Tag Archive for: tech

VIA Included in Tracxn’s “Top Emerging Blockchain Startups” List

Tracxn, a market research platform that tracks startups, private companies, and innovative sectors, has included VIA in its coveted list of “Top Emerging Blockchain Startups.” 

VIA is proud to be featured as a “Minicorn” on the list, as Tracxn explains:

“The Minicorns – are the high growth early stage ventures (Series A+). Watch out for these companies as they take the business to the next level, by scaling up for the accelerated growth.

For the full list, visit the Tracxn website.

 

Thank you, 2019. Now, let’s do this 2020!

As we kick off 2020, we can’t help but think of all the moments from 2019 that contributed to what we think will be the biggest year yet for VIA.

Near and Far, Our Team Represented VIA
In 2019, our team traveled the globe to help spread VIA’s message. Our CEO, Colin Gounden and Senior Vice President, Joe Babiec, gave presentations at European Utility Week in Paris, Swiss-US Energy Innovation Days in Austin, TX, various Plug and Play summits, EDP Starter Acceleration Program in Houston, TX, and EPRI Venture Day in Chicago, to name a few. Kate Ravanis, our Chief Operating Officer, also spoke at the Greentech Media Blockchain in Energy Forum in New York City.

In addition, we were proud to sponsor, speak, and participate in several events across Montreal including Women in Physics Canada, McGill Physics Hackathon, and Montreal AI Symposium. We opened our doors for Startup Open House Montreal and hosted our own VIA Open House Party (featured below).

Fresh Off the Press
We wrapped up 2019 with six press mentions, two “Top” lists, and two technical blogs written by our team members. To take a trip down memory lane, check out press mentions here: BitcoinExchangeGuide.comAxios (and follow-up article) GreenBizDisruptor Daily, and Utility Dive; “top” lists here: Top 5 Big Data & Machine Learning Startups in Energy and The 10 Coolest Blockchain Startups of 2019 (So Far); and finally, our technical blogs: The Importance of Unit Testing and Understanding How EV Charging Behavior Affects Distribution Networks.

Our VIA Community Continued to Grow
Internally, we hosted two In-Person All Hands events in Montreal (featured below) where our team brainstormed big ideas for 2020. We held our first annual VIA Spirit Week where each office celebrated what it means to be part of the VIA team. Lastly, we created two videos on what it’s like to join VIA: The VIA Team and Applicant Journey.

The VIA community includes more than just our internal team members. This year, we launched our GDAC™ program and welcomed founding members Hawaiian Electric and Vector to the VIA community. In addition, we were pleased to share that the Westly Group led an investment round in VIA.

Our hats are off to you, 2019. Let’s do this 2020!

GDAC™ Ability to Increase ROI for Utilities Featured in T&D World

The article published by T&D World “Global Data Asset Collaborative to Increase ROI for Utilities” discusses changes to the energy landscape and how “many utilities recognize that the challenge of maintaining grid reliability is now greater than any single company is able to solve on its own.”

VIA’s Global Data Asset Collaborative™ (GDAC™) was established in early 2019 to allow multiple companies to securely pool data for more accurate analytics. The benefits of GDAC™ are featured in the article:

Both utilities and regulators benefit from GDAC™. For utilities, what VIA has found is that by protecting the data of each company, the data issues become easier and the focus of analytics efforts returns to the analysis (not restrictions to sharing the data). The impact on members who take this collaborative approach is that they end up with greatly improved analytics. For example, members get benchmarks of their equipment condition and maintenance routines in a more real-time and customized manner. They also get the benefit of learning from issues that others have had rather than just issues that they have seen — this leads to earlier warnings about equipment. And finally, as an economic impact, GDAC™ members have been seeing fewer corrective maintenance callouts, better planning for spares and inventory, and faster and simpler preparation for rate cases.

For the full article, visit the T&D World website.

