Series of Case Studies Taught at Harvard Business School Focus on VIA’s Story

Last year, VIA was approached by Harvard Business School (HBS) professors, Juan Alcacer and Rembrand Koning, to be the focus of a series of HBS case studies to be taught as part of the core curriculum. 

The first case covers VIA’s decision to serve power providers as customers versus more obvious sectors like retail and financial services. The cases that follow cover VIA’s firm belief that AI has the ability to transform the historically conservative sector and play an instrumental role in the clean energy revolution.   

Juan Alcacer, the James J. Hill Professor of Business Administration at HBS talks about the motivation behind creating and teaching the case studies about VIA, “90% of new companies target the biggest markets like healthcare and financial services, that’s why they are so crowded. VIA was visionary in its choice to work with energy companies first.” 

He continued, “HBS is all about strategy and strategy is about making choices. VIA chose to see past prevailing wisdom and take a different path, one we think was bold, and believe others can learn from.”

VIA CEO Colin Gounden and COO Kate Ravanis (who are both co-founders) attended the virtual HBS class where the cases were presented for the first time.

VIA Partners with MIT on U.S. Air Force Contract

VIA is pleased to announce that they have partnered with the Massachusetts Institute of Technology (MIT) through MIT Innovation Initiative‘s Mission Innovation Program for a contract with the U.S. Air Force (USAF). The contract is part of USAF’s Small Business Technology Transfer (STTR) program, whose mission, according to their website, is to “support scientific excellence and technological innovation through the investment of Federal research funds in critical American priorities to build a strong national economy.” 

VIA and MIT will work together to use VIA’s Trusted Analytics Chain™ (TAC™) software to bridge data from one of USAF’s classified training programs to advanced commercial AI solutions, without comprising data security. 

“USAF training programs are rich with data, which AI can analyze, to produce unique insights. As you can imagine, this data is highly sensitive, so making it accessible to AI specialists outside of USAF has been a big challenge,” commented Joe Babiec, VIA’s SVP, Strategic Initiatives. 

He continued, “We’re proud to be working alongside MIT to help USAF connect to AI specialists while ensuring the security and privacy of training program data. Combining VIA’s unique technology with MIT’s AI expertise and experience collaborating with the United States Department of Defense (DoD) on confidential initiatives will yield great benefits for USAF.”

“MIT Innovation Initiative is excited to work with VIA on this project with the United States Air Force,” said MIT Innovation Initiative Executive Director, Gene Keselman. “VIA’s innovative new TAC™ software provides secure access to confidential and classified data for analysis. This ability to bring AI to the data can help the USAF tackle many challenging applications.” 

This is the fifth time VIA and its TAC™ software have been selected by USAF in the past 18 months, with the most notable contract signed in July 2020.

About VIA

VIA helps governments, regulators, and power providers deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

About MIT Innovation Initiative
Founded at MIT (https://web.mit.edu) in 2013, MIT Innovation Initiative is charged with delivering innovation to the Innovation and Entrepreneurship Ecosystem by identifying problems and creating solutions faster, more effectively, and at scale; and to focus and amplify MIT’s natural strength in innovation in service to the world. The organization is a team of unceasingly inquisitive, data-obsessed problem solvers—academics, business professionals, military, alumni, and community-builders—dedicated to stewarding the innovation process from idea to world-changing impact. Learn more: https://innovation.mit.edu and https://innovation.mit.edu/mission-innovation-program.

Contact:
David Sweeney
Director of Communications

dws1052@mit.edu 

 

VIA Featured as Best Tech Startup in Somerville for Second Consecutive Year by The Tech Tribune

For the second year in a row, VIA has been selected by The Tech Tribune as one of the Best Tech Startups in Somerville. According to their website, The Tech Tribune “delivers the latest technology news, in-depth technology articles, exclusive interviews with entrepreneurs, and insights on the hottest technology startups all over the world.”

The list includes ten companies in Somerville that provide solutions ranging from energy storage systems to deep learning models to robotics. 

VIA was included on this exclusive list last year and Kate Ravanis, COO and co-founder of VIA, was interviewed for The Tech Tribune’s website. Kate told the story of how VIA got its start, challenges along the way, and gave advice for aspiring entrepreneurs.

