New York's REV Connect matches innovation with real-world utility needs
Today, the U.S. electric grid system is evolving faster than ever before. More distributed generation and storage options are becoming cost competitive, and physical infrastructure is increasingly coupled with a digital network of sensors and analytics platforms to meet heightened reliability and resiliency requirements.
Through Governor Andrew M. Cuomo’s Reforming the Energy Vision (REV), New York State is leading the way to ensure that these market trends benefit all New Yorkers. Since its launch in 2014, REV has been a driving force for New York's six investor-owned utilities (IOUs) to work with energy innovators to lower costs, test advanced technologies, and design new replicable business models through REV Demonstration Projects.
Even with these efforts, there is no denying that clean energy innovations take time to develop and many stakeholders have to work together for scaled deployments. In addition, because new technologies and business models are still emerging, the market is not yet developed.
New York State developed REV Connect to address these issues. REV Connect includes a centrally managed online portal (nyrevconnect.com) and a team of experts who oversee its content curation and idea submissions. REV Connect brings solutions providers and New York’s electric utilities together in a timely and efficient manner.
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Think of REV Connect as crowdsourcing for the grid, among implementers and experts. The benefits are streamlined knowledge sharing between the six New York State IOUs and potential technology partners, on both the innovation opportunities that the IOUs require and the solutions that market partners have to share.
The REV Connect online portal supports several important uses cases:
- First, it is a one-stop shop for vital information. Technology companies can read summaries of key REV orders by the Public Service Commission, the types of solutions that support REV, and IOU filings for the demonstration projects that they are currently working on.
- Next, REV Connect allows the six New York State IOUs to broadcast their innovation priorities as soon as they arise, so there is minimal delay in soliciting solutions from the marketplace. Interested solution providers can sign up through the portal to receive email updates to ensure that they do not miss opportunities.
- Finally, companies can submit innovative REV ideas directly through the platform and receive expert feedback, technical support and business model evaluation, as well as potential matchmaking with one or more of the IOUs and other market participants to pursue innovative partnerships.
REV Connect fills an important market gap via up-to-date information access and the ability for interested parties to take immediate action online. As an important technology-enabled tool for REV, REV Connect is designed to help the IOUs accelerate innovation, adopt new business models and technologies, and advance New York State’s energy goals.