Utopus Insights, Inc. is a privately held, US-based company with more than 100 employees headquartered in New York with offices in Hungary and India. The company develops, sells and services energy analytics software to renewable energy producers, operators, manufacturers (OEMs), transmission and distribution utilities, and other energy companies.
The company grew out of IBM Research and the team involved with its Smarter Energy Research Institute. This team, with its rich pedigree in data science, software, utility operations, meteorology, and renewable and distributed energy, forms the core of Utopus Insights’ workforce. Their expertise was forged over a 15-year period through collaborative work with leading energy companies to develop digital solutions to energy transformation challenges.
For several years, Utopus Insights has been in a joint development agreement with Vermont Electric Power Company and its 17 Vermont distribution utility owners. This enabled UI to thoroughly analyse solar forecasting, wind forecasting, congestion management, demand forecasting, renewables integration, Distributed Energy Resource management, and virtually every other aspect of transmission and distribution utility operations. Collaborative co-creation with Vermont Electric Power Company and other frontline grid operators is a key reason for the company’s analytics breakthroughs.
Utopus Insights enjoys a mature product development pipeline based on its store of more than 100 issued patents related to energy innovation, including a powerful platform for the renewable energy industry: Scipher