Archive for 2018

DC Systems Secures $4 Million in Growth Funding from WindSail Capital

Funding to accelerate commercial deployment of its real-time monitoring, aggregation and control software for distribution assets and distributed energy resources.

REDWOOD CITY, Calif., Oct. 16, 2018 / PRNewswire

DC Systems, a leader in utility-grade smart energy applications for optimizing grid operations, announced today a growth capital raise of $4 million led by WindSail Capital Group, a Boston-based investment firm focused on energy innovation and sustainability.

 


“With a committed capital partner like WindSail, I am confident that we will bring new and innovative technologies to market in order to help our customers meet the challenges of today’s changing grid,” said Kenneth Munson, newly appointed Chief Executive Officer of DC Systems.


 

“We are pleased to support DC Systems at a critical time as the industry shifts to a more intelligent grid with significant distributed generation,” said WindSail Capital’s Managing Director, Michael Rand. “Everyone on the WindSail team looks forward to working with the board and management team to help solve some of the most difficult challenges in the electric industry with real-time data acquisition, analysis and control.”

Funding will support the company’s deployment of its Real-Time Smart Energy Suite™ applications that dynamically optimize grid operations and allow utilities to efficiently scale distributed energy resources and distribution automation with superior real-time performance.”

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About DC Systems
DC Systems has been a trusted partner to utilities, EPCs, large power producers and energy users since 1990 and has more than 100 utility customers and 400 projects worldwide. DC systems provides utilities, EPCs and developers a flexible and scalable product suite that embeds real-time intelligent control, secure communications and monitoring of centralized and aggregated decentralized grid assets. DC Systems is headquartered in Redwood City, CA and customers include Southern California Edison, Sempra Renewables, Alliant Energy, Pacific Gas & Electric (PG&E), Austin Energy, Potomac Electric Power, Chevron, Shell, and Silicon Valley Power. For more information, please visit www.dcsystems.com or contact press@dcsystems.com.

 

About WindSail Capital Group
WindSail Capital Group is a Boston-based investment firm that provides growth capital to early stage commercial businesses advancing energy innovation and sustainability. WindSail’s unique approach offers companies flexible and creative capital solutions that meet their specific needs while facilitating growth and minimizing dilution. WindSail typically invests $2.0 to $10.0 million in each transaction. For more information, please visit www.windsailcapital.com


DC Systems Names Kenneth Munson Chief Operating Officer

Leading developer of smart grid software accelerates growth strategy with appointment of distributed energy expert.


DC Systems, Inc., a leading provider of integrated software solutions for power systems and grid-operators, is pleased to announce the addition of Kenneth Munson as the company’s Chief Operating Officer.

In his new role, Munson will bring valuable leadership experience during a period of rapid growth for DC Systems. Munson will lead operations and engineering and be responsible for driving the company to achieve and surpass sales, profitability, cash flow and business goals and objectives. Additionally, Munson will spearhead the development, communication and implementation of an effective global growth strategy with utilities, EPCs, developers, and large power generators.


“I have tremendous confidence in Ken’s ability to align DC Systems’ world-class innovation engine and partnerships with industry-leading operational practices to extend our market and product leadership.”

~Doug Campbell, CEO, DC Systems


“Ken is a seasoned and trusted leader who has consistently delivered results in his professional career. He is uniquely qualified to drive strategic prioritization and accountability within DC Systems, with a laser-focus on operational excellence and revenue growth,” said Doug Campbell, co-founder and CEO of DC Systems. “I have tremendous confidence in Ken’s ability to align DC Systems’ world-class innovation engine and partnerships with industry-leading operational practices to extend our market and product leadership.”

Munson has extensive experience creating, commercializing, and scaling disruptive technologies including cloud-based demand management systems, grid analytics, intelligent energy storage and industrial automation. Most recently, Munson was CEO of Sunverge Energy, a startup he co-founded in 2009 that provides a cloud-based platform for managing fleets of intelligent energy storage systems and virtual power plants serving utilities and consumers in the US, Canada and Australia.

“DC Systems is well positioned to be a disruptive force in the market. The energy industry is going through tremendous change. Traditional grid management systems and distributed energy resource management systems are converging as more consumers generate their own power, cities adopt microgrids, and more renewable energy comes online,” said Munson. “With DC Systems’ 28-year history working with utilities, developers and EPCs, the company has gained a unique and valuable perspective on customers’ needs as they compete in the evolving energy market.”

