ISELIN, N.J., Aug. 8, 2017 /PRNewswire/ -- Direct Energy Business has been selected to be a Qualified Real Time Energy Management (RTEM) Vendor for its Panoramic Power technology by New York State Energy Research and Development Authority (NYSERDA). NYSERDA's RTEM program offers incentives for the installation of systems and the post-installation information services that collect energy usage data and can be used to optimize the building's energy usage.
"We are proud to be supported by NYSERDA in our efforts to provide customers with simple solutions to track, understand and control their energy usage," said John Schultz, president, Centrica North America and Direct Energy Business. "Through Panoramic Power we provide customers actionable insights that they can use to reduce their use."
NYSERDA's RTEM program supports the installation of energy systems and information services. Direct Energy Business will work with customers throughout the program's process including project scoping, submission of the NYSERDA application and installation. In addition, Direct Energy Business will provide real time energy monitoring and quarterly reports that will be presented to customers.
Eligible buildings include office buildings, health care facilities, and state and local governments. NYSERDA has dedicated $30 million to this program and it will be open until June 2021, or until all funds have been allocated. For more information on the program and eligibility, please see NYSERDA's website. Program eligible customers that purchase Panoramic Power from Direct Energy Business through June 2018 will receive a 30 percent project cost-share funded by NYSERDA.
Working in partnership with Centrica's Distributed Energy & Power business, Direct Energy Business offers businesses and other large energy users the latest distributed energy solutions, designed to help customers manage energy costs, boost site resilience and reduce carbon emissions.
About Direct Energy Direct Energy is one of North America's largest retail providers of electricity, natural gas, and home and business energy-related services with over four million customers. Direct Energy gives customers choice, simplicity, and innovation where energy, data, and technology meet. A subsidiary of Centrica plc (LSE: CNA), an international energy and services company, Direct Energy, its subsidiaries and/or affiliates, operate in 50 U.S. states plus the District of Columbia and 4 provinces in Canada. To learn more about Direct Energy, please visit www.directenergy.com