Direct Energy Business Enters Into Exclusive Partnership with Panoramic Power for Wireless Energy Monitoring and Analytics Solution

Wireless sensors and cloud-based analytics improve operational efficiency and reduce energy consumption

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Jun 04, 2014, 10:00 ET

PITTSBURGH and NEW YORK, June 4, 2014 /PRNewswire/ -- Direct Energy Business entered into an exclusive partnership with Panoramic Power to offer a quickly deployable and cost effective device-level energy monitoring and analytics solution to Direct Energy Business customers to improve operational efficiency, reduce energy consumption, and provide the necessary visibility into operations and energy consumption needed for demand response commitment. The self-powered, non-invasive miniature wireless current sensors monitor energy consumption at the individual circuit breaker level, and link energy data to the cloud in real-time. Cloud-based data analytics and storage provide real-time alerts via email or text message to highlight anomalies in energy consumption. Value reports are also periodically generated to provide actionable insights, benchmarking and ensure energy goals are met.

The energy solution offering is recommended for Direct Energy Business customers throughout North America, across a wide range of verticals, ranging from multi-site retail organizations to industrials and large commercial operations. Due to the ease of installation of the Panoramic Power solution, the offering is applicable for customers with high energy costs that require visibility into circuit-level energy consumption. The solution integrates and also works well with building automation systems.

"This solutions offering will give our business customers the insights they need to take more control of their energy usage without spending capital dollars," said Todd Sandford, head of solutions, Direct Energy Business. "There is no upfront capital cost or expense, and the product can be deployed within hours. This is another tool our customers can use for total energy management."

The solution offering can help prevent equipment performance drift, provide alerts when an asset needs to be maintained or tuned, share real-time energy waste alerts, lower peak demand, proactively detect equipment failure, and enable granular benchmarking analysis.

"We are pleased to partner with Direct Energy Business and look forward to providing significant value to their customers with our unique, device-level energy management solution," said Yaniv Vardi, CEO, Panoramic Power. "Our partnership will allow Direct Energy Business customers to accelerate the execution of their energy programs with unmatched visibility into energy consumption and operations, reducing energy consumption, and enabling control over real time pricing."

About Direct Energy

Direct Energy is North America's largest provider of heating and cooling, plumbing and electrical services and a leading energy and energy-related services provider with over 6 million residential and commercial customer relationships. Direct Energy provides customers with choice and support in managing their energy costs through a portfolio of innovative products and services. A subsidiary of Centrica plc (LSE: CNA), one of the world's leading integrated energy companies, Direct Energy operates in 46 U.S. states plus the District of Columbia and 10 provinces in Canada. To learn more about Direct Energy, please visit www.directenergy.com.

About Panoramic Power

Panoramic Power, the leading provider of device level energy management solutions management services, enables businesses to optimize their energy consumption, improve operational efficiency and generate income through load response programs. Using its innovative and affordable circuit-level cloud-base analytics solution, companies across a wide range of retail and commercial industries gain insight into their energy usage and are able to optimize operations, processes and maintenance resources. For more information, visit www.panpwr.com.

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SOURCE Direct Energy