Comment on How Big Data Wants To Help Businesses Save On Electricity: Limejump by Aaron Derkins

['Guest Editor', 'More Guest Editor', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2016-02-24 00:00:00

To Ning Zhang, the co-founder of Limejump, operating a “virtual power plant” is a lot like managing a hedge fund. Limejump is a “technology-driven utility” based in London that delivers a demand-response solution that it calls a virtual power plant. to watch the Oscars, the amount of energy demand will spike. The price becomes a lot more difficult to manage.”That’s why data and data analytics are vital to demand-response solutions like Limejump’s. Without an accurate and real-time pricing model for electricity, Limejump’s “virtual power plant” cannot optimize prices for its clients or energy savings in the grid.