Choptank Electric Cooperative to Deploy DVI's VVO Solutions to Keep Rates Low, Reduce Supply Costs
RICHMOND, Va., Feb. 21, 2018 /PRNewswire/ -- Today, Dominion Voltage Inc. (DVI), a subsidiary of Dominion Energy (NYSE: D) and leader in Volt/VAR Optimization "VVO" solutions, announced a full deployment contract for all 54,000 members of Choptank Electric Cooperative, located on Maryland's Eastern Shore.
NRTC, DVI's value-added reseller for cooperatives, teamed with DVI to propose a voltage management solution that specifically met the co-op's needs.
"As an electric cooperative we are always looking for ways to operate our system more efficiently and keep our rates low," said Mike Wheatley, president and CEO-Choptank Electric Cooperative. "Voltage optimization was an obvious next step in our grid modernization efforts after having made the investment in AMI. Using DVI's proven EDGE® VVO solution will allow us to reduce our system peak and improve operating expenses through lower demand charges."
"NRTC's members demand solutions that have a strong return on investment that can bring value immediately to the cooperative and its members," said Tim Bryan, CEO-NRTC. "The business case for Choptank was very strong and the NRTC is pleased to have played a role in helping bring both DVI and Choptank together for this important project."
"More and more utilities and co-ops, such as Choptank, are looking at VVO as a "no regret" investment decision to aid in managing capacity and overall energy efficiency," said Todd Headlee, executive director-DVI. "DVI is grateful to both Choptank and NRTC for identifying the opportunity allowing us to serve its members."
DVI will be demonstrating the EDGE® product offering in booth #644 at TechAdvantage, the leading technology conference & exhibition event for electric cooperative professionals, from February 25th – 28th, 2018 in Nashville, Tennessee. To understand the business case for how DVI can help reduce operating expenses and create energy efficiency savings at your specific utility, please contact DVIinfo@dvigridolutions.com.
DVI is the leading provider of Volt/VAR optimization technology, providing solutions for energy efficiency, demand response, Volt/VAR control, and system reliability. DVI's patented approach plans, manages and validates utilities' grid optimization programs while delivering significant savings to both utilities and their customers (U.S. patents 8437883, 8577510, 9354641, 9563218, 9582020, and other U.S. and international patents pending). For more information about DVI, visit www.dvigridsolutions.com.
About Dominion Energy
Dominion Energy (NYSE:D) is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,900 megawatts of generation, 14,800 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion Energy, visit the company's website at www.dominionenergy.com.
About Choptank Electric Cooperative
Choptank Electric is an electric distribution cooperative serving approximately 54,000 members on Maryland's Eastern Shore. Founded in 1938, Choptank Electric is committed to providing safe, reliable, and cost effective electricity to its members. Read more about Choptank Electric at www.choptankelectric.coop
NRTC is member driven and technology focused. NRTC provides technology solutions that help our 1,500 electric and telephone members bring all of the advantages of today's evolving technology to rural America. NRTC's products and services are developed specifically to meet the needs of rural utilities and their customers, and include integrated smart grid and utility solutions, data analytics, advanced energy, broadband infrastructure and managed network services, wireless technologies and programming distribution capabilities for video providers. NRTC helps ensure our members' success by aggregating their individual buying power, negotiating national contracts, and helping members integrate technology solutions with existing infrastructure.
SOURCE Dominion Voltage Inc.