For the full article from this year’s list, visit the Tech Tribune website.

VIA Selected for Panel, Virtual Booth, and Pitch During AFWERX Reimagining Energy Showcase

Last week, VIA had the honor of participating in the AFWERX Reimagining Energy Showcase. The showcase was attended by thousands of participants from government agencies and companies bringing cutting-edge technologies and solutions to the energy industry.

CEO Colin Gounden was invited to speak on the Energy Data Panel during the event along with representatives from companies participating in the AFWERX Challenge: Data Availability and Improved Planning and Decision Making. The panel touched on topics like how to make unstructured and disparate data sources available while addressing security concerns and how AI can play a role in decision making for the DoD.

In addition to Colin’s panel, VIA hosted a virtual booth during the showcase. The page is open to the public and can be visited here.

As mentioned in a previous press release, VIA is one of 179 companies chosen (out of over 1,000 submissions) to compete in the AFWERX Challenge. VIA’s solution to the Data Availability and Improved Planning and Decision Making Challenge is to use TAC™ to make energy data available for AI and machine learning analysis 100x faster.  

For more information on VIA’s solution to this challenge, watch our 5-minute pitch video.

VIA Among Teams Competing in AFWERX Energy Showcase

AFWERX, the catalyst for fostering innovation within the U.S. Air Force, announced VIA as one of the 179 participating teams selected from across the globe competing to Reimagining Energy for the DoD.

The AFWERX Challenge is centered around six topics – Fixed and Mobile Energy Generation, Energy Transmission and Distribution, Fixed and Mobile Energy Storage, New Warfighting and Operational Equipment, Data Availability for Improved Planning and Decision Making, and Energy Culture, Policy, and Education. The proposals selected to advance represent innovative solutions to allow for more effective warfighting and humanitarian missions less reliant on fossil fuels.

Located in Somerville, Massachusetts, VIA is competing in the Data Availability for Improved Planning and Decision Making Challenge alongside a diverse group of teams – originating from the vast regions of North America, Europe, Australia and other allied countries – that represent entrepreneurial startups, small businesses, large enterprises, academic institutions and research labs all vying to Reimagine Energy for the Department of Defense. 

The AFWERX Reimagining Energy for the DoD Challenge is critical to our mission of increasing collaboration between large businesses and entrepreneurs to accelerate solutions for the Air Force,” stated Mark Rowland of AFWERX. “On behalf of AFWERX and the Department of Defense, we congratulate the teams advancing to the next phase. Their contributions are invaluable and have the potential to create game-changing results across the Air Force enterprise.” 

The Data Availability for Improved Planning and Decision Making Challenge strives to improve our available data and analytics capabilities around the generation, transmission, storage, and use of energy. The Department of Defense (DoD) consumes large amounts of operational and facility energy to provide a combat-credible force. The DoD is one of the largest single consumers of energy globally, and the Air Force is the largest user of fuel energy in the US Government. The way we generate, transmit, store, and use this enormous amount of energy today is both a paramount combat enabler and a potentially crippling vulnerability.

VIA’s solution to the Data Availability for Improved Planning and Decision Making Challenge is to use its platform, Trusted Analytics Chain™ (TAC™) to make energy data available for AI and machine learning analysis 100x faster. TAC™ uses AI and machine learning to clean and harmonize energy data, then connect it to AI predictive models. TAC™ has also supported operational dashboards, visualization tools, benchmarking, and predictive maintenance for energy distribution equipment including transformers and battery storage.

“We’re honored to have been selected by AFWERX to pitch TAC™ and its ability to make data available 100x faster than traditional data science approaches. TAC™ has saved customers hundreds of man hours in analysis and supported tens of millions of dollars in operational decisions. We hope to provide the DoD with that level of value,” said Joe Babiec, Senior Vice President, Strategic Initiatives at VIA.

To learn more about the Reimagining Energy for the DoD Challenges, click here

For more information on VIA’s solution to this challenge, watch VIA’s 5-minute pitch video.

