Tim Gitau, VIA’s Energy Solutions Lead, attending NYCHA Electrification Summit at Climate Week NYC

/ /by

Are you traveling to NYC for Climate Week? VIA’s Tim Gitau, Energy Solutions Lead, sure is! Tim will be making his way to NYC on Thursday, September 22nd to attend NYCHA Electrification Summit. The event, which is limited to just under 50 attendees, has a goal of developing a one year plan that includes ways to accelerate teamwork, funding, and project execution across the NYC energy ecosystem. For more information, visit the event website.

Meet the Team: Sam Cruickshank, Market Strategy Specialist

/ /by

We’re back with a fan favorite: VIA’s Meet the Team blog series! Through a Q&A-style interview, you will hear from our very own VIAneers about everything from a typical day at VIA to their favorite books, emojis, and activities outside the office. Now, let’s meet ‘em! 

What does a typical day at VIA look like for you?

There is no typical day for me at VIA! My days are a mix of business development, go-to-market planning, and sales strategy related activities. These activities can range from partner management to constructing government proposals to figuring out how to optimize our sales tools in order to drive efficiency and organization across the commercial team. 

How has VIA’s adoption of flexible work locations impacted your work-life harmony?

I really enjoy VIA’s flexible work arrangement. I’m usually in the office a few days per week. I enjoy the collaborative nature of in-person meetings with my colleagues. My role is one that requires constant collaboration with my teammates, and although we function well working remotely, some things are just easier in-person!

Plus, I’m known for being a connoisseur of the office snack drawer…but don’t tell anyone! If anyone asks, it was Will Chapman 🙂

What’s something you have worked on at VIA that you are most proud of?

A lot of the work I do for VIA is covered under customer confidentiality. So, although I can’t comment on the specifics, I’m proud of the government proposals we have submitted as well as the partner management strategies that I have developed collaboratively with my colleagues. Additionally, I am proud of the workflow processes that our team has created through our tech stack to optimize the relationships with our partners. We consistently set a high bar for ourselves, and as many know, the first step in reaching such standards is having an organized process. Now, we’re on to the next steps!

What’s your favorite VIA memory?

This is a tough one – probably a mix of the late nights working on proposals, a prank that my teammates pulled on me, and company related trips!

What’s something everyone may not, but should, know about working at VIA?

The VXP and company values are real! It is very impactful to hear and watch leadership stick to these values on a daily basis.

What is your favorite customer success story at VIA?

Generally speaking, I find it very exciting to watch how VIA’s technology can be uniquely tailored to fit customer needs through a combination of the dynamism and flexibility of our technology and the agile software development approach. I have enjoyed watching the transition of the work that we compose in proposals to the technical implementation of that work by our fantastic and incredibly skilled technical team. One example that comes to mind is VIA’s current work with USAF’s AMC (Air Mobility Command).

What potential do you see in VIA’s Web3 projects?

I think there is a lot of potential here – it is very exciting to be part of a software company that is at the cutting edge of web development, and doing so while holding true to our mission and values. My time at VIA has opened my eyes to the distributed data reality that many companies across industries face, and it is exciting to be part of a team that provides a unique solution to these challenges. 

Just for fun this time, what are your top three favorite podcasts / books?

I’m a big fan of historical fiction and non-fiction – A Gentleman in Moscow by Amor Towles is one of my favorites. Currently, I’m reading a non-fiction book by Jimmy Soni titled “The Founders: Elon Musk, Peter Thiel and the Company that Made the Modern Internet “. Always looking for new suggestions though!

In terms of podcasts, I’ve started to listen to the WSJ What’s News podcast recently.

What are your favorite emojis?

😂 – 🐐 – 🐿

Are you interested in joining a team like Sam describes? Read more about our cutting-edge technology and values here.

Chainlink invites VIA’s CEO Colin Gounden to speak at groundbreaking Web3 event, SmartCon 2022

/ /by

Calling all Web3 Visionaries and Builders! We’re proud to share that VIA’s CEO Colin Gounden has been invited to speak at the exclusive event, SmartCon 2022 hosted by Chainlink. Colin’s talk at the two-day event in New York City, which some consider the must-attend Web3 event this year, will cover how VIA’s Skylight is leveraging smart contracts, tokens for incentives, and zero knowledge proofs to support energy self-sufficient communities. Visit the event page for more info!

