Kevala is a company that provides technology-based solutions for energy grid infrastructure management. The company recently raised $21M in funding to further develop and expand their existing tools.
This article will take a closer look at Kevala’s technology and the benefits it provides utilities to manage the energy grid.
Overview of the energy grid infrastructure
The current energy grid infrastructure consists of complex networks of technologies and systems that are used to generate, store, distribute and monitor energy supply. These networks comprise physical components such as power plants, transmission and substation lines, poles or towers, transformers, distribution grids and metering devices. Proper control and management must be maintained for these systems to function effectively and efficiently.
Kevala is an advanced software company that provides comprehensive solutions for grid operations. They specialize in monitoring real-time events, managing assets across the system landscape and providing optimized resource planning capabilities. By leveraging machine learning algorithms and artificial intelligence technology within their software, Kevala has been able to help utilities gain greater insights into their operations through accurate analytics based on real-time data.
Recently, Kevala secured $21 million in funding led by AltaIR capital to expand its tools for managing energy grid infrastructure. By delivering predictive insights into customer’s operational performance via scalable AI solutioning such as anomaly detection or optimized repair scheduling at scale, Kevala can provide utilities with a competitive edge not just from a cost perspective but also from an efficiency point of view.
From efficiently modernizing existing infrastructure to keeping it in optimal condition, Kevala’s technology can help optimize maintenance schedules by predicting failures so proactive steps can be taken before costly disruptions occur. This enables better asset performance resulting in lower electrical losses while minimizing point-of-risk issues and any associated financial implications.
Kevala’s technology and its impact on energy grid infrastructure
Kevala, a company that provides software and services to manage energy grid infrastructure, has secured a $21 million Series A funding round from strategic investors. The company’s cloud-based technology helps utilities meet the demands of an increasingly distributed, digital, decentralized grid infrastructure.
Kevala’s integrated suite of products provides utilities real-time visibility into their power grids. This allows them to detect potential asset problems before they become major issues and can help reduce outages, blackouts and other costly incidents. In addition, it also enhances operational efficiency through automated maintenance tasks while supporting customer satisfaction levels.
The company’s technology is built on an intelligent analytics engine that analyzes data from multiple sources to discover valuable insights across the grid network. Additionally, Kevala’s platform includes modules enabling utilities to automatically forecast demand needs in advance to optimize asset maintenance schedules and resources. Combined, this empowers utilities with automated situational awareness that allows them to proactively meet customer service goals more efficiently at lower cost per kWh by understanding the impact of regular events on their operations.
Kevala is focused on advancing technologies for energy grid operations worldwide to provide greater access to better energy-related services and help countries worldwide transition towards clean energy production more cost efficiently.
Kevala has recently raised $21M to develop their technology for managing energy grid infrastructure. Their technology is designed to help utilities better manage their grids, improve the efficiency and reliability of the energy grid, and reduce system costs. With this new funding, the company wants to bring their technology to the global market.
Let’s take a closer look at how Kevala’s technology is helping utilities manage their grid infrastructure.
Advanced analytics and machine learning algorithms
Kevala’s technology provides advanced analytics and machine learning algorithms utilizing comprehensive smart grid modeling and analysis to identify the most appropriate utilization pathways for energy grid infrastructure securely, in real time. By leveraging this technology, energy providers can gain visibility and generate insights into their energy grid’s operational complexities. This allows them to take appropriate measures toward improved grid operations and sustainability.
Kevala’s advanced analytics technology also incorporates AI capabilities to provide custom-tailored utility solutions. This provides access to real-time information on risk mitigation strategies such as optimal configuration of distributed generation systems or potential financial impacts related to infrastructure upgrades or other maintenance requirements. Ultimately, these solutions help utilities realize a 10% reduction in annual operating costs while improving the Overhead Line Efficiency rate by more than 50%. In addition, with these advanced analytics tools in place, energy providers can easily identify any possible weak spots on their infrastructure before problems occur – potentially saving them millions of dollars in repair costs over time.
Automated processes for data collection and analysis
Kevala’s technology is designed to enable utilities to improve the management of grid infrastructure and operations in an automated, secure and cost-effective way. The platform provides automated data collection and analysis processes, allowing electrical operators to quickly identify, manage and resolve system issues. Past research shows that Kevala’s technology can increase efficiencies by up to 20 percent and reduce energy costs by up to 15 percent.
