StageUnattributed VC | Alive
Last Raised$2.19M | 18 yrs ago
Derceto calculates the minimum cost solution from the multitude of possible pump schedule combinations to meet the day's evolving demand while maintaining defined constraints such as water turnover and storage requirements. Running in real-time, Derceto excels in recognizing and reacting to sudden and evolving changes in demand (e.g.: fire fighting draw-off) quickly and accurately and can handle noisy or poor quality data, providing maximum reliability. Choosing the optimal solution without sacrificing reliability or safety, pumping is moved to the lowest cost (kWh) tariff periods, using the elevated storage tanks to satisfy demand. Derceto also minimizes peak tariff charges (kW) maintaining system pressure with the lowest cost sub-set of pumps. Schedules are created for the next 48 hours for each pump and treatment plant, and then re-optimized every half an hour as Derceto adapts to changing conditions. Derceto also automates the entire water distribution process, providing consistent and reliable operation 24 hours a day.
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Latest Derceto News
Jun 30, 2014
Sign up now Spanish water firm invests in Kiwi software Configuration of the software will take nine months, with on-site installation and operation expected to start in September 2014. email One of Spain’s large water companies, Consorci d’Aigües de Tarragona (CAT), will become the first water utility in mainland Europe to implement New Zealand-headquartered Derceto’s Aquadapt operations optimisation software. Derceto’s CEO, Wayne Spittal, says that following a competitive tender process CAT has awarded a contract to Derceto’s local implementation partner Adasa, a specialist water utility systems integration and services companies in Spain. Aquadapt is a software solution that operates in conjunction with existing control systems to minimize water distribution costs and maximize operational efficiency. Operating in real time, the software will respond to changing conditions, like the real time electricity prices which apply in Spain, to derive the most energy and cost-efficient schedule of operations. It will control all pumps and valves automatically. CAT's water distribution system was analysed by Adasa and Derceto and determined as being ideal for an Aquadapt implementation. Based on implementations at water utilities in other countries, Derceto expects CAT to rapidly recover costs of the Aquadapt software and implementation, with €500,000 annual savings projected. The recovery will come primarily from lower electricity costs. Aquadapt is also expected to achieve pump energy efficiency gains which will lead to a reduction in CAT’s greenhouse gas footprint. Configuration of the software will take nine months, with on-site installation and operation expected to start in September 2014. Aquadapt’s customized design operates within defined operational constraints such as minimum storage levels, treatment plant production capacities and water turnover requirements; safely delivering water while lowering costs.
Derceto Frequently Asked Questions (FAQ)
When was Derceto founded?
Derceto was founded in 2003.
Where is Derceto's headquarters?
Derceto's headquarters is located at One Embarcadero Center, San Francisco.
What is Derceto's latest funding round?
Derceto's latest funding round is Unattributed VC.
How much did Derceto raise?
Derceto raised a total of $2.19M.
Who are the investors of Derceto?
Investors of Derceto include Endeavour Capital and Intellectual Ventures.
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