 

Understanding How EV Charging Behavior Affects Distribution Networks

The International Energy Agency projects that 30% of all vehicles will be electric vehicles (EV) by 2030. This transition, at the intersection of electric power and mobility, combined with increased generation from renewable resources has the potential to significantly reduce greenhouse gas emissions in the years ahead. To make this happen, utilities who operate the distribution network need to understand how this new demand for electricity will affect smart grid assets. Our primary job at VIA is to help utilities navigate these shifts by understanding their data and fostering collaboration through our Global Data Asset Collaborative™ (GDAC™) program. As an example, VIA recently kicked off our first GDAC™ by focusing on transformers. Through this GDAC™, we are beginning to see that transformers are stressed by the switch to EVs and our focus will be on helping utilities find ways to keep these assets healthy over the coming years.

There are at least two things that make charging an EV different than, say, running a central AC unit. First, the power that needs to be delivered to an EV is around 20kW, which is four or five times the power required for a typical central AC unit, which ranges from 3-5kW. A “short-range” charge to power the EV so that its owner can commute could require around 40kWh, thus a “slow-charge” for a “short-range” car requires about two hours of charging. Powering large fleets of EVs will clearly require extending the capacity of current electricity distribution networks. 

The second issue that makes charging an EV different is timing. The timing of EV charging events changes the daily load profile of the home, workplace, and in urban centers equipped with networks of charging stations. Transformers are generally able to run past their rated capacity so long as they are given ample time to cool overnight. That is changing as commuters return home after work to charge their vehicles, never allowing transformers that time to cool down, which can cause them to malfunction and in extreme cases, explode. EV charging events, because they demand so much power so quickly from the grid, can lead to shifts in voltages along the distribution network. This leads to wear and tear on tap changers and other voltage regulation mechanisms. 

Utility asset managers need to understand which transformers in their fleet are most at risk as EV penetration increases. A recent study by researchers at Ohio State University illustrates what needs to be done to understand the effects EVs have on transformers and voltage regulators (“An Integrated Algorithm for Evaluating Plug-in Electric Vehicle’s Impact of the State of Power Grid Assets”). The authors have studied a representative sample of urban, suburban, and rural areas and tried to answer the question “What would happen to the distribution grid if each home had an EV?” To understand both the total load and the rapid charging behavior, the authors used actual distribution grid topology provided by American Electric Power (AEP) and simulated the behavior of the system as EV charging events are inserted into today’s “baseline” load demand. The authors find that suburban areas are expected to see the greatest stress, as it is assumed that, in urban areas, additional power will be provisioned by specific “fast-charging” stations while the suburban dwellers load will stress the transformers that serve their primary residences. In rural areas, the lower population density typically means that the transformers are not as heavily loaded as in a suburban area. Some authors predict long-term changes in mobility patterns that will increase the number of rideshare services (i.e., Uber). Rideshare cars are typically required to drive all day and would require longer charge times. This corresponds to the most aggressive scenario studied by the authors, in which case they expect insulator degradation to occur after just one year. The results illustrate the socio-technical complexities of planning the future smart grid and the need for detailed studies on how people are expected to use their vehicles.

Author’s Note

As a highly-trained problem solver with deep scientific and computing expertise, I’m always hungry for tough problems to solve. There’s no doubt that integrating EVs into the smart grid is a tough problem. More importantly, it is a high-impact socio-technical problem that we as a society need to solve to transition to a greener future. Working together with the world’s largest utilities, VIA is in a position to help solve these problems, a privilege I am grateful for every day I go to work. At VIA, we have a company value, “Love in=Love out” which means that if you love what you are doing, you will do great work. I expect we will do great work in this area, and help our customers navigate the challenges of the EV revolution.

Value of AI for GDAC™ Utility Members Mentioned in Utility Dive

VIA’s Colin Gounden was interviewed, among a number of analytics and utilities experts, for the Utility Dive article “In the ‘cat and mouse game’ of utility cyberattacks, AI and machine learning show promise, limits.” 