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About DC Systems
Since 1990, DC Systems, Inc. (http://www.dcsystems.com) has been a trusted partner to utilities, EPCs, large power producers and energy users, with more than 100 utility customers and 400 projects worldwide. DC Systems develops utility-grade, vendor-agnostic, real-time software for power system and grid-interconnection, telemetry, analysis, monitoring, control, and communication gateways. The company’s Real-Time Smart Energy SuiteTM (RT|SES) applications dynamically optimize grid operations, from edge devices to substations to control centers and solve some of the electric industry’s most difficult challenges with the real-time data acquisition, analysis and control. The company provides solutions for distribution automation, grid reconfiguration and restoration, conservation voltage reduction, load balancing, substation automation, and the coordination of enterprise data and control across multiple utility OT and IT systems. Applications include SCADA, Substation Automation, Distribution Automation solutions such as Auto-Sectionalizing and Restoration, and Distributed Energy Control Systems for energy storage, Virtual Power Plants, DERMS, and Microgrids.

Small Sonoma Winery Wins Big Environmental Award

For Immediate Release

Contact:  Dan Gustafson, 707.363.0963, dangustafson@me.com

Small Sonoma Winery Wins Big Environmental Award

High-end Cab producer’s MicroGrid garners Governor’s honor

 

Stone Edge Farm Estate Vineyards and Winery has received California’s highest environmental honor, the Governor’s Environmental and Economic Leadership Award (GEELA).

 

The small, highly acclaimed Sonoma producer of first-growth Bordeaux-style Cabernet Sauvignon was recognized for “Sustainable Practices, Communities or Facilities,” one of five categories of the annual award administered by the California Environmental Protection Agency and presented in Sacramento.

 

Click on the map above for an interactive tour of this project.

The GEELA program honors individuals, organizations, and businesses that have demonstrated exceptional leadership and made notable, voluntary contributions in conserving California’s precious resources, protecting and enhancing our environment, building public-private partnerships and strengthening the state’s economy.

 

“This year’s GEELA recipients are demonstrating exceptional leadership in addressing some of our most significant environmental challenges,” said Matthew Rodriguez, the state’s Secretary for Environmental Protection. “Whether it’s fighting climate change, conserving our water supplies or reducing waste, they inspire us with their creative and collaborative approaches. Their success expands our view of what is possible. Collectively, they are proving that healthy environment is inextricably linked with a vibrant economy.”

 

Stone Edge Farm is the 16-acre residence of Mac and Leslie McQuown. The farm produces organically grown wine grapes, over 100 varieties of heirloom vegetables, fruit, olives, herbs, flowers, eggs, and honey. Two other organic estate vineyards, Silver Cloud and Mt. Pisgah, contribute fruit from the hillsides of the Mayacamas Mountains to the winery’s flagship Cabernet Sauvignon and “Surround,” a blend of Cabernet Sauvignon and Merlot for early drinkability.

 

Stone Edge is also a self-proclaimed “demonstration farm for what is possible,” at the cutting edge of soil, water, air and energy conservation. Cover crops and extensive composting ensure soil and plant health, and monitoring technologies have cut water use in half, but the most dramatic results in air and energy conservation have come from the Stone Edge Farm MicroGrid (SEFMG).

 

To demonstrate how far below zero carbon emissions the farm could go, and to establish clean, economical energy independence, over the past four years the McQuowns and Wooster Engineering developed the MicroGrid. This open source project stores electricity from solar panels in seven different battery technologies as well as in the form of hydrogen gas. The hydrogen is stored until needed, either to make electricity in fuel cell hives or to power fuel cell cars. The marginal cost of the hydrogen is zero, and the by-product of its use is pure water.

 

“When the farm underwent a precautionary evacuation during the October 2017 wildfires in Sonoma, the MicroGrid “islanded,” or ran independently from the utility grid,” according to Craig Wooster, SEFMG project manager and general contractor. “So the farm continued to operate smoothly, including powering irrigation pumps, while surrounded by power outages for over a week, monitored from afar by cell phone.”

 

Wooster accepted the GEELA award along with five interns currently working on the SEFMG. Since the project’s inception, 55 paid interns from a wide array of colleges and universities have participated in its development.

 

Stone Edge Farm Estate Vineyards and Winery is a partnership begun in 2004 by Mac McQuown with Phil Coturri, pioneer organic viticulturist, and Jeff Baker, veteran winemaker previously at Mayacamas and Carmenet Wineries.

 

McQuown led a team, including five future Nobel laureates in economics, who created the first stock index fund in 1970, and he is co-founder of six highly successful financial service companies. A lifelong fine wine collector, McQuown also co-founded the Chalone Wine Group in 1970 and Carmenet Winery (now Repris) in 1980.

 

A widely known environmentalist and philanthropist, McQuown sits on advisory councils of the University of Chicago’s Booth School of Business, the UC San Diego Scripps Institution of Oceanography, and the Esalen Institute’s “Track Two,” an Institute for Citizen Diplomacy. 

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Visit Stone Edge Farms Microgrid Project: http://sefmicrogrid.com/