BANDERA, Texas, May 19, 2017 /PRNewswire/ -- Today, Bandera Electric Cooperative announced the release of their new cloud based software, Apolloware, a solution for monitoring solar and energy storage installations in real time. The software allows the solar array owner to receive enhanced financial benefit from energy generated during daily peak energy consumption which, in turn, helps accelerate the return on the investment.
In addition, the software solution allows the utility to reduce system design and operation costs. This unique solution sets BEC Solar apart from all others. BEC developed Apolloware to allow solar members to monitor consumption, production and pricing in real time.
"Apolloware benefits all parties because it provides financial benefits that are correlated directly to the wholesale energy market," said William Hetherington, BEC CEO/general manager. "Since it is a cloud based solution, it is independent from the utility allowing autonomy and transparency of the data."
Hetherington says that this transparency of data allows for sophisticated analytics to optimize distribution systems design and operation. Utilities will be able to aggregate solar installations throughout their system and use that information to sell back into the wholesale market.
BEC Commercial and residential members will be able to see their system impacts and receive financial benefits by earning capacity reduction credits for production during electrical usage peak times. Commercial and residential members will have a better understanding of when to sell into the market when the price is high, and when to store energy when the price is low.
An Apolloware pilot program is underway through the end of 2017. The data obtained will help close the gap between predicted and actual models enabling a quantifiable determination of the benefit of solar production.
"This software will be applicable to anyone who generates or stores energy because it allows them to reconcile and capture the full value of their investment," said Hetherington.
About BEC Solar
BEC Solar is a subsidiary of Bandera Electric Cooperative that has served the Texas Hill Country for more than 79 years. BEC Solar was developed to help members make informed energy decisions. Find more information about BEC Solar at BanderaElectric.com or by calling (866) 226-3372.
Bandera Electric Cooperative, Inc.
Public Relations and Marketing Office
866-226-3372 ext. 6036
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/texas-co-op-bec-develops-innovative-software-to-enhance-solar-installations-300460570.html
SOURCE Bandera Electric Cooperative