ABOUT VIA

VIA helps governments, regulators, and power providers deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has received an InnovateMass grant from the Massachusetts Clean Energy Center and has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

ABOUT AFWERX

Established in 2017, AFWERX is a product of the U.S. Air Force, directly envisioned by former Secretary of the Air Force Heather Wilson. Her vision of AFWERX — to solve some of the toughest challenges that the Air Force faces through innovation and collaboration amongst our nation’s top subject matter experts. AFWERX serves as a catalyst to unleash new approaches for the warfighter through a growing ecosystem of innovators. AFWERX and the U.S. Air Force are committed to exploring viable solutions and partnerships to further strengthen the Air Force, which could lead to additional prototyping, R&D, and follow-on production contracts.

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AFWERX Media Contacts:

support@afwerxchallenge.com

Marketing@afwerx.af.mil

 

VIA CEO Colin Gounden Featured as Keynote Speaker at IF Forum in Taiwan

VIA CEO Colin Gounden gave the keynote presentation at the Evergreen University IF Forum virtual event in Taiwan. The event topic was the transition to clean energy, and more specifically, “The development, boundaries and imagination of privacy technology: Taking the energy transition.” 

After the event, the United Daily News, a local press outlet, published an article containing a large amount of content from Colin’s presentation. The article talks in depth about the transition to clean energy in the U.S. and how data privacy and analytics are playing a critical role in making that happen.

For the full article, visit the United Daily News website and for the recording of the event visit IF Forum’s YouTube channel.

Colin Gounden (circled) being introduced during the event.

VIA Selected as a Top Blockchain Company in America by Daily Finance

VIA is proud to share that we have been selected by Daily Finance, “one of the fastest growing online finance, crypto and fintech magazines,” as a top blockchain company in the U.S.

Daily Finance gathered a list of the top startups and established leaders in the blockchain space and how well they have performed in one of the following categories: innovation, growth, management, and societal impact.

To read the full list, check out their article.

VIA Highlighted as Innovative Partner to Europe’s Largest Utility

VIA’s COO, Kate Ravanis, was featured in two recent videos published on the LinkedIn page of Enel, Europe’s largest utility. Enel created the videos to demonstrate its collaboration with leading companies and its adoption of innovative technologies that accelerate the transition to clean energy. 

“We are extremely proud to be selected as one of Enel’s most innovative partners. As a $90Bn a year utility, Enel has a high bar for reliability and a requirement for solutions that scale. We’re excited to be the partner that Enel chose to demonstrate meeting their needs,” commented Ravanis. In the first video, Ravanis talks about the unique partnership VIA has with Enel. Enel posted, “Pushing innovation to the next level: listen to our partners to discover how we are fostering disruptive solutions with our global call, “ReShape” 👉.”

In the second video, Enel commented, “Startups are leading the way towards a successful energy transition. “At VIA, our mission is to accelerate the adoption of clean energy. It’s a double honor for us to be recognized as a leader and also our progress towards achieving our mission,” said Ravanis. Watch this video to discover more about our partners’ sustainable innovations and become part of our global community of solvers.”

VIA is proud to work with energy sector leaders that are focused on the future of clean energy.

About VIA

VIA helps governments, regulators, and power companies deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (11 patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has received an InnovateMass grant from the Massachusetts Clean Energy Center and has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

Survey of Utility and IPP Plans for 2021

The transition to reliable clean energy requires utilities to share more data with third parties such as transmission system operators, distributed energy resource providers, EV infrastructure companies, and other utilities.

Just in time for your year end planning, VIA is gathering input for a benchmark report of data analytics initiatives that includes:

  • Use case priorities for customer / meter data 
  • Timing for initiatives
  • Barriers to analyzing data

Take the survey here to receive your free copy in return.

The survey will take no longer than 5 minutes to complete. Your responses will be kept anonymous. Results will only be shared in aggregate.

Transformative Experiences at GDAC™ Virtual Mini-Series Session #2

VIA had a record attendance of nearly 30 participants at the second installment of its GDAC™ Virtual Mini-Series this week. The session included customers from the US, Asia, and New Zealand and participants located in four different time zones, all eager to share their strategy and asset management experience for substation transformers.

