Leap, a leading platform for building and scaling virtual power plants (VPPs), and Verantum, a leader in lifecycle asset optimization for multi-site commercial buildings, today announced a strategic partnership to enable portfolios of connected buildings to generate new revenue in automated demand response and other grid services programs across the United States. Launched ahead of the summer season, when electricity demand peaks and grid strain intensifies, the collaboration helps reduce the risk of blackouts while creating new value streams.
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Leap and Verantum today announced a strategic partnership to enable portfolios of connected buildings to generate new revenue in automated demand response and other grid services programs across the United States.
The partnership will initially support leading retail chains, including Dollar Tree, at sites across California, New York, Texas, as well as in the utility service territories of Puget Sound Energy, Salt River Project, and Tennessee Valley Authority — regions facing growing pressure from rising energy costs and grid reliability challenges.
Verantum specializes in integrating and optimizing HVAC, refrigeration, lighting systems, and other IoT-enabled equipment across large, distributed building fleets. By extending these capabilities into grid services, Verantum adds a new layer of economic and sustainability value for its customers, combining operational efficiency with participation in energy markets.
“Verantum has evolved into the strategy execution layer for multi-site commercial operators — turning real-time building intelligence into verified outcomes,” stated Ryan Adelman, CEO of Verantum. “Our platform precisely models the curtailable load at every location in a large portfolio, delivering reliable flexibility performance without compromising occupant comfort. Partnering with Leap streamlines the contracting and enrollment process, giving our customers seamless access to demand response revenue across U.S. energy markets. Together, we’re converting the operational intelligence our customers already rely on into a new source of financial value.”
Through Leap’s software-only platform, Verantum has launched its VPP offerings in multiple geographies simultaneously, connecting entire building portfolios to grid programs through a universal interface. Leap’s APIs automate key VPP operations, making it easy for Verantum to efficiently expand its grid services footprint.
“This partnership shows how quickly existing building infrastructure can help address energy affordability and grid reliability challenges,” said Jason Michaels, CEO of Leap. “Verantum has already built a leading solution for optimizing energy use across large portfolios. By layering in grid participation, those same systems can now deliver additional value to both building operators and the grid, especially during peak demand periods when flexibility matters most.”
About Leap
Leap is the leading platform for building and scaling virtual power plants (VPPs). Through its software-only solution, Leap facilitates fast, easy and automated access to demand response and other grid services revenue streams for the providers of battery storage systems, EV chargers, smart building technologies, and other distributed energy resources (DERs). Managing over 200,000 energy sites and devices across U.S. energy markets, Leap empowers more than 90 technology partners and their customers to unlock new value and help create a more flexible, resilient grid powered by renewable resources. Visit leap.energy to learn more.
About Verantum
Verantum establishes sustained performance across energy-intensive assets and complex commercial portfolios. The company unifies HVAC, refrigeration, lighting, and building automation systems into a closed-loop framework of Collect. Analyze. Act. Performance issues are identified early, prioritized by operational and financial impact, executed through coordinated workflows and services, and measured to ensure results hold over time. Trusted by organizations managing tens of thousands of buildings worldwide, Verantum helps reduce operational risk, extend equipment life, and ensure performance holds across portfolios, seasons, and years. Visit verantum.com to learn more.
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