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Filtering by Tag: MISO

When $10 Million Shows Up in Your Bank Account . . .

Gregg Dixon

funding.jpg

Today, Voltus got a little pocket money (PR Newswire). It's creating quite a bit of buzz in the industry (Greentech Media) and we're grateful for the attention it's getting.

The back story is pretty simple: a few of us put our nose to the grindstone for a year, built a great technology, signed up a bunch of customers, generated profits, and attracted the interest of investors who really liked the focused business model we developed to attack a huge, underpenetrated market where the competition wasn't innovating or fully serving customers.

But what's the secret to our success and how do we plan to extend this success with $10 million in the bank? First, our success to date is simply a matter of attracting bright, gritty, and good people who are passionate about solving energy challenges. Second, our vision is simple: deliver more demand response dollars to the bottom line for our customers than anyone in the industry . . . less energy, more cash. Put the people and the vision together and get out of the way!

This simple model has us doing three things: we build product, we sell product, and we deliver cash to customers. This aligns with how we differentiate: we have a best-in-class technology platform that unlocks every possible revenue stream for our customers, we have a transparent, no-cost, no-risk, single page commercial agreement that makes it easy for our customers to do business with us, and we are world leaders in understanding energy markets and demand response which allows us to more than double the value customers get from what they've been doing in the past.

So, for our part, Matt and I sell. We evangelize. That's us at the Crowne Plaza in Springfield, Illinois last week in the midst of a Monday morning through Friday evening road trip. We crossed paths in Springfield, signed our funding documents, snapped a pic with the front desk attendant, and went our separate ways, Matt to Peoria, I to Champaign-Urbana. We'll sign up a dozen or so new customers from that trip.

We're pretty sure that our competition's CEO and President don't do this. We're pretty sure they don't commit to delivering 100 MW individual sales quotas each year. Because selling is hard, yet it's the single most valuable thing a company does in a growing market. And Matt and I love to do it . . . we love to meet our customers . . . at their steel plants, their wastewater treatment plants, their grocery stores, their data centers . . . we love to see the pride they take in their work . . . we love to forge new friendships . . . we love to learn about their unique challenges . . . we love to tell the Voltus story . . . and we love to pay our customers to use our product to help them make their businesses stronger.

Our team has a clear plan on how to turn that $10 million into $100 million in short order by delivering exceptional value to customers. You can be sure that Matt and I will be on the road doing our part to help our team get the cash to the customers.

Giddy up!

Use of Demand Response Reduces Energy Costs, Creates Jobs in Illinois

Gregg Dixon

SPRINGFIELD, ILLINOIS, September 13, 2017 - Voltus, Inc., a leading provider of cash-generating energy products, announced today that it has been selected as one of only two winning suppliers of the Illinois Power Agency's Midcontinent Independent System Operator Zone 4 capacity procurement. Voltus’s commercial, institutional, and industrial demand response network now totals nearly 600 MWs in the MISO portion of Illinois and has helped the average C&I customer’s energy costs decrease by nearly $50,000 annually. The targeted 826 MWs of capacity procured in this process was for planning years 2018/2019 and the award to Voltus is the first time a demand response provider has won a contract in the Illinois Power Agency procurement process, which began in 2007. Additional details on the RFP results are found at: https://www.ipa-energyrfp.com/?wpfb_dl=1382.

"Our C&I-focused demand response network in Illinois has delivered tremendous savings to customers, significantly reducing capacity prices that amount to 30% of a customer's annual energy bill," said Gregg Dixon, CEO of Voltus. “What we find most interesting is that the recent IPA procurement secured capacity at 10% of the cost of the well-known subsidies to two uneconomic nuclear plants that formed the basis for Illinois SB2814. In other words, the state didn’t need those subsidies in order to provide safe, reliable, affordable, and clean energy to its citizens."

As a percentage of state electricity demand, and with the help of Voltus, Illinois now leads the nation in demand response MWs enabled to meet state-wide electricity supply needs while delivering among the nation's best power reliability and lowest capacity rates. As this resource grows rapidly in Illinois rate payers enjoy a 250% return on the dollars invested in demand response versus a traditional mix of supply, as evidenced by an Advanced Energy Economy report found at: http://info.aee.net/hubfs/PDF/aee-peak-demand-reduction-strategy.pdf?t=1446657847375.

"Illinois legislators got it half right," said Matthew Plante, Voltus President. "While the subsidies offered to the nuclear industry through SB2814 were expensive and unnecessary, Illinois deserves credit for fully incorporating demand response into its resource mix. With all the talk about job creation, it’s amazing that a change as simple as encouraging more demand response can result in real job creation and a spark for Illinois economic growth. Voltus is excited about stimulating these kinds of direct benefits from our innovations in demand response and energy management."

To learn more about Voltus, visit www.voltus.co or email info@voltus.co.

About Voltus, Inc.

Voltus represents the "potential of us" to better manage energy through simple, cost-free energy management products. Our commercial and industrial customers generate cash by allowing us to be their energy expert while we deliver innovative demand response, energy purchasing, and energy efficiency programs to them. It's this simple: a customer signs up with Voltus and every quarter we deliver dollars. Voltus makes money when our customers make money by sharing the cash generated from working together. What's more, there are significant community benefits that accompany working with Voltus - a cleaner, more reliable energy future and dollars invested back into your business and jobs instead of being wasted on a larger energy bill.

Voltus Media Relations:  Gregg Dixon - 617-283-9387 - greggdixon@voltus.co