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Noa Ruschin Rimini, founder of Grid4C, selected as the cover story and “Top Utilities Solution Provider 2018” by CIO Review

The following article was originally published in CIO Review print and online editions Grid4C: AI-Powered Energy Insights The Internet, electricity, and cellular phones are all technological innovations that have given rise to new business models, have radically transformed economies, and forever changed the way that mankind lives and works. Artificial Intelligence (AI) and machine learning […]

The post Noa Ruschin Rimini, founder of Grid4C, selected as the cover story and “Top Utilities Solution Provider 2018” by CIO Review appeared first on iAngels.

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The following article was originally published in CIO Review print and online editions

Grid4C: AI-Powered Energy Insights

The Internet, electricity, and cellular phones are all technological innovations that have given rise to new business models, have radically transformed economies, and forever changed the way that mankind lives and works. Artificial Intelligence (AI) and machine learning offer similar transformational potential, but with even greater opportunity: Humans no longer need to explain or program exactly how to accomplish all the tasks for new systems or innovations.

Grid4C is applying AI and machine learning to the world of energy, delivering powerful solutions for smart grid / smart devices predictive analytics, where energy value chain participants are empowered with the ability to radically optimize the electric grid and deliver new energy business models. Through these predictive analytics insights, utilities can ensure the reliability of a more distributed electric grid, consumers can recognize appliances on the verge of failure and more effectively optimize their energy consumption, and grid operators can leverage predictive consumption forecasts to better plan for the future. “Data from IoT devices and connected appliances such as thermostats and smart meters enables our self-learning algorithms to deliver intelligent forecasts, diagnostics, and insights,” explains Dr. Noa Ruschin-Rimini, founder and CEO of Grid4C.

“Recognized by Greentech Media Research as the #1 Predictive Analytics solution for the Energy industry, Grid4C is setting its sights on solving some of the toughest challenges the industry faces”

Led by Noa,having a in PhD AI and Machine Learning with predictive analytics and anomaly detection of Big Data as specialization, the company aims enable engagement among various energy value chain participants. Grid4C applies a plug and play AI and machine learning solution to address some of the prominent challenges associated with the decentralization of electric grids concerning renewable energy sources, electrification of transportation, and energy storage, which cannot be coordinated and optimized through today’s traditional forecasting and control methodologies. The company employs its expertise and AI-driven approach to streamline and leverage existing data sources to deliver accurate forecasts and predictions of distributed energy production and consumption. Their value proposition lies in their ability to derive higher value from existing, ubiquitous data sources non-intrusively, without the need for newer sensors for data collection.

Fault Detection and Diagnostics through Machine Learning

“Customer demands are just starting to catch up with the capabilities that we can provide,’’ says Dr. Ruschin-Rimini.

A solution that is generating a lot of excitement in the market is Fault Prediction, Detection and Diagnostics (FDD) for home appliances, based on smart meter data, which can be enriched with data from smart appliances such as connected thermostats, enabling the same algorithms to deliver deeper diagnostics and insights.“With smart meter data,” explains Dr. Ruschin-Rimini, “we can not only detect mechanical problems for HVAC systems or leaks in water heaters, but can even predict problems before they happen.” This can prevent slight inefficiencies from transcending into larger problems of much more severe consequences. “The core of our products is our proprietary AI self-learning engine, so all you need to do is ‘throw’ any data that may be relevant into it,’’ claims Dr. Ruschin-Rimini.

Empowering the Energy Value Chain

Grid4C’s solutions help the energy value chain on three fronts: customer-facing applications that help businesses and consumers not only save money but predict problems with the appliances they rely on, predictive customer analytics that facilitate segmentation and micro-targeting, and predictive operational analytics that optimize procurement, grid operations and the integration of solar, energy storage and electric vehicles. Grid4C is currently analyzing billions of smart meters and smart devices reads from four continents, generating millions of predictions each day, working with the biggest energy providers and smart meter vendors in the world.

The company’s product portfolio caters to a diverse customer base across the energy value chain with multiple domain-specific requirements. “We have noticed contrasting trends in the industry where certain customers require an economical solution that saves money and predicts problems with day-to-day appliances, whereas, another customer base requires energy segmentation, micro-targeting, and predictive operational analytics,” states Dr. Noa. Additionally, Grid4C also supports users seeking solutions for procurement optimization, grid operations, integration of solar systems, energy storage, and electric vehicles.

Grid4C has partnered with several global energy providers to help address various challenges related to energy utilization.

