This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

National Instruments And Prolucid Put Green Energy On The Canadian Grid

AUSTIN, Texas, April 22, 2013 /PRNewswire/ -- National Instruments (Nasdaq: NATI) has partnered with Prolucid LocalGrid Technologies Inc. (LocalGrid™) to build the next-generation energy management system for Toronto Hydro-Electric System Limited. Funded by nearly $2.5 million in grants from Canada's ecoENERGY Innovation Initiative and Ontario's Smart Grid Fund, the project takes advantage of distributed intelligence technology to manage renewable energy generated by the community onto the power grid. In addition to allowing for increased generation capacity, thereby reducing greenhouse gas emissions, the integrated platform can improve reliability and efficiency across the electric power system.

(Photo: http://photos.prnewswire.com/prnh/20130422/DA98845)

"The electrical grid will be radically transformed over the next 10 years, moving from a centralized model of power generation and distribution to a less capital-intensive local or MicroGrid model," said Bob Leigh, president and CEO of LocalGrid. "This is driven in part by the introduction of distributed renewable sources of generation. Our technology allows renewables that are currently blocked to come online without costly infrastructure investment."

The LocalGrid solution addresses an unexpected challenge created by clean energy incentives. Due to the country's vast size, cold climate and expansive economy, Canada has one of the highest rates of per capita energy consumption in the world. To promote conservation and efficiency, the federal and provincial governments provide rebates to households and businesses for renewable energy installations. In some areas, the boom in solar panels and wind turbines actually generate more power than the existing infrastructure can handle, resulting in valuable electricity being wasted.

Toronto Hydro, the largest municipal electric utility in Canada, is working with LocalGrid to develop a distributed approach for managing generation without requiring expensive new power lines or capital equipment. LocalGrid's software uses CompactRIO devices installed on the grid to control and monitor community generation sources.

"We are using CompactRIO because of its combination of advanced analytics and processing power, in a rugged, flexible, field-deployable system, at the right price point," said Leigh. "A distributed energy management system must have flexibility, modularity and reliability at the core of the design so that it can grow with the needs of utilities for years to come."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs