Modernizing the power grid with SMPnet
The energy industry is at a pivotal moment in history. The advent of renewables, energy storage, and other distributed energy resources has transformed the way we think about power supply. However, power grids are struggling to keep up with the changing times. They were designed, built, and run based on outdated assumptions, such as the idea that power flows in a single direction and originates from a limited number of sizable sources.
Enter SMPnet, a company that is revolutionizing the way power grids are managed with its innovative technology. Its fully integrated solution allows for adaptive optimization and real-time control of energy assets, effectively unlocking true real-time operation of power grids. This groundbreaking technology not only ensures increased security and cost-effectiveness of supply but also enables grid operators and utilities to optimize network usage, paving the way for a more sustainable future.
Led by Greek researchers Anastasios Rousis and Dimitris Tzelepis, SMPnet has been successfully tested in major organizations such as Iberdrola, one of the world’s largest electric utilities. With the help of edge computing and AI-based techniques, SMPnet is positioning itself as a leader in the industry, meeting the growing demand for secure, uninterrupted, and cost-effective energy supply.
Marathon Venture Capital is pleased to announce that we led a $1.4M seed round in SMPnet, along with angel investors and industry insiders, including Ian Marchant, former CEO of SSE. We believe in SMPnet’s potential to revolutionize power grid management with its advanced technology.
SMPnet is not just changing the way we manage power grids; it is paving the way for a brighter future, where power grids are operated dynamically and much closer to real-time while resolving stability issues and ensuring high resilience and security of supply for a better planet. With its visionary leadership and cutting-edge technology, SMPnet is poised to revolutionize the energy industry and usher in a new era of sustainability. Join us on this exciting journey towards a more sustainable future, and learn more about SMPnet at www.smpnetworks.com.