mPrest and EDF Renewables announce a teaming agreement
mPrest’s mDERMS platform enables EDF Renewables to act as a Virtual Power Plant (VPP), optimize its trading and maximize the company’s revenues from electricity produced in production facilities according to the respective energy market models, and minimize energy purchase costs by planning generation to match customer profiles and market prices.
PETACH TIKVA, Israel, Feb. 4, 2024 /PRNewswire/ — mPrest, a leading developer and provider of dynamic grid aware, as well as Behind the Meter, Distributed Energy Resource Management Systems (DERMS), has been chosen by EDF Renewables Israel Ltd., a subsidiary of EDF Renewables SA, an international energy company which develops, builds, and operates renewable power generation plants, and is a leader in the competitive renewable energy market, as its DERMS platform for the purpose of managing and optimizing its distributed solar and storage assets profits.
EDF Renewables Israel is the leading company in the growing competitive distributed energy market in Israel. To maximize its trading profits between the energy market, distributed generation and storage, and energy sales to customers, EDF Renewables Israel requires a sophisticated Virtual Power Plant (VPP) platform. Said platform goes beyond a standard VPP platform. It acts as a “system of systems” orchestration platform, integrating with all distributed generation, as well as with multiple Energy Management Systems (EMS’) at large …
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