VIA’s Energy Solutions Lead, Will Chapman, hosting booth at Oklahoma’s Electric Cooperatives’ Superintendent’s and Engineer’s Conference

/ /by

Mark your calendars! VIA’s Energy Solutions Lead, Will Chapman, will be attending and hosting a booth at Oklahoma’s Electric Cooperatives’ Superintendent’s and Engineer’s Conference in Oklahoma City. The two-day annual event held on September 28th and 29th will gather individuals from local electric utilities to discuss new technologies, regulations, and standards. Follow us on LinkedIn and Twitter for updates.

VIA hosting largest ever company-wide in-person power up in Montreal

/ /by

For the first time in three years, VIAneers from across the globe will get together for a two-day company-wide in-person meeting we call, Power Up! Through an “unconference” inspired approach, the meeting, taking place in our beautiful downtown Montreal office, will emphasize creativity and collaborative group discussions. Be on the lookout for lots of photos and updates next month!

VIA participates in third consecutive Energy Data Hackdays event in Brugg, Switzerland

/ /by

For the third year in a row, VIA has been invited to participate in Hightech Zentrum Aargau AG’s Energy Data Hackdays in Brugg, Switzerland. Swiss Expansion Manager, Ray Neubauer will represent VIA over the two day event (September 16 and 17) and propose a challenge developed by VIA’s Skylight team. Stay tuned for creative solutions!

Top Burning Questions Q1: What’s the connection between the DoD and Web3?

/ /by

With all the buzz around Web3 and our soon-to-be officially launched Skylight application, it’s no wonder customers and partners have asked some incredibly thoughtful questions. So, we’re sharing our answers in a multi-part series with the best readership out there: YOU! 

Let’s get right to it!

Question: You do a lot of work with the U.S. Department of Defense (DoD). That seems at odds with Web3’s decentralized and individual value. What’s the connection between the DoD and Web3?

That’s a fair question. It turns out that a lot of what is happening in the Web3 world is directly related to defense and vice versa. 

In short, both consumers and the DoD have increasing data privacy and anonymity concerns. The DoD accepting our technology is great validation for consumers. If you can make the technology work for consumers, you can make it easy to use and scalable for the DoD.

People forget that the “crypto” in “cryptocurrency” is short for cryptography. So instead of thinking of a peer-to-peer financial transaction (e.g., you and me trading bitcoin directly) think of data as the asset using many of the same technologies.

A blockchain can store the record of the transaction. Smart contracts control under what conditions data is exchanged or analyzed. Zero-knowledge proofs verify anonymously that the data is what people say it is.

So, any time you want to keep data private and compartmentalized but also verify that it’s real, Web3 technologies have a huge advantage here.

An example is: you have 30 countries in NATO all of whom, now more than ever, need to share information about a conflict right on their doorstep … but … they don’t have integrated systems and, frankly, don’t even want to share all information with each other.

If you can securely share insights across 30 million users anonymously with Web3 technologies, then 30 intelligence agencies is not an issue at all.

In summary, we’re leveraging Web3 technologies to help consumers and validating the security and privacy elements with our DoD customers.

Appreciate the summary, but need to know more? Check out our Skylight page or better yet, send us a note: info@solvewithvia.com.

 

The Merge and what it means for clean energy

/ /by

As we outlined in our most recent blog post, there’s massive pressure across the board to reduce energy costs and prevent power blackouts. For governments, utilities, industry, and many consumers, improving how we consume and manage energy has become a number one priority to maintain grid reliability.

One area that’s about to do its part to relieve this pressure is blockchain. Colloquially called “The Merge,” a long awaited change in the validation (or “consensus”) mechanism on Ethereum will be finalized in September.

By most calculations, the new upgrade will use roughly 2000x less energy than the current consensus mechanism. Like most innovations these days (e.g., speech recognition, file compression, self-driving cars), math is at the heart of this improvement.