The article talks about ways AI and machine learning can help protect utilities and its customers from cyber attacks, while also using data to improve service to customers. Colin talks about how GDAC™ utility members are seeing value in AI:

“This is a whole new game for utilities,” Colin Gounden, CEO of data specialist VIA agreed. “They are increasingly interested in how AI algorithms and deep learning can automate the protection of customer information, the optimization and balancing of the grid, and the finding of efficiencies in the details of customer usage,” he told Utility Dive. “But AI requires access, particularly to data.”

Both [AI and ML] require an enormous amount of data, but it can be protected the same way email is scanned for spam by an AI algorithm “because it is too big a dataset for a person,” Gounden said.

For more quotes from Colin and the full article, visit the Utility Dive website.

 

Colin Gounden Participates in NECEC Navigate Webinar Series

VIA was proud to be invited to participate in the Northeast Clean Energy Council (NECEC) Navigate Webinar Series, “Connecting the Dots Between Investors and Corporate Strategics.”

Colin Gounden sat on the panel along with Anna Jarman of Walmart, Ely Greenberg of Greenbacker Labs and moderators, Daniel Hullah of GE Ventures and Catarina Madeira of NECEC to discuss how innovative companies and established energy companies can learn from each other to improve energy efficiency.

For the webinar recording, check out NECEC’s YouTube page.

 

Disruptor Daily Interview’s Colin Gounden for Blockchain in Energy Series

Colin Gounden sat down with Emilia Picco of Disruptor Daily, a publication that delivers the latest trends in blockchain, to talk about how VIA uses blockchain technology to help transform the energy sector.

At the start of the interview, Colin explained the reason VIA developed its blockchain application, TAC™, and its best use case:

“Some companies had too little data, some didn’t have clean data, some had a lot of data but not in any single location, and some were unable to share it due to security concerns. That’s when we had the idea to develop our blockchain application, Trusted Analytics Chain™ (TAC™)…

…In recent months, we’ve taken our efforts with TAC™ a step further and built the foundation for the Global Data Asset Collaborative™ (GDAC™). GDAC™ is the first privacy preserving, multi-company database for machine learning-ready transformer data, which has been created on top of our TAC™ software. As an analogy, GDAC™: Transformers is like an app on our “TAC™ app store”.

 

At the end of the interview, Colin talks about where he sees VIA in the next five years:

“We see VIA’s Trusted Analytics Chain™ as the go-to solution for both utilities / network operators and AI analysts alike. For utilities, they can become part of GDAC™ (which uses TAC™ as the underlying software) to have their data analyzed to get more accurate predictions about their equipment. For analysts, since it’s hard to access robust data like that of utilities, TAC™ will be the go-to software to solve high value, super interesting problems like those related to grid resiliency.”

For the full interview, check out Disruptor Daily’s website.

 

VIA Highlighted in “The Rise of Privacy Preserving AI”

VIA was recently featured in a second Axios article titled “The Rise of Privacy Preserving AI”. The article discusses how new AI methods, such as federated learning, allow companies to benefit from collective data analytics, without having to reveal sensitive data.

In energy, predicting the next catastrophic power equipment failure requires data on previous problems. Because these events are rare, companies need to team up to share their data for collective analytics. VIA launched the Global Data Asset Collaborative (GDAC™): Transformers, where power companies are able to share data while still preserving privacy (through federated learning), with the goal of improving decision making related to operations, maintenance, and replacement of transformers.

To read the full article, visit Axios’ website.

The Westly Group Leads $7M Investment in VIA

VIA, a leader in using artificial intelligence and blockchain to provide security and data analytic solutions for the energy and utility industry, announced that the Westly Group is leading a $7M seed investment in Via Science, Inc. (VIA). The funding will accelerate VIA’s customer acquisition and increase the number of network operators in its Global Data Asset Collaborative™ (GDAC™) program. GDAC™ is the power industry’s first predictive maintenance application combined with a multi-company, privacy protected, distributed database of equipment data.

“The Westly Group has met with over a hundred AI and blockchain companies, and we believe that VIA is the clear leader in the energy sector. VIA has a groundbreaking business model and a unique approach to collaborative analytics. This combination is exactly what the power industry is waiting for,” said Steve Westly, founder and managing partner of the Westly Group.

