Keeping up with compliance and reliability standards can be a pain in the neck for utilities: inaccurate or outdated data can create compounding issues for modeling, operations, and maintenance planning. One startup hopes to alleviate that pain with an all-in-one software solution specifically tailored for electric utilities.
A participant in this year’s DTECH Initiate program, Ferro Power Solutions provides utility-focused software solutions for asset management, compliance, model management, integrations, and more.
“Utilities generate massive amounts of data from multiple teams and pipelines,” said Isaac Hargrave, founder and CEO of Ferro Power Solutions. “With over a decade of industry experience, we understand the challenges of managing data, coordination, and compliance. FPS centralizes a utility’s asset data into a grid information hub and provides essential tools for coordination and compliance, including PRC-005, IRO-017, and FAC-008. We handle the data integration so you can focus on managing your part of the grid.”
Ferro Power Solutions points to NERC reliability standards as one major way it can help keep utilities compliant, especially concerning FAC-008 (Facility Ratings), MOD-033 (System Modeling), and outage and maintenance scheduling. When operating in separate silos, these processes can result in inefficiencies, compliance risks, and “costly mistakes,” the company argues.
“As former planning engineers, this is the solution we always wanted. You’ve likely heard the phrase ‘garbage in, garbage out’ in the artificial intelligence space,” Hargrave said. “By centralizing asset data, utilities can maximize the effectiveness of their AI/ML and predictive maintenance tools.”
At DTECH, Ferro Power Solutions is looking forward to meeting utilities face-to-face in an engaging setting to showcase how its solution—designed by engineers for engineers—is driving the future of grid information technology.
Initiate is your gateway to discovering the up-and-coming innovations in the energy sector at DTECH. Witness firsthand how startups are transforming the industry, and stop by to hear the newest solutions on the market, breakthrough technologies, and connect with innovators from across the globe. It’s the perfect opportunity to explore fresh ideas and connect with the future of transmission and distribution!
Check out these other startups participating in the Initiate program that you won’t want to miss at DTECH!
- This startup wants to help utilities get more out of their transmission lines with drones
- A startup is trying to predict and prevent outages before they occur
- This startup is giving utilities more control at the grid edge without costly retrofits
- One software solution to rule them all: How a startup is enabling utility compliance
- What supply chain constraints? This startup’s long-duration batteries are powered by molten salt
- Downed power lines? This startup can deploy a temporary restoration solution in minutes
- ‘Task the Learjet like a satellite’ – This startup offers fast, high-altitude remote sensing
- Are your battery systems missing revenue opportunities? This startup wants to help
- This startup’s EV chargers mount to utility poles for recharging in dense urban areas
This list will be updated as more startups are featured.
