SYS-CON MEDIA Authors: Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel, Peter Silva

News Feed Item

Veriown Energy Awarded Multi-Million Dollar Federal Grant to Boost Solar Development in Virgin Islands

Chicago Company Teams With Major Institutions to Transform Economies Through Innovative Microgrid Solutions

CHICAGO, IL--(Marketwired - May 12, 2014) - Veriown Energy will receive a $3 million federal grant from the USDA High Energy Cost Grant Program designed to provide financial assistance for the improvement of energy generation, transmission, and distribution facilities servicing eligible rural communities. The grant will allow Veriown the ability to deploy a microgrid application on the University of the Virgin Islands campus to enhance their current 3-megawatt solar installation. 

Fifty-five applicants from around the US went after the $11 million USDA High Energy Cost Grant. Together, Veriown and Illinois Institute of Technology (IIT) had the highest rated proposal and were awarded $3 million to apply to the project.

The 20-year power purchase agreement signed last July between Veriown, New Generation Power (NGP) and University of the Virgin Islands (UVI) allows the project to be taken to the next phase, which will help reduce energy costs by more than 50 percent and will be built out on both of the university campuses.

Expensive electricity costs have taken a toll on the Virgin Island (VI) economy. The average electricity consumer in the territory pays more than 50 cents per kilowatt-hour -- four times more than consumers on the US mainland.

"Because of this grant, the University of the Virgin Islands, with the tremendous assistance of Veriown Energy and Illinois Institute of Technology will be in a position to become energy independent in an environment where the cost of energy is extremely high. This partnership will catapult UVI into the category of the leading universities in smart microgrid technology," said Dr. David Hall, President of the University of the Virgin Islands.

The relationship between Veriown and Dr. Mohammad Shahidehpour, a leader in advanced energy studies and microgrid development at IIT's Robert W. Galvin Center for Electricity Innovation, blossomed five years ago after discussing the true potential of what a microgrid system could do on a campus setting. 

"This grant signifies a strong synergy between the government, academia, and the energy industry for promoting the state-of-the-art research and development on sustainable energy, energy efficiency, and microgrids which can serve as a role model for advancing the United States leadership in the global energy arena," said Dr. Shahidehpour.

According to Steve Johanns, CEO of Veriown, a university is the optimal place to develop a microgrid system, not just because of its campus setting, but because it can be an institution to foster and train our youth in innovative microgrid solutions that could change how energy is harnessed for future generations to come. 

"This grant will have a real and significant impact on the total cost of energy for the University of the Virgin Islands," said Johanns. "It should not go unnoticed that these savings allow universities like UVI the ability to put the money where it is needed the most with teachers and students enhancing learning environments."

The grant follows just weeks after a $30 million donation from Veriown's parent company, New Generation Power (NGP), a global renewable energy company, to the UVI to help develop an LCME accredited medical school on the UVI campus that will help transform the quality of life throughout the region.

For more information on Veriown Energy, please visit www.veriown.com.

ABOUT VERIOWN ENERGY

Veriown Energy helps businesses, universities, governments and other institutions harness their on-site distributed solar, other forms of distributed energy, and lock in long-term, predictable energy rates with little to no capital expense. Veriown is an innovation leader in providing tailored distributed energy solutions and advanced micro grid systems, scaling a program to encompass a single campus up to hundreds of buildings throughout the United States. Veriown partners with leading research institutions and Fortune 500 companies to stay on the cutting edge of innovation -- giving their customers an efficient, reliable, clean and sustainable distributed energy supply to help them succeed.

The following files are available for download:

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...