Invenia | Devex

About

Invenia uses machine learning to improve the operational planning of electricity production and distribution, improving reliability, efficiency, transparency, and pollution.

PROBLEM

Electricity can not be efficiently stored. Power lines and transformers have limited capacity to carry power. Equipment on the grid can fail unexpectedly. Power generation is not scheduled accurately. Power use is not accurately anticipated. Electricity supply and demand must be balanced at all times.

IMPLICATIONS

Power lines get congested when nearing thermal limits, which means that power to serve some location must be sourced from more distant or expensive generators. Sourcing power from alternative sources to meet the unexpected demand, is expensive and can be operationally risky. Tapping into environmentally unfriendly sources leads to increased greenhouse gas emissions and pollution that is harmful to human health.

IMPACT

Increased reliability of the grid by helping create a better plan for one of the most complex systems ever created. Decreased greenhouse gas emissions and harmful pollution. Reduced waste and improved economic efficiency leading to lower electricity rates for those most in need.

ELECTRICAL GRID CHALLENGES

Electricity cannot be economically stored at utility scales. Supply and demand must be balanced at all times, and the structure of the transmission grid massive amounts of inefficiency. In order to deal with these issues, and to ensure reliable access to power, the global standard is to centralize control under System Operators, who coordinate the grid for electric utilities. The efficiency of the electricity grid is also of fundamental importance for achieving lower carbon emissions, and reducing the impact of coal and natural gas pollution on human health.

WASTE AND POLLUTION

Electricity is the source of 25% of global CO2 emissions and billions of dollars in economic waste. The US electricity sector alone emits 2 billion tons of CO2 yearly, accounting for 38% of the country's total energy related CO2 emissions (2013)٭, power plants were responsible for 64% of SO2 emissions,16% of NOX emissions, 40% of CO2 emissions, and 68% of mercury air emissions in the US. The human health impacts are on par with traffic accidents.

What Invenia Does

Already successfully deployed from coast to coast in North American electricity grids, Invenia is actively growing and looking at expanding electrical grid optimization work globally. Invenia interacts directly with the grids, helping to plan for generation, flow and use of electricity in advance of real time operations. They helps the system operators to optimize the power grid to ensure reliability, efficiency, transparency, while reducing harmful emissions.

Type of organization

Independent/None Service Providers

Canada

1 office

https://www.invenia.ca/

Type of organization

Company Offices