SAN FRANCISCO, CA, SEP 15, 2023 - Vellex Computing recently participated in the 2023 PG&E Innovation Pitch Fest, focusing on Supply and Load Management. The event, held on September 14th in San Ramon, CA, provided a platform for Vellex to present their revolutionary Grid Compute platform.
Their presentation highlighted the compute platform's potential to revolutionize grid optimization and management. The platform is a programmable analog neural compute platform designed to solve complex optimization problems, such as real-time AC/DC Optimal Power Flow (OPF), multi-period day-ahead distribution system OPF, mixed integer programs, and other advanced compute-heavy optimization problems, much faster and more efficiently than existing solutions.
For PG&E, the compute platform offers several key benefits:
* Deeper insights into their resource portfolio: The platform enables PG&E to quickly model thousands of scenarios, providing valuable insights into the reliability, economic implications, and utilization impacts of their existing resources.
* Comprehensive evaluation of environmental effects: Our technology allows for the accurate and swift simulation of long-duration assets, such as battery storage and co-located generation, enabling PG&E to make informed decisions that align with their sustainability goals.
* Augmented ability to forecast market price dynamics: The platform's powerful optimization capabilities enable PG&E to predict market energy prices and perform multi-period day-ahead distribution system optimization.
The Vellex team demonstrated how their platform can empower PG&E to optimize grid deployments, integrate diverse energy sources, and support their sustainability goals. The leadership team brings over 10 years of experience in bringing deep tech to market and semiconductor and circuit design, respectively.
Founded in 2021 as a Stanford University spin-off, Vellex Computing is advancing AI with a revolutionary Analog Intelligence platform. Headquartered in San Francisco with a design office in Delhi, India, we deliver ultra-fast and efficient computations, increasing performance per dollar by 100X. Our physics-based architecture provides real-time results for complex optimization and control problems - tasks that take hours on traditional computers - while consuming only a fraction of the power.
The PG&E Innovation Pitch Fest is a platform where startups, entrepreneurs, and technology providers present breakthrough solutions to help build a cleaner, safer, and more resilient energy future. The event connects innovators directly with PG&E leaders and industry experts to explore collaborations that address grid modernization, renewable integration, and customer-focused sustainability. By fostering partnerships, the Pitch Fest accelerates the adoption of cutting-edge technologies across California’s energy ecosystem.
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