The key change is in the “proofs.” In a completely decentralized and anonymous network, how can you verify that a transaction between two parties actually happened, when there’s no intermediary? For example, if you and I are trading bitcoin and one of us disagrees on the amount that got transferred, who do we go to as an arbiter? Different mathematical proofs are used to verify which transactions are real. In short, the current proof (proof-of-work) is greedy for energy and the new proof (proof-of-stake) has the same level of validity but is much more energy efficient.

This is good news for everyone. Not only will one of the most popular blockchain mechanisms significantly reduce its carbon footprint, transactions (e.g., minting NFTs, smart contracts) will be significantly cheaper as well. The timing couldn’t be better. As we’ve written about, the use of smart contracts and Zero-Knowledge Proofs have huge potential to support the transition to clean energy.

You’ll have seen a lot of blogs and posts from VIA recently about our work in Zero-Knowledge Proofs. We also use an energy efficient proof-of-stake approach, although our work is focused on creating proofs for energy data. Connections to Ethereum through oracles were in our original 2018 white paper and part of our roadmap. Until The Merge, however, VIA has had a private blockchain dedicated to a few users (e.g., U.S. DOD) for secure, digital asset custodial tracking. With the changes to a cheaper, more energy efficient Ethereum, we plan on leveraging EVMs post-Merge, for our newest applications.

War, weather, and waning infrastructure: The urgent need for community-led grid resiliency

/ /by

To keep your lights on, the electric grid runs on one simple principle: power generation must be greater than power consumption. 

While simple in principle, this is a challenge in practice. Consider the following headlines from the past 30 days:

Power is experiencing a perfect storm that’s impacting consumers the most (high prices and blackouts1). The challenges are global, although with regional variations.

In Europe, sanctions against Russia are limiting fuel supply that has led to fuel shortages, price spikes, and, worst of all, outages2. Compounding the supply issues is an aging generation and grid infrastructure. For example, France, normally self-sufficient or a net exporter of power, has 31 of its 57 nuclear power plants shut down due to unexpected maintenance3. This hits at a time when Europe and the U.S. are facing record heat waves4. As air conditioning is not as widespread in Europe, the bigger concern is that in a severe winter, when energy consumption generally doubles, outages will be even more widespread56.

In the U.S., sanctions against Russia have increased fuel prices but have not impacted supply directly. What’s more problematic is that while solar and wind generation is on the rise, connecting the power to the grid is slow, sometimes taking over a year, due to regulatory reviews and backlogs or the lack of energy capacity7. An aging infrastructure is also struggling to keep up with electrification. This is already having an impact in both New York and Texas as heat waves in the U.S. have been record breaking in temperature and duration.

To solve for this, many utilities are engaging their customers directly. The idea is that when consumers lower their electricity usage, they keep demand lower than supply. While many traditional businesses have done everything in their power to build a direct relationship with their customers, most consumers only know their utility through their monthly bill and when the lights go out.

Similar to how the first generation internet helped improve customer engagement (e.g., email, online billing, order tracking), we see Web3 as a way to bring grid operators closer to their customers through direct engagement on the transparency and tracking of their electricity usage. Technologies like Zero-Knowledge Proofs, smart contracts, and tokens can help grid operators incentivize, coordinate, and track individual consumer usage while maintaining complete data privacy.

You’ll have seen some of VIA’s tech stack already demonstrate some of this functionality through our blogs. In the coming weeks, we’ll be talking more about how VIA can provide a turn-key solution to power providers and grid operators.

Transformer Tuesday: Battling brain drain

/ /by

This is the ninth installment of our blog series, “Transformer Tuesday,” brought to you by VIA’s Will Chapman. In this series, we’ll address how leading utilities use VIA’s GDAC™ solution to manage their substation transformers with greater ease, insight, and cost effectiveness.

Grid reliability requires thoughtful preventative maintenance and replacements of critical assets like substation transformers. With soaring retirement rates and a tough hiring market, many utilities are faced with making hard asset health decisions with limited time and historical knowledge.

Taking a step back

Take a minute to put yourself in the shoes of an asset manager.

You are responsible for creating multi-year asset plans to address grid infrastructure vulnerabilities and replacement strategies.

There are dozens of different pieces of equipment at each substation and knowing the performance and health of each asset is both an essential and ongoing challenge.

Utility Asset Manager

You, like many others on your team, rely on the expertise of long-standing experts in your company who have acquired years of insight into an asset. They can provide colorful context and guidance on what happened historically or how to interpret certain results.

