BusinessWeek gets to know Audrey Zibelman, founder of Viridity Energy, the Philadelphia startup that is making software to help large facilities manage their energy.
Viridity installs software that works with a building’s energy systems to monitor and control heating and cooling, appliances, generators, and more. The software constantly checks the variables that affect how much a facility pays for energy. This includes the price of electricity, which for wholesale buyers like factories can change every few minutes. The software also takes into account weather forecasts, which could cause price spikes, and how much it costs a building to produce its own energy. Viridity then tweaks electricity use to minimize costs. At Drexel University in Philadelphia, a Viridity client, the software knows that certain rooms are better insulated than others. When electricity prices rise, it automatically reduces heat in the law library, where the books trap a lot of warmth. Drexel could make money during those hours by selling electricity from its diesel generators to the grid.
Original source: BusinessWeek
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