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Product Overview
Overview
Karit is an Australian-based company founded in 2017 and in the early stages of developing a comprehensive VPP offering.
Karit's Virtual Power Plant platform allows customers to bring together distributed energy assets by adding a management layer that enables retailers, large multi-site energy consumers and energy communities to improve the efficiency and utilization of their distributed energy assets and their interaction with energy markets.
Their software is a cloud-based command and control platform that connects with energy management devices that collect energy and asset data and enable commands to be sent between the distributed energy assets and the control center platform. The Virtual Power Plants control center platform is integrated with real-time weather and energy market data providing a framework for intelligent management of energy flows.
Business Model
SaaS annual subscription
Technology Innovations
- VPP that can be integrated with energy market and weather services enabling predictive event management
- Specific operating modes for individual or groups of sites within the VPP to enhance energy and asset efficiency
- Asset technology-agnostic platform capable of incorporating a variety of DERs
- Ability to manage DERs as a single entity enabling interaction with energy markets
- Auto-alert response to DERs technical issues
Applications
Energy Retailers Energy Retailers can use the Karit Virtual Power Plant to build a distributed energy asset base that can be used to supply their existing customers and move excess energy into the market. The energy retailer can combine several distributed energy assets (generation and storage) that they own or assets that they own the rights to the energy produced into a single virtual power plant.
Multi-Site Commercial Organizations Karit Virtual Power Plant allows organizations to address challenges such as the impacts of a changing climate, regional economic development and better energy access and affordability. Multi-site organizations that operate across broad geographic locations can use the VPP to gain greater control over your energy management and costs.
Energy Communities Karit creates an energy ecosystem that benefits the entire community by making members more energy effective, and in some cases enabling the community to become a net exporter of energy. It can enable locally-owned energy infrastructure to be locally managed as well, with positive effects for local economies, particularly in regional areas that may suffer from poor power quality or unreliable supply. Lastly, the platform enables energy trading within the community.