EPRI Members Testing TAC™ Platform to Manage Smart Meter Data

VIA is excited to share that we are collaborating with the Electric Power Research Institute (EPRI) and several of its member utilities on a project that seeks to uncover how AMI (smart meter) data can be better managed while made more accessible. The most notable participating utilities include Consolidated Edison (ConEd), American Electric Power (AEP), Électricité de France (EDF), and Pacific Gas & Electric (PG&E).

Recent regulations in the European Union as well as several states including California, Illinois, and New York, have mandated more open access to AMI data to support an accelerated clean energy transition. These regulations have created a “tug-of-war” with existing data privacy and security regulations. VIA’s Trusted Analytics Chain™ (TAC™) platform solves this issue.

As part of the project, VIA will configure, deploy, and demonstrate how TAC™ can integrate with an EPRI member’s existing processes to manage data access requests. EPRI will provide its expertise to evaluate how well VIA’s technology meets data privacy test scenarios commonly used when third parties request access to power provider’s meter data. For these tests, a public dataset is being used.

“The power industry is being disrupted in a way not seen for 100 years. The integration of distributed generation, intermittent renewables, and dramatic changes in load from EVs is putting incredible stress on the grid. To see increased adoption of clean energy, we need more data from more power providers accessible to more analysts. TAC™’s ability to make energy data analyzable while complying with the strictest data privacy and security regulations will help pave the way for clean energy solutions across the globe,” said Colin Gounden, CEO of VIA.

About EPRI

The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery, and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI’s members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to 40 countries. EPRI’s principal offices and laboratories are in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.

About VIA

VIA is powering the clean energy revolution. Working with the world’s leading utilities, clean energy companies, and government agencies, VIA’s software overcomes the most common barriers to AI: lack of data, data quality issues, and data privacy concerns. As a result, VIA’s software accelerates the AI required for the clean energy transition. VIA also provides the bridge that enables EVs, battery storage, demand response, and distributed energy resources to be on the grid. Headquartered in Somerville, Massachusetts, with a technology center in Montreal, Quebec, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

 

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 Invited to Speak on Virtual Round Table During BNEF Summit

VIA’s CEO Colin Gounden has been invited to speak on a virtual round table during BloombergNEF’s Summit on April 13 and 14. The round table session titled, “Startups and Corporations Hosted by BloombergNEF and Plug and Play” will take place on April 14 from 3:00 – 4:00pm ET. Participants will talk about the challenges and opportunities in deploying their technologies with large corporate partners. To register for the event, visit: https://about.bnef.com/summit/newyork/.

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’s CEO Colin Gounden Invited to Speak at ASME Wind Digital Solutions Summit

VIA’s CEO Colin Gounden has been invited to speak during the American Society of Mechanical Engineers (ASME) event: Wind Digital Solutions Summit. Colin will speak on April 20 at 1:00pm ET during the session titled, “Data Sharing and Access: Enabling Research & Innovation.” For more information and to register for the event, visit: https://event.asme.org/Wind-Digital

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’s CEO Colin Gounden Speaking on Panel at AFWERX Reimagining Energy Showcase

VIA’s CEO Colin Gounden has been selected to speak on the Energy Data Panel during the AFWERX Reimagining Energy Virtual Showcase. Colin’s panel will take place on February 9th at 2:28pm ET. To register for the event and attend his panel, visit: https://reimaginingenergy.afwerx.com/

VIA Selected by AFWERX to Pitch Solution to Reimagining Energy Challenge and Showcase at Virtual Event

VIA is proud to have been selected to pitch to a group of government evaluators for the Reimagining Energy Challenge presented by AFWERX. Our solution aims to “help the DoD better leverage data, analytics, and reporting to improve energy strategies.” In addition to our pitch, we will be participating in the virtual showcase on February 9, 2021. To learn more and register for the event, please visit their website: https://reimaginingenergy.afwerx.com/

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 CEO Colin Gounden Keynote Speaker at IF Forum Virtual Event in Taiwan

VIA’s CEO Colin Gounden will be giving the keynote speech at the IF Forum virtual event in Taiwan. The topic of the event is, “The development, boundaries and imagination of privacy technology: Taking the energy transition.” The event will focus on the transition to clean energy. Colin’s presentation will take place on January 22, 2021 at 6:40am ET. Check back for more information on the upcoming event!

End of Year Reflection

Over the last six months, VIA has shared 24 posts about our technology and partnerships. For our last post of 2020, we wanted to share a more personal note with our readers.

Looking back at our 2019 wrap-up blog, we had big ideas for 2020. Little did we know what that might entail.

