Samsung lost at least $268 million due to damaged products after its semiconductor fabrication plant in Austin was shut down during the February [2021] Texas freeze, according to the company. Samsung's Austin fab was offline for more than a month after it was shut down due to power outages during the freeze.

Utilizing the VECKTA platform for initial project modeling significantly expedited the modeling process. Typically, discussions with potential customers and the acquisition of all necessary information (bills, interval data, site pictures, site drawings, etc.) to perform modeling can take anywhere from a few days to multiple months through a customer. With this information pre-populated in the VECKTA platform, we were able to respond faster, more comprehensively, and at a lower cost.

To maximize the value of our Elizabeth Creek project, CODA needs to deliver renewable energy solutions with guaranteed reliability and at low cost. VECKTA helped us understand our options, balance trade-offs between different alternatives, and make the best decisions for our business free of any bias from suppliers with vested interests.

VECKTA's prioritization, assessment and analytics platform is unlocking and validating a project pipeline that is worth hundreds of millions of dollars. Their technology, global market data and expertise help us deliver value in a rapidly changing landscape. Every business needs better energy outcomes, and VECKTA translates our customers’ ambitions into action.

[Onsite energy] saves us money, it saves us energy...does good by the local communities.

79% of consumers are changing their purchase preferences based on social responsibility, inclusiveness, or environmental impact.

During Texas’s 2021 deep freeze, farmers who couldn’t get milk processed were dumping $1 million worth of milk daily.

Energy costs for food and bev industry exceed motor vehicle manufacturing, printing, and textiles.

VECKTA’s platform provides GE access to a wide variety of customers with clearly defined project goals. This enables GE to provide an optimal solution that aligns with the customer’s requirements and enables them to achieve their desired outcome.

I understand the business that [suppliers] are going through a lot better, which frankly makes me a better customer. Going through the process, going through the evaluation and being able to get access to highly qualified vendors was absolutely critical for confidence.

It has been a pleasure working with the VECKTA Team during the feasibility study. VECKTA's initial report has proven to be a valuable tool in assisting Macarthur with their power supply deliberations and decisions for the feasibility study.