The highlight of the event was the GDAC™ member panel led by Cristiano Marantes, Chief Executive of Ara Ake, an organization that connects technology innovation with energy industry leaders to lower emissions in New Zealand. The panel covered questions related to: 

  1. Insights about post-failure analysis of transformers
  2. Value from GDAC™ member gas benchmarks
  3. Business cases supported by the GDAC™ member portal
  4. Future equipment data to include in the GDAC™ program

Kate Ravanis, COO, remarked that “it was highly reaffirming to hear that the GDAC™ portal, launched earlier this year, was already being used to save time (one “person month” in one case) to prepare asset management plans and rate case materials.” 

This was one of many comments by participants in addition to the engineering and maintenance insights that were shared over the 90-minute session.

VIA is thrilled with the response to the mini-series and will continue hosting member (and potential member) events in the future.

To learn more about the GDAC™ program or to try out the 30-Minute Pilot, visit our website.

AFWERX Announces VIA Among Top Teams Selected to exhibit at EngageSpace (September 29-30) The Premier Event for the Space Industry

Somerville, Mass., September 14, 2020 – AFWERX, the catalyst for fostering innovation within the U.S. Air Force, announced VIA as one of the 178 top participating teams selected from The AFWERX Space Challenge initiative to exhibit at EngageSpace, a virtual two-day event on September 29-30.

The AFWERX Space Challenge initiative is made up of four challenges targeted at creating integrated space operations leveraging the best in technology while maintaining security, being resilient and increasing agility. Four challenges were run concurrently focused on separate topics – Persistent ISR, DoD Commercial Space Partnerships, Global Space Transport and Delivery and Space Asset Resiliency.

Located in Somerville, VIA is competing in the Persistent ISR Challenge alongside a diverse group of teams that represent entrepreneurial startups, small businesses, large enterprises, academic institutions and research labs.

“The solutions submitted for these space challenges represent the bleeding edge of space innovation,” stated Brennan Townley, AFWERX Challenge Collaboration Lead. “We’re excited to highlight these innovators and connect them with opportunities across the Space ecosystem.”

The Persistent ISR Challenge strives to bring together the existing and future technology solutions to create a comprehensive Intelligence, Surveillance and Reconnaissance (ISR) system that spans the globe.

Trusted Analytics Chain™ (TAC™) from Via Science Inc. (VIA) simplifies the fusion and tracking of data from disparate systems. TAC™ offers USAF Commanders a robust and flexible data fusion layer to feed operational dashboards, AI/ML-enabled decision support systems, or predictive analytics tools. Unlike other platforms, TAC™ brings an analyst’s query or algorithm to where data is located, runs analysis there, and only returns to the analyst authorized answers. This avoids the cost and complexity of centralizing data or creating data lakes.

The EngageSpace event will feature highly engaging opportunities to connect, educate and innovate with other like-minded attendees, industry leaders, individual innovators, academia, investors, as well as military and government leaders. The entire event is designed to transform and accelerate the industry, and enable government buyers to pursue the most promising innovative solutions to the most pressing and threatening Space scenarios.

Register for the EngageSpace event by visiting https://engage.space

“Data fusion is inherently complicated because essential data is distributed across physical or virtual storage locations; formats; degrees of quality and completeness; levels of security classification; and ownership (e.g., DOD, commercial vendor, public domain, etc.). We’re honored to be one of the few selected to present TAC™  to the Space and Missile Systems Center and Pacific Air Forces to address this need,” said Joe Babiec, VIA’s Senior Vice President, Strategic Initiatives.

About VIA

VIA helps governments, regulators, and power companies deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has received an InnovateMass grant from the Massachusetts Clean Energy Center and has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

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ABOUT AFWERX

Established in 2017, AFWERX is a product of the U.S. Air Force, directly envisioned by former Secretary of the Air Force Heather Wilson. Her vision of AFWERX — to solve some of the toughest challenges that the Air Force faces through innovation and collaboration amongst our nation’s top subject matter experts. AFWERX serves as a catalyst to unleash new approaches for the warfighter through a growing ecosystem of innovators. AFWERX and the U.S. Air Force are committed to exploring viable solutions and partnerships to further strengthen the Air Force, which could lead to additional prototyping, R&D, and follow-on production contracts.

