Avista Corp. and Duke Energy Corp. announced Jan. 9 a joint investment in Open Energy Solutions Inc. to develop open source software for grid edge technology solutions.
The companies said it marks the first time multiple utilities have collaborated to create open source software.
"This groundbreaking approach to meeting the needs of utility customers in the future will allow unrivaled creativity and thinking around energy management solutions," Avista Chief Strategy Officer and Vice President Ed Schlect said in a statement.
Open Energy Solutions was founded by Itochu Corp. The software will help utilities more efficiently integrate, coordinate and optimize assets like the grid, traditional and renewable generation, and customer assets using interoperability concepts and distributed intelligence, according to the news release.
This partnership builds upon the Duke's Emerging Technology Office's work to explore open grid standards through the creation of the Open Field Message Bus.