Kevala allows utilities to collect data in real-time from multiple sources such as substations, power plants and smart meters. This comprehensive data collection process gives utility operators full access to grid performance metrics including voltage reaction time, load capacity parameters, power provisions and device health indices. In addition, automated analytics allow operators to detect outages or other abnormal events before they happen, allowing them to adjust maintenance schedules as needed or even squash a looming problem before it starts.
Through its advanced analytics capabilities, Kevala is helping Utilities transition from reactive approaches that merely address the impact of an issue rather than the underlying causes into proactive strategies that enable them to anticipate potential challenges before they occur.
Predictive analytics for predicting outages and other issues
Kevala’s technology leverages predictive analytics and analytics-driven operational insights to enable utilities to better understand and anticipate outages, maintenance issues, and other unforeseen events. This helps utility companies foresee potential problems before they occur, improve customer service responses during outages, and reduce the response time of their personnel. The platform also employs automated machine learning algorithms, enabling quicker implementation of patterns or directional trends in customer usage behavior.
This platform is backed by the company’s expansive nationwide network that offers unprecedented access to real-time industry data to provide utilities with an improved view into operations across the entire grid. Additionally, Kevala’s predictive solution allows for actionable insights tailored to each utility’s unique needs and market environment.
Using these advanced technologies, utilities can minimize losses from damaged equipment and lower the risk of major outages or service interruptions. Thus, Kevala helps make energy grids more reliable for consumers.
Benefits of Kevala’s Technology
Kevala is a technology platform providing advanced software and analytics tools to help utilities better manage their power grid infrastructure. Its platform combines modern analytics, cloud-based simulation and automation, and intelligent analytics to help utilities unlock greater grid insights, optimize operations, and improve risk management.
In this article, we will look at some of the key benefits of Kevala’s technology.
Improved operational efficiency
Kevala’s technology is designed to help utilities improve their operational efficiency by making it easier to manage the infrastructure related to their energy grids. By utilizing AI and machine learning, Kevala can optimize decisions about grid performance, such as when and where to build capacity, when and how much energy consumption should be allocated, how best to integrate renewables into the system, and more.
With Kevala’s technology, utilities can reduce wasted energy while driving down operating costs. This in turn leads to improved reliability and cost savings for consumers.
In addition, Kevala’s technology helps utilities become smarter power generators by providing valuable insights into the system’s operations, allowing them to make better long-term decisions about their operations.
Enhanced safety and reliability
The Kevala’s technology is designed to enhance energy grids’ safety, reliability and performance. Its portfolios are full of tools that enable utilities to obtain quick and better situational awareness of various grid components and extract detailed insights from grid operations data. This can increase system intelligence, reduce instances of power loss, help prevent outages and aid in regulatory compliance.
In addition, this advanced analytics platform provides users with a clear understanding of network congestion and voltage utilization patterns that can be used to optimize their decisions related to power distribution planning and operations. As Kevala’s technology continues to grow its capabilities, it will empower utilities with real-time data analytics healthcare techniques, such as simulation analysis for forecasting grid energy demand under different weather conditions.
Finally, supporting transmission network optimization by increasing visibility into line ratings through topology calculations allows network operators greater precision when determining how much generation is needed during certain peak times or if more flexibility on transmission capacity is available. Ultimately, with Kevala technology in place, there is increased safety and assurance that our energy grids are running safely and optimally – leading towards a more secure future.
Reduced downtime and increased customer satisfaction
One of the main benefits of utilizing Kevala’s technology is the ability to detect and resolve grid issues quickly, resulting in significantly reduced customer downtime. Kevala’s technology uses AI-driven analytics and real-time data from sensors across the grid infrastructure to predict outages and identify ways to avoid them. This drastically reduces customer downtime by giving utilities more time to anticipate potential problems and take preventive measures, improving customer satisfaction.
