Nov 18 2009
Servidyne has announced the development of a demand response system under the “Fifth Fuel Element” brand name. The company’s well credited energy efficiency programs, practices and its owned technologies have together helped in the development of this technology-driven and all-encompassing system, which leverages the company’s expanded iTendant web platform for achieving real-time energy monitoring, optimization and demand response.
The increasing imbalance in the availability and requirement for electric power in the United States is fueling the demand for such demand response systems.
A pilot program to evaluate the effectiveness of the system was conducted in many large and expensive hotels in the country. This test was conducted to understand the functioning of the demand response system during the busy hours of the hotels and how effectively the system can monitor and control energy usage levels during peak times.
Subsequently, Servidyne began promoting the Fifth Fuel Element system to retail outlets, hotels, commercial establishments, institutional buildings and light industrial facilities, in addition to selling to utility companies.
Alan R. Abrams, President, Chief Executive Officer of Servidyne, remarked that in light of the immense potential for this new product, his company is working towards developing a complete solution, which will combine demand response technology with energy efficiency. The availability of such a product, in turn, is expected to open up Smart Grid networks in the country.
Abrams further stated that Fifth Fuel Element will provide the company with an expandable recurring revenue stream and will indeed become a vital element in its portfolio of efficiency improvement solutions. The solution has been designed to serve as a reliable and cost effective method for electricity providers to help their large building customers involve in demand response activities at optimal levels, and derive higher returns on energy efficiency investments.
According to Abrams, there is great scope for the growth of the Fifth Fuel Element as a study conducted by the Lawrence Berkeley National Laboratory of the US Department of Energy highlights that the United States will experience an increase in the number of energy efficiency programs that are funded by taxpayers and sponsored by utilities, in the coming years.
Source: www.servidyne.com