Fast Company named AFWERX Best Workplaces for Innovators on the 2020 List, honoring the top 100 businesses and organizations that demonstrate a deep commitment to encouraging innovation at all levels. AFWERX, U.S. Air Force’s innovation arm and catalyst for fostering innovation within the Air Force, came in at #16 ranking in the top 20 alongside brands such as Microsoft, Google, and Amazon. Preview the live announcement with Stephanie Mehta, Editor-in-Chief of Fast Company, unveiled during the AFWERX Fusion 2020 Base of the Future Event & Showcase.

Media Contacts:

Tracy Skenandore / Makenzie Coombs

AFWERX@kirvindoak.com

 

VIA’s TAC™ Platform Used by Competing Analysts at Swiss Energy Hackathon to Analyze Private Data

The Energy Data Hackdays 2020 hackathon in Switzerland this past weekend marked a major milestone for VIA. This was the first time our Trusted Analytics Chain™ (TAC™) software platform was used by multiple independent third-party analysts in a highly competitive and time-compressed environment. 

A team from Lucerne University of Applied Sciences and Arts (HSLU) in Switzerland used TAC™ to analyze data in the US and Asia. No data was transferred to the analysts.

The HSLU team wearing their VIA t-shirts while using TAC™ as their data analysis platform during last weekend’s hackathon.

Why was this significant?

Swiss law prohibits many different types of data from leaving the country. This means:

  1. In many cases, cloud services cannot be used to store data (e.g., AWS does not have servers in Switzerland) 
  2. Use of foreign analysts, or international benchmarking and other kinds of analyses are impossible

This kind of “locally trapped data” is common across the globe. We have heard many companies who have subsidiaries in the EU, US, and China lament that they cannot analyze or compare data even internally.

VIA’s TAC™ platform was designed specifically to solve this problem (see Let’s TAC™ About It blog series for more details on how this works). For demo purposes, VIA also placed a smart meter dataset on an Azure server in Switzerland connected to TAC™. Analysts used Amazon AWS workstations hosted in the UK to analyze the data remotely.

Final hackathon presentation from Ben Bowler of HSLU.

Why use TAC™ during a hackathon? 

The promise of privacy-preserving analysis is compelling but it also has to be fast and easy. Can you really analyze data without seeing it? A hackathon is the perfect environment to validate this. That is, can analysts who are unfamiliar with this approach and the TAC™ platform learn it quickly enough to generate analytical results in a time restricted environment?

The answer at the Swiss hackathon was: yes.

Ben Bowler, Senior Research Associate – Intelligent Energy Systems, of HSLU said:

“For data analysts used to being the owner and master of their datasets, TAC™ represented a complete paradigm shift. It created the opportunity to access private, hidden datasets, allowing analysts to create insights from a global pool of data that would have been impossible without TAC™, even in a limited space of time. 

In a world where data privacy is becoming increasingly important, the ability to access data in this way will become essential. There were challenges and lessons to be learned in preserving data privacy using TAC™, but the support provided by the VIA team was excellent and allowed the analysts to equip themselves with the skills necessary to analyze sensitive data without transferring it from its owner. We are looking forward to taking the challenge forward, and are also investigating smart meter applications, where we see huge potential for this technology.

The HSLU team was able to demonstrate that significant insights can be gained through TAC™ even while data remains remote. More details of the specific analysis will be featured in upcoming blogs.

Are you interested in a hackathon for your data while keeping it private and secure? Reach out to us at info@solvewithvia.com.

 

Hawaiian Electric Extends Commitment to GDAC™: Substation Transformers

VIA and Hawaiian Electric are pleased to share that Hawaiian Electric has extended its commitment to the Global Data Asset Collaborative™ (GDAC™): Substation Transformers. By extending and expanding its commitment to GDAC™, Hawaiian Electric hopes to further improve decision making and regulatory support related to its transformer fleet. In its second year, Hawaiian Electric plans to use GDAC™ to more effectively assess the current and predicted health of its transformers to better plan and prioritize proactive replacements, strengthen spares assessment and contingency planning, and identify opportunities to further enhance its substation transformer preventive maintenance.

Hawaiian Electric recognized that GDAC™, from its founding, has the potential to develop new insights and enhance its current predictive capabilities by using advanced data science and analytics to learn from Hawaiian Electric’s and partner utilities’ historical transformer condition and failure data. Since then, in 2019, Hawaiian Electric helped increase GDAC™ membership by including its Maui County and Hawaiʻi Island operating areas, to expand analysis from more than 300 substation transformers on Oʻahu to 500-plus across Maui, Lānaʻi, Molokaʻi, and Hawaiʻi Island.

