Lysaker, Norway – NODES AS today announced a strategic partnership with GE Vernova’s Digital business to deliver innovative grid flexibility and market integration solutions for utilities. The partnership will empower Distribution System Operators (DSOs) with Digital’s GridOS® DERMS (Distributed Energy Resource Management System) and the NODESmarket Platform to accelerate the adoption of distributed energy resources (DERs) using a market-based approach.
As utilities worldwide navigate the energy transition, they face the challenge of balancing the need for grid reinforcement with non-wires alternatives to minimize costs for consumers. This is where transactive energy solutions, or DER flexibility markets, offer a compelling alternative to expensive network upgrades.
The partnership between GridOS DERMS and the NODESmarket Platform will align the two software offerings to better enable interoperability. GridOS DERMS is designed to provide advanced network and DER visibility for DSOs via software-enabled forecasting, identification of constraints requiring DER flexibility services, and optimized determination of the required flexibility at each location on the grid, including the low voltage grid. The NODESmarket Platform provides Flexibility Service Providers with the ability to enroll DER into distribution flexibility markets, review opportunities to offer flexibility to utilities and submit bids and offers. By connecting these two solutions through standard integrations, utility customers utilizing GridOS DERMS will be able to access flexibility on the NODESmarket Platform, unlocking an entirely new set of non-wires alternatives options for grid management.
“We are pleased that Digital and NODES AS are joining forces to help grid operators maximize DER opportunities,” said Mahesh Sudhakaran, General Manager for Grid Software at GE Vernova’s Digital business. “Distribution utilities leveraging GridOS DERMS for intelligent grid management will be able to leverage a new set of transactive energy capabilities via the NODESmarket Platform. This will enable them to unlock the true value of DER flexibility by providing native interoperability between GridOS DERMS and the NODESmarket Platform as a standard offering.”
NODES has successfully demonstrated how local flexibility markets in the UK, Norway, Sweden, Canada, and Germany can be used to alleviate congestion and deliver consumer benefits by utilizing the NODES market design and technology platform. NODES enables greater DER participation by making flexibility available to all levels of the grid, ensuring TSO-DSO coordination.
“NODES is excited by this strategic partnership with GE Vernova’s Digital business as we look to help accelerate the energy transition. Creating greater interoperability between the control room and the marketplace will be essential for unlocking the value of DER flexibility in the future,” says Richard Sarti, CEO of NODES.
The partnership between GE Vernova’s Digital business and NODES AS highlights the potential for utilities to incorporate transactive energy solutions into their grid operations. Leveraging their combined capabilities can help utilities optimize grid operations and reduce costs, all while utilizing a common language based on price, location, and volume to facilitate the efficient use of DER services. Utilities may be able to enhance their ability to integrate more clean energy sources, turning DERs into new grid levers at the most affordable cost.
About GE Vernova’s Digital Business
GE Vernova’s Digital business is putting data to work to accelerate a new era of energy. We deliver the platforms and intelligent applications necessary to accelerate electrification and decarbonization across the energy ecosystem – from how power is created, and how it is orchestrated, to how it is consumed. More than 20,000 customers around the globe use our software to help plan, predict, manage, and optimize operations today for a sustainable tomorrow. For more information, visit https://www.gevernova.com/
About NODES
NODES is a Norwegian technology company that is paving the way for a more sustainable future. NODES award-winning market design and NODESmarket technology platform is helping speed up the energy transition by unlocking the value of flexibility within the electricity network. For more information, visit www.NODESmarket.com
