Kontrol Energy to Offer Distributed Energy Solutions with Blockchain Technology

Kontrol

November 2, 2017

Kontrol Energy Corp. through its operating division Kontrol Technologies Inc., is integrating its real-time energy management system, the Kontrol EMS, with Blockchain technology.  

“The traditional utility model of centralized power plants is changing as consumers demand greater access to sustainable energy solutions including solar energy, combined heat and power and battery storage,” says Paul Ghezzi, CEO of Kontrol Energy. “This is especially true for those North American markets where the retail cost of electricity exceeds 16 cents per kilowatt hour.”

The Kontrol EMS will include full Internet of Things (IOT) functionality, smart learning algorithms and the ability to manage localized distributed energy solutions.  Through Blockchain technology Kontrol plans to provide local energy producers and consumers with a peer to peer energy market. “Blockchain technology offers a unique opportunity to facilitate the growing demand for distributed energy solutions across North America,” continues Paul Ghezzi.  “The ability to buy and sell locally produced sustainable energy has great potential for both stabilizing existing electricity grids and reducing the cost of energy over time. Blockchain technology also has the potential to eliminate wasted energy and reduce infrastructure costs for governments and utilities.”

The Kontrol EMS will be available in the second quarter of 2018 with Blockchain technology. For 2018 the Company anticipates that it will build out up to 2 Megawatts of distributed energy solutions in Ontario, Canada. In addition to the Ontario market, the Company is also exploring potential opportunities and acquisitions in the distributed energy sector in New York and California.

Related Articles

Roberta Nelson Shea from Universal Robots Receives Prestigious Robotics Award for Contribution to Robot Safety

Roberta Nelson Shea from Universal Robots Receives Prestigious Robotics Award for Contribution to Robot Safety

For the second time within five years, a key figure at Universal Robots (UR), the Danish manufacturer of collaborative robots (cobots), has been awarded the world’s most prestigious robotics prize, the Joseph F. Engelberger Robotics Award, often described as the Nobel Prize of robotics. Following in the footsteps of UR’s co-founder Esben Østergaard, who was given the Engelberger Award in 2018 in the Technology category, Roberta Nelson Shea, UR’s Global Technical Compliance Officer received the award for Applications at a ceremony last night at the Automate Show in Detroit.

Emerson Launches Modular Industrial Displays to Minimize Lifecycle Cost in Industrial Applications

Emerson Launches Modular Industrial Displays to Minimize Lifecycle Cost in Industrial Applications

Emerson has released the new portfolio of RXi industrial display and panel PC products for monitoring, visualizing and enhancing everyday production processes in life sciences, metals and mining, power and water, and manufacturing and machinery. A modular design is foundational to the industrial display platform, enabling users to select the right configuration based on application needs and minimizing lifecycle cost through flexibility, easy serviceability, and field upgradeability.

 

 

 

Changing Scene

Sponsored Content
The Easy Way to the Industrial IoT

The way to the Industrial IoT does not have to be complicated. Whether access to valuable data is required or new, data-driven services are to be generated, Weidmuller enables its customers to go from data to value the easy way. Weidmuller’s comprehensive and cutting-edge IIoT portfolio applies to greenfield and brownfield applications. Weidmuller offers components and solutions from data acquisition, data pre-processing, data communication and data analysis.

Visit Weidmuller’s Industrial IoT Portfolio.

ADVANCED Motion Controls Takes Servo Drives to New Heights (and Depths) with FlexPro Extended Environment Product Line

Advanced Motion Controls is proud to announce the addition of six new CANopen servo drives with Extended Environment capabilities to their FlexPro line. These new drives join AMC’s existing EtherCAT Extended Environment FlexPro drives, making the FlexPro line the go-to solution for motion control applications in harsh environments.

Many motion control applications take place in conditions that are less than ideal, such as extreme temperatures, high and low pressures, shocks and vibrations, and contamination. Electronics, including servo drives, can malfunction or sustain permanent damage in these conditions.

Read More

Service Wire Co. Announces New Titles for Key Executives

Bruce Kesler and Mark Gatewood have been given new titles and responsibilities for Service Wire Co.

Bruce Kesler has assumed the role of Senior Director – Business Development. Bruce will be responsible for Service Wire’s largest strategic accounts and our growing Strategic Accounts Team.

Mark Gatewood has been promoted to the role of Vice President – Sales & Marketing. In this role, Gatewood will lead the efforts of Service Wire Company’s entire sales and marketing organization in all market verticals.

Read More

Tri-Mach Announces the Purchase of an Additional 45,000 sq ft. Facility

Tri-Mach Elmira Facility

Recently, Tri-Mach Inc. was thrilled to announce the addition of a new 45,000 sq ft. facility. Located at 285 Union St., Elmira, ON, this facility expands Tri-Mach’s capabilities, allowing them to better serve the growing needs of their customers.

Positioning for growth, this additional facility will allow Tri-Mach to continue taking on large-scale projects, enhance product performance testing, and provide equipment storage for their customers. The building will also be the new home to their Skilled Trades Centre of Excellence.

Read More

JMP Parent Company, CONVERGIX Acquires AGR Automation, Expanding Global Reach

Convergix Automation Solutions has completed the acquisition of AGR Automation (“AGR”), a UK-based provider of custom, high-performance automation design and systems integration primarily to the life sciences industry.

Following Convergix’s acquisitions of JMP Solutions in August 2021 and Classic Design in February 2022, AGR marks the third investment in Crestview’s strategy to build Convergix into a diversified automation solutions provider targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments. Financial terms of the transaction were not disclosed.

Read More

Latest Articles

  • Implementing Functional Safety Requirements

    Implementing Functional Safety Requirements

    The Safety Functional Requirements Specification (SFRS; sometimes referred to as SRS or Safety Requirements Specification) is the plan for the safety controls on a machine and is the second step of the safety lifecycle. The SFRS document serves as a framework for the safety control system design, is informed by prior work done in the… Read More…

  • From Endress+Hauser, 24/7 Digital, Plant-Wide Health Monitoring for Rockwell Systems Optimizes Workflows and Processes

    From Endress+Hauser, 24/7 Digital, Plant-Wide Health Monitoring for Rockwell Systems Optimizes Workflows and Processes

    Endress+Hauser’s Asset Health Monitoring Solution–Rockwell Edition, now available for installation, provides operators with a centralized, digital overview of plant-wide device health to avoid unscheduled shutdowns and accelerate troubleshooting. It not only presents early visibility of problematic devices but distinguishes itself by adding likely causes and remedies to such a report so problems can be fixed… Read More…