Kevala also monitors grid infrastructure performance metrics in real-time, allowing utilities to identify power quality issues before they become problematic and improve overall asset health. In addition, by ensuring a reliable electricity supply with minimal disruptions, Kevala helps reduce customer dissatisfaction due to outages caused by poor asset management or preventable system failure. Finally, their technology generates reports with visuals that improve utility personnel’s decision-making and help them optimize operations in real-time.
Kevala raises $21M to improve tools for managing energy grid infrastructure
Kevala, an energy management software provider, has recently raised $21M to improve existing tools for managing energy grid infrastructure.
This funding is expected to enhance Kevala’s latest software, helping utilities to better manage their grids and reduce operational costs.
This article delves into the details of Kevala’s funding and its potential implications on grid management.
Overview of the funding round
On March 11th, 2021, Kevala announced it closed a $21 million Series B funding round to further develop its energy grid infrastructure management software platform. The round was led by Defy Ventures, with participation from 8VC, Square Peg Capital and WTI. This marks the company’s second major funding round since 2018, when it raised $10.5 million in seed financing.
The funds will be used to expand its cloud-based technology platform that enables utilities to centrally manage installations at remote locations and leverage decentralized resources such as distributed electric vehicle charging networks across their grid footprint. The platform tracks real-time performance metrics of a utility’s assets and provides predictive maintenance analytics using AI algorithms and machine learning tools. As a result, Kevala reports that its customers have experienced significant declines in response time and operating costs compared to traditional manual asset management systems. The company is also actively investing in research to create advanced smart grid operational models capable of accommodating autonomous distributed renewable fleets and single-phase and three-phase distributed energy storage systems for energy markets worldwide.
With these recent funds secured, Kevala will continue its efforts to build innovative technologies and provide customers with the data insights they need to maximize the efficiency of their energy production processes while reducing costs and emissions.
Details of the investors
Kevala, a US-based energy software company, announced on July 29th that it has secured $21 million in an extended Series A round led by Rubicon Venture Capital. In addition to the lead investor, the round included significant investments from BP Ventures and Okapi Venture Capital. Existing investors, Envision Ventures and other unnamed strategic investors also contributed to this funding round.
With $21 million raised in total, Kevala is now poised to expand its presence in global markets with a focus on North America and Europe. According to Kevala’s founding CEO Prasad Gujja, the funds will be used to build out its advanced analytics and grid optimization solutions and grow its engineering team working on upgrading its data-driven solutions for advanced grid infrastructure management.
This new funding is expected to bring additional investment into the future of renewable energy technology and bolster solutions available for utilities struggling with mitigating modern grid challenges such as variability associated with intermittent power sources like renewables.
How the funds will be used
Kevala, the leading provider of machine learning-driven technologies for smart grid infrastructure, has announced that it has received a $21 million Series A funding round. Led by Alpha Edison and joined by Collective Capital, 8VC and Silicon Valley Bank, this significant investment will be used to accelerate the delivery of more automated solutions to support utilities in managing their energy grid infrastructure.
The funds will be utilized to extend Kevala’s reach and capabilities into new markets, increase operational excellence and invest in expanding its innovative products. They will also enable the company to produce advanced technologies that optimize energy flow while increasing system resilience. This will make it easier for utilities to access real-time actionable data and develop strategies that reduce cost incurred on distribution architectures such as those represented by advanced metering infrastructure (AMI).
Kevala’s technology relies on the strength of distributed robotic models generated from active network monitoring tools such as neutronizing PMUs for adaptive control of power grids. It provides operators with an integrated solution for improving monitoring, automating load operations and making decisions based on dynamic operating conditions. As a result, operational effectiveness is significantly increased while reducing costs associated with managing or improving existing systems.
Kevala’s technology enables utilities to accurately assess their grid performance through improved analytics supported by higher accuracy machine learning models which can evaluate many dynamic environmental factors such as industrial demand changes particular to renewable sources before predicting potential faults or overload conditions – all resulting in improved decision-making in managing distributed networks at scale.
Kevala’s technology has proven reliable and beneficial for utilities, allowing them to effectively manage their energy grid infrastructure. With a $21M funding round, Kevala will be able to continue improving their technology and expanding it to more utilities throughout the world.
In conclusion, Kevala’s technology is an important tool for utilities as it helps them better manage their energy grid infrastructure.
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