“Our team at VIA is very excited to have selected the Westly Group as partners. What impressed us most about the Westly Group is the breadth and depth of the relationships they have in the power sector. Their LP base of major global utilities is unparalleled. Membership in our GDAC™ program is already growing. With the support of the Westly Group, adoption by network operators will only increase,” said Colin Gounden, CEO of VIA.

About VIA

VIA helps energy companies across the globe realize the value of their data through AI and blockchain. The company works with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain™ (TAC™) to help energy companies reduce the burden of preparing and sharing their data. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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 The Westly Group

The Westly Group has successfully raised three venture funds that invest in rapidly growing software, IoT and Big Data companies in the smart energy, mobility and building sectors.  The Westly Group has 12 of the world’s larger energy and auto companies as investors and has had four companies go public on NASDAQ including Tesla Motors.

Hawaiian Electric Joins as Second Founding Member of GDAC™, Alongside Vector

VIA and Hawaiian Electric are pleased to share that Hawaiian Electric has joined GDAC™ alongside Vector, as the second founding member. By joining in the collaborative (which is in partnership with Elemental Excelerator) and focusing on substation transformers, Hawaiian Electric hopes to improve decision making related to operations, maintenance, and replacement of their substation transformers. In particular, its goal is to reduce unexpected issues or failures, determine the right spare equipment inventory levels, and reduce the frequency of corrective maintenance.

“Like most electric utilities, Hawaiian Electric does its best to maximize use of grid infrastructure, some of which are nearing the end of their practical use,” said Rick Pinkerton, Director, Asset Management at Hawaiian Electric. “As we modernize our grid, we’re always looking for ways to improve our decision making. We joined GDAC™ to learn from other members and from VIA’s expertise in AI and machine learning, to improve our capabilities to prudently manage the performance, risk, and cost of our fleet of substation transformers, and other T&D assets in general.”

During the inaugural GDAC™ workshop, Hawaiian Electric and fellow GDAC™ member, Vector, shared and discussed their current substation transformer fleet management practices, plans, and challenges, as well as specific GDAC™ efforts and outcomes that would provide the most value to each member.

“We’re thrilled to have Hawaiian Electric join the GDAC™ community. Hawaiian Electric has been referred to in the industry as a “postcard from the future” due to their high levels of distributed solar penetration, progress towards transforming their grid to provide 100 percent renewable energy by 2045, and experience dealing with a host of unprecedented challenges that many in the industry will not face for several years,” said Kate Ravanis, Chief Operating Officer at VIA. “Their position as an innovative leader in the industry and the contributions they made at the GDAC™ workshop were invaluable to other members and the overall project outcome.”

Hawaiian Electric will be contributing multiple years of operational, test, maintenance, and failure data from more than 300 substation transformers alongside similar data for Vector’s 200-plus substation transformers. The company is excited about joining the GDAC™ community and may have an interest in joining other GDAC™ initiatives, in addition to substation transformers.

About VIA

VIA helps energy companies across the globe realize the value of their data through AI and blockchain. The company works with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain™ (TAC™) to help energy companies reduce the burden of preparing and sharing their data. TAC™ (patents pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. 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 Hawaiian Electric

The Hawaiian Electric Companies (Hawaiian Electric Company, Maui Electric Company, and Hawaiʽi Electric Light Company) serve 95 percent of Hawaii’s 1.4 million residents on the islands of Oʽahu, Maui, Hawaiʽi Island, Lānaʽi and Molokaʽi and have a goal of 100 percent renewables by 2045.

GreenBiz Features VIA in Article About Startups at the Plug and Play Spring Summit

Earlier this month, VIA’s Colin Gounden gave a presentation at Plug and Play’s Spring Summit 2019. Senior writer and analyst at GreenBiz, Katie Fehrenbacher, was in attendance and featured VIA in an article titled “Here’s Why Energy Companies Are Adopting AI”.  

