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Corporate History
The Company was founded in 1991 as a design and engineering firm focused on delivering energy savings and energy IT solutions for Fortune 500 companies.
Headquartered in Philadelphia, Powerweb incorporated in 1991 as a boutique custom information systems design and engineering firm focused on Fortune 100 companies and power utilities. Powerweb has developed a large client base in the energy management market. During its early years, the Company garnered recognition and extensive vertical market experience in energy efficiency systems, energy database information systems, wireless control, and supply-demand side control systems.
In 1993, Powerweb Technologies patented an Energy Control and Monitoring Device that enabled consumers to track and control energy expenditures in "real time" through a microprocessor based system. With the introduction of the Internet in 1996, Powerweb Technologies developed a new Internet based energy transaction system that enabled commercial consumers to monitor energy usage wirelessly through a secure Powerweb Technologies' network and sell excess energy back to the wholesale market through the electrical grid.
In 1993, Powerweb Technologies patented an Energy Control and Monitoring Device that enabled consumers to track and control energy expenditures in "real time" through a microprocessor based system. With the introduction of the Internet in 1996, Powerweb Technologies developed a new Internet based energy transaction system that enabled commercial consumers to monitor energy usage wirelessly through a secure Powerweb Technologies' network and sell excess energy back to the wholesale market through the electrical grid.
This system was patented in 1998, and is known nationally in the energy sector as the Omni-Link Internet Energy Transaction Platform. Energy suppliers and utilities are the distributors of the Omni-Link platform to commercial end-users. There are currently 10 such distributors of this product throughout the United States who sell the Omni-Link product to over 1300 commercial customers.
Powerweb was successful in taking its real-time demand response system into three major grid control areas or ISO regions (NE-ISO, NY-ISO and the PJM-ISO). These ISOs represented approximately 50% of the entire US electricity market. During the 2001-2003 timeframe, Powerweb processed transactions for over 1,500 large, industrial customers through its utility distribution channel, monitoring over 4 GW of power and 750MW of dispatch control at the ISO.
Today, the Powerweb business strategy simplifies extensive industry knowledge into one centralized "hosted" Internet turnkey intelligence product adding value and leading edge innovation to the Utility, Lighting and Building Control markets.
Powerweb was successful in taking its real-time demand response system into three major grid control areas or ISO regions (NE-ISO, NY-ISO and the PJM-ISO). These ISOs represented approximately 50% of the entire US electricity market. During the 2001-2003 timeframe, Powerweb processed transactions for over 1,500 large, industrial customers through its utility distribution channel, monitoring over 4 GW of power and 750MW of dispatch control at the ISO.
Today, the Powerweb business strategy simplifies extensive industry knowledge into one centralized "hosted" Internet turnkey intelligence product adding value and leading edge innovation to the Utility, Lighting and Building Control markets.
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100 Innovation
Center