfolio of solutions in energy and environment. Battelle is very excited about playing a role in the widespread adoption of HELM tools throughout the electric utility industry.”
Gridquant physicist Antonio Trias Bonet invented HELM, which is unlike existing grid management tools that are less reliable because they don’t illuminate a clear path to certainty under times of grid stress. HELM tools provide a new way to solve power flow problems, giving grid operators new insights and visualizations of operational and planning cases, and unlocking the potential to find more reliable and efficient solutions to current and future problems. HELM-based applications are critical for reducing blackouts and saving money today and enabling the next-generation grid.
“Our expanding relationship with Battelle allows us to better bring our revolutionary new products and technologies to the market,” said Gridquant’s CEO, Ross Harding. “Battelle's deep technical, research and application knowledge in energy and the grid provides customers with the kind of hands-on support that allows them to get practical and valuable results from our products in their planning and operations.”
Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.
Gridquant Inc. develops and deploys tools to help manage our increasingly complex electrical grids. As complexity grows, so does system and operator stress. The current, iterative based methods for managing the grid are not up to the challenge. Utilizing the patented Holomorphic Embedded Load-flow Method (HELM), Gridquant has developed breakthrough capabilities for operating the transmission grid, even in the most stressed states.
For more information contact Katy Delaney at (614) 424-7208 or firstname.lastname@example.org, or T.R. Massey at (614) 424-5544 or email@example.com.