NEC has concluded a preferred sales contract with Space-Time Insight covering Japan and the Asia-Pacific (APAC) region. The contract concerns the sale of several of Space-Time Insight’s real-time visual analytics applications which have already been successfully deployed to major utilities in North America and elsewhere around the globe.
NEC is planning to focus its sales efforts on demand response, small grids (microgrids) and advanced metering infrastructure (AMI).
Space-Time Insight is a provider of next-generation situational intelligence solutions which can heop businesses make faster, more informed decisions by correlating, analyzing and visualizing large volumes of business, operational and external data, spatially, over time and across nodes in a network. Renewable energy, energy storage and smart meter initiatives need more reliable and efficient electricity systems. These systems continually generate vast quantities of data and so there is an urgent need to quickly and accurately retrieve, analyse and action the data in order to generate greater operational insight.
The partnership between the two companies will enable NEC to combine its energy storage systems (ESS) and information and communication technology (ICT) solutions with Space-Time Insight’s real-time visual analytics applications to provide electricity operators and local governments with a comprehensive view of the health and performance of storage batteries installed in different locations. In addition, the new applications enable the monitoring of solar, wind and other power-generation output, historical power generation trends, the operational status of individual smart meters, communications and health information, and other information that contributes to improving the stability and efficiency of power networks.
“To expand our product offerings, NEC required world-class visual analytics software that could handle big data and operate under real-time conditions” said Takemitsu Kunio, Senior Vice President of NEC Corporation. ““Only Space-Time Insight, with a proven track record of successful deployments at major utilities globally, offered the breadth and depth of situational intelligence applications we needed.”
Rob Schilling, CEO of Space-Time Insight added that NEC’s decision to partner with the company underscores the maturity of its applications and its situational intelligence vision for the market and proven worldwide success. The result will be the generation of solutions that meet the needs of advanced utilities in the Japanese and APAC energy markets.