Schneider Electric and Workbench Energy enter partnership on energy management solutions
Collaboration hopes to enable large electricity consumers to manage energy consumption and usage during peak periods.
Research & Development
Technology / IIoT
MISSISSAUGA — On Mar. 25, Schneider Electric, an energy management and automation company, and Workbench Energy, a peak prediction and energy market operations platform, announced a partnership to bring integrated energy management solutions to Ontario. The partnership equips large-scale utility customers with the ability to monitor and manage their energy consumption around peak periods and greatly reduce their exposure to Ontario’s Global Adjustment (GA). For large electricity consumers, the GA can make up 50 per cent of their power bill depending on how much their peak energy use contributes to provincial peak demand.
“Schneider Electric is thrilled to partner with Workbench Energy, a company that shares our commitment to providing customers with accessible, efficient and sustainable energy management solutions,” said Hugo Lafontaine, Vice-President Digital Energy at Schneider Electric Canada. “Through this partnership, customers will have greater access to strategic, innovative solutions, including our EcoStruxure Power Monitoring Expert, empowering facilities to maximize uptime and operational efficiency. As energy management continues to evolve in Ontario, partnerships like this one will play a critical role in leading the industry forward.”
The partnership facilitates the real-time transfer of data collected by Schneider Electric’s Power Monitoring Expert (PME) solution to Workbench Energy’s platform. An element of EcoStruxure Power, PME leverages IoT connectivity and distributed intelligence to provide energy-intensive facilities with a look into to their digitized power network and can be installed on premise or in the cloud.
“We’re always looking for ways to provide our customers with value-added services to help them manage global adjustment costs and maximize their benefit from interacting with the power system,” said Cam Carver, Chief Executive Officer, Workbench Energy.
Schneider Electric and Workbench Energy’s partnership will hope to bring cost and energy-saving value to large industrial customers, commercial buildings, universities and energy-intensive segments like mining, minerals and metals. Customers and organizations currently on the GA will now have opportunities to explore Schneider Electric solutions in parallel to Workbench Energy.