Optimal Technologies International Inc. has raised $25 million in financing from Goldman Sachs International to accelerate its growth and expand its market presence.
Optimal will complete the development of its technology that optimizes electric power systems from origin to end-user. Optimal’s product suite includes supply side electric power grid optimization and analysis software, called AEMPFAST(TM) (pron: aim-fast), and a demand side energy efficiency and automation system called SUREFAST(TM), to be launched in 2008.
“Global demand for power is expected to increase by as much as 60% over the next 20 years, and one of the best ways to manage this reality is to maximize the utilization of our existing power infrastructures. Optimal’s mission is to make it easy for utilities, businesses and consumers to analyze and manage energy usage for complete optimization and efficiency,” said Roland Schoettle, founder and CEO of Optimal Technologies. “This financing from Goldman Sachs supports us in developing leading global solutions for both the supply and demand sides of energy management.”
AEMPFAST technology provides utilities of all sizes with the capability to make power grids more efficient, more reliable and more environmentally responsible. The company’s SmartGrid analytics allow any power system to optimize the “flow” of power to end-users. This results in better reliability, lower operating costs, far fewer blackouts and brownouts and easier integration of renewable generators, such as wind and solar.
Optimal recently received the Deloitte Technology Green 15 award, which recognizes companies that are creating breakthroughs in the area of green technology and is largely considered Canada’s most prestigious awards program.
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