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Utility Risk Management

Utility Risk Management

URMC was founded in 2005 by Adam Rousselle. URMC's success can be traced to the fundamental need for better data to support operational and investment decisions across a variety of industries. Rousselle's first business, a Latin American hardwood sawmill company, grew to 850 employees. During this period, Rousselle partnered with NASA and academics to develop remote sensing technologies to precisely identify and inventory timber and forests. That work resulted in the founding of Falcon Informatics, a leader in forest information services and solutions for owners, investors, and insurers of forestland around the globe. Leveraging his timber technology, Rousselle founded URMC and partnered with the Asplundh Tree Expert Company to use more effective tree inventories to solve fundamental safety and compliance issues for the energy industry. In 2009 URMC was granted a patent for its ability to locate the stem of each tree and, in 2010, a second patent for a unique method to determine how fast trees were growing toward transmission conductors. By 2009, URMC discovered that technical engineering improvements could help utilities find additional transmission capacity, which had been difficult to do previously. URMC learned that the historical method to measure conductor temperature was at the heart of systemic and overly conservative capacity estimates. To resolve this problem, URMC invented, patented, tested and gained IEEE best practice acceptance in 2012 for Thermal Direct™, its flagship engineering technology. Using this and other technologies, URMC has been involved with system-wide Thermal Line ratings for some of the nation's largest utilities. With Thermal Direct™, URMC also realized it can determine the capacity of a transmission line without any information from the transmission owner. At the moment URMC is the only company in the world capable of such independent measurement. The value became clear in 2012 when URMC began to monitor transmission circuits 24 hours a day and to measure the power flowing through them. Today URMC continues to use its latest technology, enabled by an exclusive license from PLS-CADD, to measure the power flow in the transmission lines adjacent to power generation stations and on critical bulk transmission lines. These measurements, coupled with advanced analytics, allow URMC to bring unprecedented value to many market stakeholders, including: Generators, Traders, Marketing Companies, ISOs, Public Service Commissioners and the rate payers themselves.

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About Utility Risk Management

Estimated Revenue

$1M-$10M

Employees

11-50

Category

Industry

Utilities

Location

City

Stowe

State

Vermont

Country

United States

Tech Stack (23)

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