“Hawaiian Electric has in the past performed various types of predictive analytics to forecast annual failures, determine adequate spares inventory, and estimate expected remaining life for our substation transformers. We joined GDAC™ to enhance our capabilities by learning from other members and learning more about the application of artificial intelligence and machine learning,” said Rick Pinkerton, Hawaiian Electric director of asset planning & strategy.

“We’re thrilled that Hawaiian Electric has extended its GDAC™ membership. At the end of last year, Hawaiian Electric was named “Utility of the Year” by Utility Dive for being a trailblazer in the industry and for its commitment to 100% clean energy by 2045 or earlier. Having the support of such an innovative and driven company can only help lead the entire utility industry to a more data-driven future,” said Kristen Merrill, VIA’s Vice President, Client Delivery.

Hawaiian Electric is supporting the recruitment of other members to join GDAC™: Substation Transformers to bolster predictive capabilities, gain more insights about their fleet, and to share practices and expertise.

About VIA

VIA helps governments, regulators, and power companies deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has received an InnovateMass grant from the Massachusetts Clean Energy Center and has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

About Hawaiian Electric

Hawaiian Electric serves 95 percent of Hawaiʻi’s 1.4 million residents on the islands of Oʻahu, Hawaiʻi Island, Maui, Lānaʻi and Molokaʻi, and has a goal of 100 percent renewables by 2045.

VIA Wins Swiss National Energy Project

VIA, a leader in providing energy analytics while maintaining data privacy and security, has been awarded funding from the Swiss Federal Office of Energy (SFOE) for a project called KnowlEDGE. The joint proposal with Lucerne University of Applied Sciences and Arts (HSLU), Romande Energie SA, and a major smart meter manufacturer, was the top ranked amongst submissions that were selected from a lengthy and highly competitive judging process.

“We are proud to have been selected as the top submission by the Swiss Federal Office of Energy. Together with HSLU and Romande Energie, we will enhance VIA’s Trusted Analytics Chain™ (TAC™) capabilities to run AI algorithms directly on smart meters, also known as edge computing,” said Jeremy Taylor, VIA’s Chief Scientific Officer.

The project will be delivered in Switzerland and led by HSLU. Ben Bowler, from HSLU, said, “this project is an exciting opportunity to bring together leading technology and advanced data science in a way that will benefit utilities and clean energy adoption both within Switzerland and globally.” 

Through the support of SFOE’s program, the collaborative will develop edge computing capabilities on smart meters. This will enable increased data privacy since data from individual meters will not be centralized.

The project will also increase temporal resolution of data, meaning more data can be analyzed more frequently. Traditional methods only allowed for 15, 30, or 60-minute intervals of smart meter data analysis due to the size of data and privacy concerns. With edge computing, this data can be analyzed every minute. This will allow real-time feedback to consumers on their energy usage and better preventative maintenance (e.g., upgrades to transformers because EVs are readily detected).

About VIA

VIA helps governments, regulators, and power companies deliver $200Bn in energy every year to more than 100 million customers. VIA’s privacy-preserving analytics software, Trusted Analytics Chain™ (TAC™) reduces the cost and improves the quality of service of electricity transmission and distribution using AI and blockchain technologies. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. VIA established the Global Data Asset Collaborative™ (GDAC™), built on top of TAC™, to allow multiple companies to securely pool data for more accurate analytics. Headquartered in Somerville, Massachusetts, VIA has received an InnovateMass grant from the Massachusetts Clean Energy Center and has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

VIA Listed Among 32 Technology Startups Redefining Energy by StartUS Insights

VIA is proud to be recognized by StartUS Insights as one of 32 companies out of nearly 10,000 surveyed that are changing the energy landscape.

According to StartUS Insights:

“We analyzed 9.926 energy technology startups and emerging companies working on solutions for the energy sector that are highly relevant for accelerating the progress of the seventh SDG of ‘Clean & Affordable Energy For All’.”

For the full article including visuals and overviews of other companies, visit the StartUS Insights website.