FirstIgnite is supporting the commercialization of the University of Utah’s power grid optimization technology. It consists of a software suite containing multiple algorithms that calculate continuous-time estimates of the most efficient strategies for pricing, generating, scheduling, and storing energy. The power grid optimization technology has several advantages, including distributing grid supply and demand in a more efficient way, avoiding expensive ramping scarcity events, reducing consumer and energy grid operator costs, and supporting guidelines for interconnecting energy storage systems.This technology is applicable to electric transmission & distribution as well as simulation & modeling. In 2021 the global electric power generation, transmission, and distribution market was worth $4,091.77 billion and is expected to reach $4,433.15 billion by 2026.The University of Utah’s novel synthetic pathway technology is ready for collaboration (licensing, partnerships, industry feedback, etc.). Is your company the right fit? If you’d be available for a conversation with the University of Utah team, you can schedule a time directly on their team’s calendar here.