Your most knowledgeable expert is set to retire at the end of the year. How will you transfer all the knowledge you don’t know? You don’t even know what you need to ask about certain assets!

To make the best use of your most valuable assets with years of knowledge, experience, and pattern recognition, you need a way to transfer that critical insight to the new workforce.

Navigating the realities of the times

With 50% of the utility workforce set to retire within the next 10 years, the electricity sector having difficulties hiring replacement personnel, and the vast amounts of experience and knowledge needed to have a deep understanding of asset performance and health, there is a potential looming threat to reliability efforts. 

Thoughtful data analysis can help to address reliability challenges caused by limited organizational knowledge of transformer health.

Pooling the shared knowledge and analysis of a single utility’s transformer fleet with the analysis of other utilities’ transformer fleets allows you to predict the future health condition multiple years in advance.

How thoughtful analysis helps to ensure reliability

VIA’s Global Data Asset Collaborative™ (GDAC™) has all of the above ingredients to make thoughtful and accessible analysis to ensure reliability!  

The web-based GDAC™ portal conveniently flags high risk transformers so that utility employees don’t have to manually aggregate and analyze data across multiple databases and reports.

The “Highest Risk Transformers” report flags transformers most at risk of failure.

With this insight, asset experts and strategic planners can filter and customize their searches on factors they are most interested in. Identifying early indicators of condition decline or trends in recent failures can be done in several clicks – giving utilities valuable time back when creating their asset management planning.

A transformer flagged for Dissolved Gas Analysis (DGA) concerns.

GDAC™ provides downloadable, visual reports so utilities can provide any supporting evidence to replacement recommendations, including private multi-utility benchmark comparisons. With this unique capability, utilities can see how the health of their individual transformers stack up against transformers owned by other utilities, like what you see below.

Want to expand your organization’s transformer knowledge base?

Reach out to me on LinkedIn or email sales@solvewithvia.com to set up some time to chat about how GDAC™ can help you plan for the future.

 

Open Source Monday: zk-SNARKs for Meter Data

/ /by

For the fourth installment of our “Open Source Monday” blog series, we provide a demonstration of a mathematical proof called zk-SNARK (an emerging Web3 standard) for energy data.

Today’s Open Source Monday blog is the culmination of a number of previous Web3 open source releases and blog posts.

First, frequent blog readers will know that we’re long-time believers in the potential of Web3 and its ability to accelerate the adoption of clean energy. Our blogs below make that clear:

These blog posts are in line with VIA’s mission to make communities cleaner, safer, and more equitable.

Second, we’ve been committed to creating the best tech stack that (1) supports the transition to clean energy and, at the same time, (2) maintains data privacy:

Finally, it’s clear that the “time is now” for the clean energy transition.

So, now that you’re caught up on the importance of Web3 at VIA, let’s get to the good stuff.

Today, we’re demonstrating a zk-SNARK version of our proof for meter data. For those zk-SNARK fans out there, we’ve got a short video for you that shows step-by-step the contracts and code we have created to verify consumer electricity meter data and maintain strict data privacy.

With the integration of this proof, VIA’s Skylight application enables energy consumers to profit from interest in their data, while keeping their identities completely anonymous. We’re excited that Skylight is ready to support consumers and power providers globally. Stay tuned for more exciting commercial announcements in the next month on this topic. In the meantime, you can find more details in our Skylight white paper.

The BIG (but hidden) deal in the Inflation Reduction Act and other upcoming regulations

/ /by

Following the $1.2 trillion Infrastructure Investment and Jobs Act (or Bipartisan Infrastructure Law) last year, an additional $437 billion in Tuesday’s Inflation Reduction Act may seem like small change. 

It’s not.

Unless you’re into the policy details like VIA is, one thing that may have gone under the radar is that there’s the potential to add billions of dollars to consumers’ wallets and purses each year. The reason isn’t the tax credits or incentives in the bill itself (although that’s certainly part of it).

There are two different pieces of legislation and regulation that are going to make this happen. The first is this week’s Inflation Reduction Act and second is FERC 2222. The rule came out a few years ago, but won’t go into full effect until 2023. This is a national (except Texas) rule that makes it possible for pretty much anyone to participate in the wholesale energy markets. 