One of their successful partnerships is with Direct Energy—a retailer of energy services—which deployed Grid4C’s customer facing Machine Learning insights for more than one million residential customers in the U.S. Today, Grid4C’s machine learning product portfolio fuels DE’s “Direct your Energy” platform to drive new revenue streams and enhance customer interactions while optimizing DE’s products and services. Grid4C upholds their client’s goal of ‘Making a difference in people’s lives’ by empowering users with intelligent insights for energy conservation.’

Similarly, Grid4C works with Dalia Power Energies (DPE), Israel’s largest independent power producer, as their load forecasting platform, to deliver granular load and distributed energy resource (DER) predictions to improve operational efficiency and optimize profit margins. “By building a predictive model to each meter separately and analyzing data like meter and device reads, weather data, customer data and more, Grid4C’s engine automatically learns the underlying correlations and hidden patterns and generates predictions in a plug-and-play manner,’’ explains Dr. Ruschin-Rimini. The plug-and-play approach allows predictions to be generated very quickly, which means customers have the added benefit of short time-to-value.

“Data from IoT devices and connected appliances such as thermostats and smart meters enables our self-learning algorithms to deliver intelligent forecasts, diagnostics, and insights”

Another interesting example is Grid4C’s solutions for ENGIE-Think Energy, which are delivering new value add services for its residential customers. By leveraging Grid4C’s machine learning insights to extract more value from meter and smart thermostat data, ENGIE provides each customer insights such as smart thermostat optimizations, simulations regarding the impact of changing thermostat settings on the next bill, prediction, detection and diagnostics of appliances (HVAC, water heaters, refrigerators and pool pumps) faults and inefficiencies, and more.

Predicting the Future of Grid4C

Recognized recently by Greentech Media Research as the #1 Predictive Analytics solution for the Energy industry, the company is setting its sights on solving some of the toughest challenges the industry faces. “One of the most innovative capabilities we’re providing is embedding our algorithms directly into smart grid hardware, like smart meters, to make local decisions at the grid edge,” says Dr. Ruschin-Rimini. Grid4C’s edge lies in the ability ‘’to squeeze the greatest value from existing, ubiquitous data sources, non-intrusively, without needing to wait for new sensors to reach mass adoption.’’ In this sense, the smart meter becomes the real-time sensor, and can be used to save lives by predicting or detecting gas leakages, or managing demand rates for consumers in real-time. Grid4C is partnering with the world’s most successful smart grid leaders to develop the most valuable use cases for AI and machine learning at the grid edge, and will continue to leverage advanced machine learning capabilities to drive value from the exponential growth in IoT data.

Source: https://www.iangels.com/2018/07/noa-ruschin-rimini-founder-of-grid4c-selected-as-the-cover-story-and-top-utilities-solution-provider-2018-by-cio-review/

Private Equity

Carlyle invests in logistics assets as Covid-19 drives e-commerce demand

Sale-and-leaseback transaction involves 27 distribution centres in France and Germany

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Carlyle has acquired a portfolio of logistics assets in France and Germany in a sale-and-leaseback transaction, as a response to a pandemic-driven rise in e-commerce demand.

The portfolio comprises 27 high-quality distribution logistics assets totalling 158,000 square meters of space focused on parcel-delivery. The assets are located near major urban and trade areas across France and Germany, the firm said in a statement.

Marc-Antoine Bouyer, managing director on the Carlyle Europe Realty advisory team, said both countries are “core” to the firm’s investment strategy in Europe. The acquisition reflects the interest in logistics and distribution, which has seen “rapidly growing delivery volumes accelerated by strong growth in e-commerce”, he said.

The investment was made via Carlyle Europe Realty (CER), a €540m pan-European real estate fund, closed in June last year. Financial details were not disclosed.

The CER vehicle targets opportunistic investments across Europe, focusing on “buy and build” platforms in key segments such as logistics, residential, student accommodation, retail, hospitality and co-working.

The private equity house with $221bn in assets under management around the world is not alone in trying to capitalise from the accelerated shift to e-commerce in Europe.

In April, KKR took a majority stake in European investor and manager of industrial and logistics assets Mirastar. In May, the US-based firm continued its move into European logistics real estate with the acquisition of Etche France from the BMF Group and its co-founders.

To contact the author of this story with feedback or news, email Elisângela Mendonça

Source: https://www.penews.com/articles/carlyle-invests-in-logistics-assets-as-covid-19-drives-e-commerce-demand-20201026

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Private Equity

Alternative Investments/ESG: ESG Investments Are Now Mainstream And Core Portfolio Elements

Adrian Lowcock is head of personal investing at Willis Owen. He notes that ESG’s decisive outperformance during the last one, three, and five years shows the investing approach is here to stay. Lowcock points to the 94.6% return from the MSCI ACWI ESG leaders index over five years compared to the 91.3% return from the MSCI ACWI index, as validation of his opinion.

