Parsons Launches New Version of DERMS, Enhancing Grid Reliability and Resiliency

CHANTILLY, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has launched the latest version of its DERMS solutions platform, a distributed energy resource (DER) management system and IoT platform. This open standards-based system, available as SaaS or enterprise landed, revolutionizes the integration and realization of the environmental and economic benefits of renewable energy also known as DERs that include solar panels, wind turbines, energy storage, electric batteries, thermostat controllers and building energy systems.

The DERMS solution provided by Parsons aids utilities and grid operators in optimizing the scheduling and delivery of DERs, enhancing ROI by integrating DERs with legacy fuel supplies. It mitigates intermittencies from renewable sources, reduces carbon emissions, and improves efficiency, resiliency, and economic planning. The platform also supports new business models like virtual power plants (VPPs), creating new revenue streams.

“Our DERMS solution represents an advancement from early DRMS functionality that was based on isolated operations of monitoring and controlling energy resources,” said Robert Nawy, Director of IPK Power Division, Parsons. “The integration with Advanced Metering Infrastructure (AMI) increases efficiency, flexibility, cost savings, and sustainability for utilities and grid operators, benefiting residential, commercial, and industrial customers.”

Key features of DERMS solutions provided by DERMS with AMI include:

• Data-Driven Decision Making & Analytics: Granular data on energy usage enhances DER management, demand response programs, load forecasting, and real-time grid balancing.
• Enhanced Customer Engagement: Real-time energy usage information allows customers to participate in demand response programs and make informed decisions.
• Improved Reliability and Resilience: Real-time data helps quickly identify and respond to outages, manage peak loads, and integrate renewable energy sources effectively.
• The Parsons’ platform includes technological extensions that span a menu of integrated resources and systems, enhancing control and economic optimization with real time analytics across the following infrastructure:
• Integrated Resources: Solar Photovoltaic (PV); Wind Turbines; Battery Storage; Electric Vehicles & Vehicle to grid (V2G); Hydro Power; Natural Gas Generation; Building energy Management Systems (BEMS); Energy Management Systems (EMS)
• Integrated Systems: Customer Relationship Management (CRM); Meter Data Management (MDM); Customer Care and Billing Systems; Outage Management Systems (OMS); Geographic Information Systems (GIS); SCADA & Automated Distribution Management Systems; Advanced Meter Infrastructure (AMI); Transformer Monitoring

Parsons evolution from early DRMS to the updated DERMS with AMI integration represents a significant advancement in the ability to manage and optimize distributed energy resources, driven by improvements in data collection, real-time analytics, and system integration.

For more information on how Parsons DERMS may revolutionize energy management or to request a demo, visit https://www.parsons.com/products/derms/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

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Media Contact:
Bryce McDevitt
+1.703.851.4425
Bryce.McDevitt@parsons.com

Investor Relations Contact:
Dave Spille
+ 1.571.655.8264
Dave.Spille@parsons.us