- Innovator in smart grid technology develops energy management application to address peak load issues - Bosch Software Innovations integrated business rules technology deployed in smart grid demonstration project in New York City Chicago/New York - Bosch Software Innovations today announced that Visual Rules is used for an energy management solution to provide utilities with real-time status updates, decision aids and recommended options for load relief. The business rules product has been integrated into Green Charge Networks GridSynergy, which helps meet the growing demand for electricity in the United States by increasing the utilitys asset utilization and reducing their capital expenditures. Due to the growing population and economic growth as well as the increased presence of electric vehicles, grid reliability and efficiency are key concerns for utilities. In order to modernize the nations electric grid, smart meters are being rolled out nationwide and internationally providing utilities with vast amounts of data. Utilities are inundated with data from smart meters, distributed photovoltaic systems, and other network-enabled devices, in addition to historical usage data, says Vic Shao, Chief Technology Officer at Green Charge Networks. The real challenge is how to put the data to work to create actionable intelligence in real time. Being a central part of the energy management application, Visual Rules was primarily chosen for its unique graphical approach and its scalability and high-volume speed performance capabilities. "Visual Rules' intuitive user interface and runtime scalability made it our leading choice for thecomplex and data-rich Smart-Grid environment in which we specialize," says Shao. As part of a project on the New York City grid, rule sets, managed with Visual Rules, process massive amounts of real-time data and provide available options for strategically relieving peak loads for grid operators. In addition, the rules engine serves as the back end, which processes utility asset data to flag certain contingency conditions, and to suggest mitigation actions. About Green Charge Networks: GCN, a leader in smart grid and energy storage technologies, develops and operates intelligent systems to accommodate local demand for electricity under existing generation and storage capacity restraints. Working with utility companies as well as public and private sector organizations, GCN is equipping the nation with advanced technologies to reduce energy spending and achieve increased efficiency. Green Charge Networks technology uses existing grid infrastructure and enables value adds such as electric vehicle (EV) charging. About Bosch Software Innovations: Bosch Software Innovations GmbH, the software and systems house of the Bosch Group, globally designs, develops and operates innovative software and system solutions for the Internet of Things and Services. In this environment, we focus specifically in the areas of connected mobility, connected energy and facility management, connected industry and enterprises, and connected healthcare. With our core products, Visual Rules Suite for Business Rules Management and the inubit Suite for Business Process Management, we comprehensively support our customers and partners in developing and implementing new markets and business opportunities in the Internet of Things by linking functions and processes, services and devices. Bosch Software Innovations provides individual, customized solutions for financial institutions, financial service providers and industrial companies. With about 450 employees currently, Bosch Software Innovations is globally represented with locations in Immenstaad, Waiblingen and Berlin, Germany; Chicago, Palo Alto, Washington D.C., USA; and Singapore. More information can be found at www.bosch-si.com. About the Bosch Group: The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, more than 300,000 associates generated sales of 51.5 billion euros in fiscal 2011. The Bosch Group comprises Robert Bosch GmbH and its roughly 350 subsidiaries and regional companies in some 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent some 4.2 billion euros for research and development in 2011, and applied for over 4,100 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial. Further information is available online at www.bosch.com and www.bosch-press.com.
Having established a regional presence in 1906 in North America, the Bosch Group employs 34,700 associates in more than 100 locations, as of December 31, 2020. According to preliminary figures, Bosch generated consolidated sales of $13.1 billion in the U.S., Canada and Mexico. For more information, visit www.bosch.us, www.bosch.ca and www.bosch.com.mx.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 394,500 associates worldwide (as of December 31, 2020). According to preliminary figures, the company generated sales of $87.1 billion in 2020. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 126 locations across the globe, Bosch employs some 73,000 associates in research and development, as well as roughly 30,000 software engineers.
Additional information is available online at www.bosch.us, www.iot.bosch.com, https://us.bosch-press.com, https://twitter.com/BoschPress
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