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Alternative Investments/ESG: ESG Investments Are Now Mainstream And Core Portfolio Elements

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Gone are the days when ESG was just “nice to have,” says Adrian Lowcock at Willis Owen.

Adrian Lowcock is head of personal investing at Willis Owen. He notes that ESG’s decisive outperformance during the last one, three, and five years shows the investing approach is here to stay.

Lowcock points to the 94.6% return from the MSCI ACWI ESG leaders index over five years compared to the 91.3% return from the MSCI ACWI index, as validation of his opinion. (WealthAdviser)

ESG is core now

“These funds are core holdings now. Whereas previously, ESG was a secondary consideration, a nice to have tilt to portfolios, the world has been changing. A focus on companies that do less harm to the environment, be that alternative energy, greener food production or waste reduction, is here to stay. Crucially, investors are rewarding them,” he said.

Lowcock also points to the effect of the COVID-19 pandemic. It showed to locked-down citizens the effect of human activity on their environment.

“ESG investing is now a huge part of investing common sense, with many areas that responsible and ethical funds avoid being invested in “old” economy industries in decline,” he notes.

How the digital age is adding more power to ESG’s elbow

Lowcock also observes that advances in digital technology help companies more accurately track their environmental behavior and therefore, be more accountable for their actions.

Investors also benefit because technology helps make their opportunities more “cost-effective.”

Lowcock exhorts investors not to miss the ESG bus.

“Investors who are not on board {these trends} are going to miss out over the long term.”

Related Story:  How To See Through The “Ethical Veneer” (Bancroft Wealth)

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Source: https://dailyalts.com/alternative-investments-esg-esg-investments-are-now-mainstream-and-core-portfolio-elements/

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Private Equity

Digital Assets: JPMorgan Issues Bullish Bitcoin Analysis

JPMorgan (NYSE: JPM) analysts issued a note on Friday that said millennials’ preference for cryptocurrency over gold could lend a bullish tailwind to bitcoin in the coming years. Millennials would constitute an important segment of the investment fraternity and that could tip the scales in favor of BTC versus the yellow metal.

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Digital Assets: JPMorgan Issues Bullish Bitcoin Analysis

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Analysts at JPMorgan say bitcoin (BTC) will benefit at the expense of gold.

JPMorgan (NYSE: JPM) analysts issued a note on Friday that said millennials’ preference for cryptocurrency over gold could lend a bullish tailwind to bitcoin in the coming years. Millennials would constitute an important segment of the investment fraternity and that could tip the scales in favor of BTC versus the yellow metal. (MARKETS INSIDER)

Bitcoin playing catch-up with gold?

While the physical gold market commands a value of $2.6 trillion including ETFs, bitcoin is only a tiny fraction of that. (The market cap of BTC is just $243 billion, according to Bitcoin.com).

“The potential long-term upside for bitcoin is considerable as it competes more intensely with gold as an ‘alternative’ currency we believe, given that Millenials would become over time a more important component of investors’ universe,” JPMorgan wrote in their analysis.

“Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the bitcoin price,” the analysts said.

To reach the equivalent of the gold market, bitcoin would have to surge more than 10X from its current price levels.

Adoption too could work in favor of BTC

JPM also said that in the long run, there could be more new use cases for bitcoin – beyond its restricted role as a store of value similar to gold.

Rising crypto adoption could, therefore, add to BTC’s allure compared to the precious metal.

“The more economic agents accept cryptocurrencies as a means of payment in the future, the higher their utility and value,” JPMorgan said.

Meanwhile, Raoul Pal says gold breaking down

Bitcoin has been on a roll in recent weeks, with Square’s $50 million investment and PayPal’s move to integrate the cryptocurrency into its platform.

Technically, the crypto gave a powerful buy signal when it cleared the $12,000 level on high volume.

Coin Telegraph quoted Real Vision CEO Raoul Pal’s tweet as follows:

“Gold is breaking down versus bitcoin, as expected cc: @michael_saylor Everyone take note. The next thing I’m expecting is the correlations between BTC and the dollar and BTC vs equities to break down too… let’s see. #Bitcoin.”

Related Story:  “Front-Running Opportunity Of A Lifetime” (Raoul Pal)

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Source: https://dailyalts.com/digital-assets-jpmorgan-issues-bullish-bitcoin-analysis/

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