Wait, wholesale what?

In short, FERC 2222 says that consumers of a certain size (individually or aggregated together) can buy and sell energy at the same price that a multi-billion dollar company can. Up until now, most consumers were paid or saved whatever their going retail rate was (e.g., $0.15 to $0.30 per kWh) for reducing their consumption, shifting the time of their consumption, or selling their generation (e.g., solar) back to the grid. While not nothing, wholesale electricity rates can fluctuate dramatically. For example, during emergencies, wholesale prices can be MUCH higher (e.g., $20 per kWh). Those volatile, skyrocketing prices are becoming more frequent and lasting longer. We’ll actually be talking about the drivers of that volatility in an upcoming blog post.

The impact is that, by some estimates, a consumer could earn $500 to $1,000 (your mileage may vary) per year through various demand response programs. That’s with retail pricing. With wholesale rates, those cash payments will be significantly higher.

So that’s FERC 2222. What’s the connection to the Inflation Reduction Act?

Well, a lot of incentives are in place for consumers to upgrade to electric heat pumps, add solar, add EVs, and upgrade appliances. Anything new has the potential to be “smart.” That is, remote controlled so it can automate the process of turning on or off when needed. Like during an emergency.

The combination of new “smart equipment” purchased through the Inflation Reduction Act and FERC 2222 mean greater incentives and lower barriers to adoption (automated transactions instead of manual transactions).

If you follow the news, there’s been some backlash against the idea of having a company, like a utility, remote controlling the appliances in your home. 

We agree. That’s why we believe so strongly in our new Web3 solution, Skylight.

Three key benefits of VIA’s Skylight value proposition are:

So, overall, we’re pretty excited about the combination of events playing out right now. For savvy consumers, there’s HUGE potential for additional income and you don’t even need your tax accountant to help you out.

Of course, we’re equally excited that the regulatory direction is in line with VIA’s overall mission to make communities cleaner, safer, and more equitable.

Stay tuned for more upcoming announcements from VIA on this topic.

  1. Text – H.R.3684 – 117th Congress (2021-2022): Infrastructure Investment and Jobs Act
  2. H.R.5376 – 117th Congress (2021-2022): Inflation Reduction Act of 2022
  3. The actual amount will vary by size of home, local tariffs, local grid topology, etc. In many instances, demand response happens through an aggregator who may take as much as 90% of the savings for their role as a middle man.
  4. A demand response program is a program where electricity consumers agree to reduce their power consumption a certain number of times per contract period in return for financial compensation. A twist on this model is the Ford F-150, Duke Energy program. “Pilot incentives will reduce vehicle lease payments for program participants who lease an eligible electric vehicle (EV), including Ford F-150 Lightning trucks. In exchange, customers will allow their EVs to feed energy back to the grid – helping to balance it during peak demand.”

Nasdaq’s streaming show, TradeTalks, interviews VIA’s CEO, Colin Gounden

/ /by

VIA’s CEO, Colin Gounden, was invited by Jill Malandrino, Global Markets Reporter at Nasdaq, to be interviewed on her show about trends in the global capital markets, TradeTalks, which boasts over 11,000 followers on Twitter. Jill hosts one-on-one interviews with industry leaders to chat about market trends and the crypto space, among other areas.

During the over six minute interview, Jill asked sharp and insightful questions about blockchain, smart contracts, and clean energy. Colin and Jill also discussed the relevance of Web3 and the Department of Defense. 

We don’t say this a lot, so believe us when we say, this is a must-see interview. Visit the Nasdaq website for a recording of the talk here.

Transformer Tuesday: Accurately Prioritize Transformer Replacements with GDAC™

/ /by

This is the seventh installment of our blog series, “Transformer Tuesday,” brought to you by VIA’s Will Chapman. In this series, we’ll address how leading utilities use VIA’s GDAC™ solution to manage their substation transformers with greater ease, insight, and cost effectiveness.

Electric utilities have a hard job. They have to ensure reliability to their customers in the midst of:

With constrained budgets, rising transformer costs, and longer lead times, how can utilities ensure they accurately prioritize the right transformer replacements now and in the future?