Like every individual and company around the world, the pandemic re-routed us multiple times. However, we can’t help but be grateful for how our colleagues have responded, adapted, and accomplished in a year that was full of unforeseen speed bumps. Below are the ways our team found its way during 2020.

Transition to remote

Unbeknownst to us, Pi Day (3/14) would be the last day that we were all together in our offices.

Just as quickly as we demolished our pies, our team was up and running, fully remote. With some tweaks to home working spaces and more frequent touch points (like more one-to-one meetings and daily Scrum of Scrums), the team found its new groove. Having already worked across Montreal and Somerville for three years, the team remained productive while working from home.

Team growth and engagement

From a hiring standpoint, VIA just kept on growing! 

Our technology headquarters moved from Griffintown to Downtown Montreal. We can’t wait to be all together in the new space and host some exciting events for the local McGill and greater Montreal tech communities.

Our office move was motivated by our growth, since June we brought nine new team members on board and quickly refined the art of fully virtual recruitment and onboarding. We may not know the “in real life” height of our newest colleagues, but thanks to well-organised planning, frequent virtual check-ins, and the tremendous patience and generosity of our onboarding advisors and mentors, each one has been integrated to our team with overwhelming success. 

Always putting our people first

As a family-friendly company and one where “being each other’s biggest fan” is a core value, we doubled down on our efforts to consider the needs and wellbeing of our team. Sometimes, that meant cameos from children in meetings or adjusted schedules. For others, it was an encouraging reminder to keep going during one of our virtual workout sessions.

Above all, we maintained that there is no one way for people to respond in a year such as this. Whether team members needed to disconnect from the virtual world after work hours or join virtual “pub club”, paint night, or our first globally coordinated VIA Thanksgiving, either was equally fine.

Initiatives 2.0

With our expanding, distributed team, and a new style of working, it was important that VIA remained responsive to the rapidly changing environment. We introduced several wellness initiatives and upped our dosage of flexibility and compassion. From things like virtual yoga or frequent surveys to check-in, we always had our team’s wellbeing in mind.

As COVID-19 re-surged in the fall, we introduced the “VIA Vault” where team members earned points for things like technology fails (e.g., frozen video conference screens) or unexpected doorbells or pets joining meetings. The points will go towards a company-wide event, activity, or whatever it might be when we are all back together.

Lastly, this year was the first time in our company’s history that we did not have an in-person company offsite. That didn’t stop us, however, from having a multi-week mini-series to reflect on the year and unite and excite the team around VIA’s clean energy mission. 

We feel incredibly grateful for the resiliency and flexibility our team has shown during this challenging year. We thank them and we extend our thank you to our customers and investors for their continued support as well. We hope that no matter where you will be working from in 2021, you will have a happy, prosperous, and most of all “return to normal” 2021.

Let’s TAC™ About It: The Value of TAC™

For the twelfth installment of our blog series, we will cover how utilities quantify the value of using TAC™. So, are you ready to TAC™ about it?

In our last Let’s TAC™ About It post, we provided a few examples of customer use cases for TAC™.

A follow on question that we often get is, “how do you quantify the value of TAC™ in those use cases?” 

There are multiple ways to approach this, however the most common method is to compare what TAC™ is doing with “the next best alternative.” For most customers, that would be custom building your own data privacy and analysis platform or integrating multiple packages from multiple vendors.

One of VIA’s largest customers considered doing just this. They had evaluated more than 20 vendors and IT integration firms for their needs before we met them. This customer articulated these three big benefits when choosing TAC™ over their next best alternative:

  1. Speed: Because TAC™ has a wide array of built-in features, they could count on being up and running much faster than custom applications. In this instance, other vendors estimated as much as a two year timeframe to build and test an IT platform for their needs. VIA was able to do this in less than four months from the time our contract was signed with them. Even better, within three weeks of using the new platform, they were able to make significant decisions including upgrading $10 million in equipment and planning an equipment replacement, which they estimate will save them $1.2 million per year.
  2. Risk reduction: Custom IT solutions and integration are infamous for delays, budget overruns, and not meeting specifications. Since TAC™ has already been tested and deployment is automated, timelines for future deployment are highly reliable. Prospective TAC™ customers can also see and test features in advance to help make configuration decisions.
  3. Support: Because other customers are already using TAC™, VIA has a strong customer support team and process in place. In addition, upgrades and enhancements are rolled out roughly every month. These upgrades are for all users regardless of their implementation.

Interested in learning more? Write to info@solvewithvia.com for more details on the value of TAC™ for our customers.

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.