MOUNTAIN VIEW, Calif. – December 14, 2021 – Verdigris Technologies today announced a partnership with Leap, a leading energy market access provider, in an effort to expand its next-generation Verdigris Energy Network, also known as a virtual power plant (VPP). Using a centralized architecture, the network optimizes energy resources across a wide portfolio of buildings. Leap’s platform aggregates flexible load capacity from multiple partners in order to deliver meaningful support to the power grid. Under the terms of the partnership, Verdigris will participate in Leap’s platform to provide VPP-generated capacity & demand response resources to utilities and grid operators.
“Our partnership with Leap marks a big milestone for the Verdigris Energy Network and will provide significant benefits to our company and to our customers,” said Mark Chung, CEO and co-founder of Verdigris. “Leap’s platform provides access to the energy market for our demand response resources, allowing us to focus on energy optimization. This will not only result in additional value to our power network participants, it will also enable us to use revenues from capacity resources to offset upfront costs for Verdigris customers.”
The Verdigris Energy Network is an innovative technology that adds significant value to customers, beyond simply saving on energy costs, by reducing the grid’s dependence on expensive fossil fuel generation. Verdigris Adaptive Automation, a building automation and energy intelligence service, automatically enables resource optimization without impacting customer operations.
“The need for grid-interactive buildings is growing at a rapid pace due to the increased frequency and severity of extreme weather events,” said Jason Michaels, Chief Commercial Officer at Leap. “We’re excited to team up with Verdigris to help maximize the value of their customers’ contributions to a cleaner and more reliable grid.”
Verdigris aims to improve building efficiency, reduce energy waste and decrease carbon pollution. With Verdigris, customers have reduced their energy spend by 20-50 percent, while meeting mandates for energy reduction and achieving carbon reduction goals.
For more information on Verdigris, visit www.verdigris.co.
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About Verdigris
Verdigris Technologies is a leading AI company that empowers the world’s smartest buildings with data, insights and automation. Through artificial intelligence and IoT-enabled sensors, Verdigris learns and distinguishes the equipment components of commercial buildings, providing rich data streams about critical equipment. Powerful analytics constantly scan this data to find hidden inefficiencies, produce actionable reports and empower building managers to optimize facilities management. Among other honors, Verdigris was named one of the top ten Most Innovative Companies in Energy by Fast Company and selected as the Frost and Sullivan Technology Innovation Leader in the North American AI-based Energy Management and Automation Industry. Verdigris is headquartered at the NASA Ames Research Park in Silicon Valley, California with offices in the US and Taiwan. See verdigris.co for recent press and testimonials. For more information, please contact Media Relations at press@verdigris.co.
About Leap
Leap is the leading global platform for generating new value from grid-connected resources and devices through integration with energy markets. Leap does all of the heavy lifting, seamlessly connecting technology partners to high-value revenue streams and providing a simplified, automated access point for market participation with batteries, electric vehicle charging, smart thermostats, HVAC systems, industrial facilities, and other flexible assets. By making it easy for new distributed resources to participate in energy markets, Leap lays the groundwork for virtual power plants (VPP). Leap empowers its partners to provide resilient, zero-carbon capacity to the grid while strengthening engagement with their customers through new value streams. Leap is a privately held company with offices in San Francisco and the Netherlands.