The article describes common problems that major energy companies face, such as the need for better quality data to run their businesses more efficiently, and how extreme weather is putting pressure on their infrastructure. Startups, like VIA, are using AI and machine learning to solve for these issues and help energy asset managers make smarter decisions to reduce cost and risk to their equipment. VIA was mentioned as a solution to help utilities better predict when transformers might be at risk in a disaster through the use of its blockchain-based application, Trusted Analytics Chain™ (TAC™).

In March, VIA was selected for the Spring 2019 cohort of Plug and Play’s Energy and Sustainability accelerator program.

To read the full article, check out the Greenbiz website.

Colin Gounden presenting at Plug and Play Spring Summit 2019

Image courtesy of Plug and Play

Axios Features VIA in Article, “Predicting the Next Power Disaster”

Colin Gounden recently sat down with Kaveh Waddell of leading online publication, Axios. They discussed how extreme weather, increased energy consumption, EVs, and renewable resources are challenging the safety and reliability of the grid. And, in particular, how AI companies like VIA are quickly becoming a critical piece of the puzzle for solving the declining US infrastructure problem.

To read the full article, check out the Axios website.

The Importance of Unit Testing

In March, VIA’s Ashley DaSilva, Team Leader, Product Development, was invited to lead a workshop on unit testing for McGill’s Computer Science Graduate Society. The workshop was part of their seminar series: CS Tools and Tricks, which introduces graduate students to topics they may not otherwise explore in depth in their academic programs. Ashley discussed the critical importance of software testing, why developers should embrace unit testing, and when and how to use mocking. She shares her experience with unit testing and a recap of her workshop below.

Learning Never Goes Out of Style

I first learned the importance of software testing in the early days of my theoretical physics Phd program. Back then, most of my coding was limited to scripting. I wrote scripts to model physical systems, analyze data, and visualize results. Over time, I started writing modules to be reused by myself or my colleagues for different projects. The first time I attempted to refactor one of these modules, it broke in unexpected ways, and I spent days tracking down and resolving all the issues.

I’ve grown significantly as a developer since those days, and now lead a product development team at VIA, focused specifically on the Trusted Analytics Chain™ (TAC™). Every day, my team and I build, test, and deploy Docker containers with microservices. This includes Airflow and RabbitMQ for scheduling tasks, Redis as a cache storage, and BigchainDB to host a blockchain. Software testing is critical to each stage of product development, and something we constantly work to improve.

Unit testing is the foundation of VIA’s software testing process, and an essential skill for all of our developers. For example, TAC™ contains several components that all need to communicate with each other. We maintain a list of python scripts that are authorized to run on the system. Components of TAC™ must download this list to verify the checksum of the scripts. If we did not use mocking for the content of the list in the unit tests of these verification functions, then every time the list was updated, the tests would all have to be updated to account for the change. With mocking, we are free to update the list of scripts without affecting the status of the unit tests.

Ready, Set, Resilience!

Clean Architectures in Python by Leonardo Giordani is a great resource for learning more about unit testing and test-driven development. During my workshop at McGill, I presented examples of unit testing and mocking and shared a few exercises for the students to practice on their own. Some of these exercises came from the github repository associated with Giordani’s book. I’ve included some other examples below:

First, let’s look at a snippet of code. The code below shows a DataAnalyzer class. It has a method, get_data, which is a placeholder for however one would want to retrieve the data from an external resource (e.g., a database or an http request). It also has a method,
analyze_data which performs the sum of the items in a list:

class DataAnalyzer:
   def get_data(self):
      # Gets data from an external resource
      pass
      def analyze_data(self):
         data = self.get_data()
         result = sum(data)
         return result

The code below shows one example of a unit test that uses mocking of the get_data method:

from unittest import mock
from calc.analyzer import DataAnalyzer
def test_analyzer():
   analyzer = DataAnalyzer()
   with mock.patch("calc.analyzer.DataAnalyzer.get_data", return_value=[1.0, 2.1, 3.5]):
      result = analyzer.analyze_data()
   assert result == 6.6

In this example, the unittest.mock.patch will be applied to the method specified as its first argument and return the assigned return value every time that method is called from inside the scope of the patch. A sample list is assigned to the return value of the patch of the get_data method. This list should have the same format as the expected output of the get_data method, which in this case is a list of floating point numbers. Finally, the result of the analyze_data method is checked that it matches the expected value.