GDAC™ provides utilities with the tools needed to precisely prioritize transformer replacement 

There is a cost effective solution that provides utilities with insights into the current and projected health of transformers at a cost any utility can afford: VIA’s Global Data Asset Collaborative™ (GDAC™).  

GDAC™ provides a secure way for utilities to pool data about their transformers (including data from measurement tests like dissolved gas analysis, oil, and furan) without compromising data privacy. By pooling data from multiple utilities, the key differentiator of GDAC™, robust quantities of data are made available for artificial intelligence (AI) to train accurate models to predict transformer health 1-10 years in advance.  

GDAC™ leverages a completely transparent Condition Based Rating (CBR) system that is based on industry standards and was co-created and validated by our founding utility partners. This gives asset managers confidence in how the rating is created and helps make it easier to interpret what to do with the results.

All of these insights are made available to asset managers in one place, in the convenience of a web-based portal. Some example reports from the GDAC™ portal that our current members love:

Utilities can use the 10-Year Condition Forecast report for a bird’s eye view of their fleet’s health, compared to other GDAC™ partners.

For more actionable granularity, GDAC™’s Highest Risk Transformers page flags individual transformers that currently have issues and are forecasted to decline over the next 3 years.

Want to accurately assess your transformers current and future condition?
Send me a note on LinkedIn or email sales@solvewithvia.com to set up some time to chat and get a free analysis of your most at risk transformers.

Transformer Tuesday: Anticipating EV Charging Challenges Facing Transformers

/ /by

This is the sixth installment of our blog series, “Transformer Tuesday,” brought to you by VIA’s Will Chapman. In this series, we’ll address how leading utilities use VIA’s GDAC™ solution to manage their substation transformers with greater ease, insight, and cost effectiveness.

For 50 years, substation transformers were built to run during the day and taper down at night to cool. Now, picture your neighborhood lined with electric vehicles (EVs). Once your neighbors end their workdays and don’t need to use their vehicles anymore, they plug their EVs in to “juice up”.

While this is convenient for EV drivers, this significantly increased demand for evening voltage places additional wear-and-tear on the electricity grid during times when transformers are used to cooling down. In this scenario, transformers stay running and can overheat or experience a malfunction (not unlike a car if you think about it).

According to a 2021 McKinsey report, U.S. EV sales increased by nearly 200% between the second quarter of 2020 and the second quarter 2021. This number is expected to rise as a result of $7.5 billion EV infrastructure funding from the Bipartisan Infrastructure Investment and Jobs Act.

Growing fleets of EVs will clearly require utilities to expand their power capacity, and therefore, optimize or add transformers to handle more intense power requirements throughout the day and evening. This leads to critical questions like: 

Which transformers should a utility repair, replace, or buy to add to their grids first?
Which units and future plans can wait?
How much will all of this cost?

Utility asset managers need to understand which transformers in their fleet are most at risk as EV penetration increases. VIA’s Global Data Asset Collaborative™ (GDAC™) can help.

Engaging with EV Stressors

Despite higher rates of EV adoption and challenges related to where and when EVs are being charged, utilities need to maintain the highest standards for electricity reliability and resiliency for their customers. GDAC™ identifies cases where transformers have unexpected declines in health condition, at an early age or in an area where previous transformer condition was consistent. These situations are good indicators to intervene sooner or review the assets in place.

Utilities analyze historical and forecasted transformer condition changes (e.g., downgrades) in locations where EV adoption is high. 

The GDAC™ portal conveniently flags high risk transformers for utilities so that they don’t have to parse through multiple databases, reports, and analyses, saving them invaluable time and effort. As a result, utilities can allocate resources to the transformers most in need, allowing them to work smarter.

As shown in the diagram to the left, utilities easily identify transformers in need of maintenance or replacement due to EV-related stressors. Utilities also glean insights from transformers located at the same substation experiencing similar EV stressors.

GDAC™ analyses like these help utility personnel with or without analysis experience to identify which transformers to repair, replace, or buy; which units and future plans can wait; and how much it will cost to address EV-related stressors.

Want to go for a ride with GDAC™?

Reach out to me via LinkedIn or email sales@solvewithvia.com to learn more about the ways GDAC™ can help you be prepared for EV-related stressors on your transformer fleet.