Mocking can also be used to check how you handle exceptions:

import pytest
from unittest import mock
from calc.analyzer import DataAnalyzer
def test_analyzer_connection_error():
   analyzer = DataAnalyzer()
   with mock.patch("calc.analyzer.DataAnalyzer.get_data", side_effect=ConnectionError("Could not connect.")):
      with pytest.raises(ConnectionError):
         analyzer.analyze_data()

In this example, instead of specifying a return value, there is a side effect. When the specified method is called, the side effect will be executed. In this case, a ConnectionError is raised by the get_data method. Using a side effect is particularly applicable when you have logic in your code that catches and recovers from errors.

Stay Curious

I enjoyed leading a thoughtful discussion on unit testing, and fielded some great questions from the students. One that stood out to me was:

“How can developers make sure that their mocks don’t get out of date?”

This is a really important and sometimes tricky topic! At VIA, we know that unit testing is only the first step of software testing. We also use other types of tests, like integration tests or end-to-end tests help identify problems in mocking before our software reaches users. And isolating and resolving problems at that stage is key to setting ourselves up for a successful integration. 

Mocking allows the freedom to isolate one particular part of your code and focus your unit tests on that functionality. Ideally, the expected inputs and outputs of the component being mocked are not going to change. This is typically true for external modules that you will use, at least within a particular major release of the software. However, if you know a software update will cause a change to your internal code base, it is your responsibility to recognize and communicate how that will affect your teammates. That’s why VIA believes that, in addition to testing, strong team communication and values like Learning Never Goes out of Style, Ready, Set, Resilience!, and Stay Curious are what help us develop and deliver the best iterations of our software to our users. 

VIA Accepted Into Plug and Play’s Energy and Sustainability Accelerator Program

Joe Babiec, Vice President, Strategic Initiatives During Selection Day

VIA is pleased to share that we have been selected for the Spring 2019 cohort of Plug and Play’s Energy and Sustainability accelerator program. Plug and Play is one of Silicon Valley’s most prominent startup accelerators and venture investors. They connect competitively selected startups with their ecosystem of 280 major corporate partners and more than 200 VCs. Among the most notable program alumni are Paypal and Dropbox.

VIA is one of 15 companies chosen from more than 200 candidates to participate in Plug and Play’s intensive 10-week Energy and Sustainability program. During the final stage of the selection process in February, VIA’s own Joe Babiec pitched to a group of international utility companies and energy-focused venture capital firms.

Plug and Play’s Founder and CEO, Saeed Amidi, touches on the potential of the startups accepted into the program:

“It is fantastic to see such a talented group of entrepreneurs accepted into our programs. We aim to give our startups the best chance for success and these next three months will give them the tools and connections they need to thrive,” said Saeed Amidi, Founder and CEO of Plug and Play. “I am excited to see what they can accomplish when integrated into our ecosystem.”

For more information, see Plug and Play’s recent announcement.

 

BitcoinExchangeGuide.com Emphasizes Potential of GDAC

BitcoinExchangeGuide.com (B.E.G.), considered one of the “fastest-growing bitcoin and blockchain media outlets on the Internet”, recently shared details of VIA and Vector’s GDAC™ announcement, and describes how it will help energy companies improve operations:

“The fact that this collaboration has VIA means that GDAC™ will be AI-based. And indeed it is at its core given that when it’s finally rolled out, GDAC™ will help power distribution corporations leverage Artificial Intelligence to foretell imminent power faults. Essentially, it will help them take a proactive approach when managing electricity transformers.

AI will also allow the company to conduct regular maintenance works on transformers safely and with greater precision. This way, the company will achieve significant operational efficiencies and subsequently deliver better services for its clients.”

For the full article titled “New Global Data Asset Collaborative (GDAC™) by VIA and Vector for Energy Transformer Data,” please visit their website.