Smart grid platform player gets ARRA loan
By: SGN Staff
Quick Take: We are seeing more and more small firms promoting "platforms" and "hubs" for electric power utilities. Typically they provide a way for a utility to manage several applications with a single system. And to incrementally add new modules in areas such as demand response, renewables, EV charging and so on. It's a trend worth watching. â€“ Jesse Berst
If you thought the smart grid stimulus well had gone dry long ago, here's word from Denver-based Green Energy Corp. that it's been awarded $2,000,000 in American Recovery and Reinvestment Act funding from the Colorado Governorâ€™s Energy Office Revolving Loan Fund.
The loan will provide working capital for the software company to continue development and marketing of the GreenBusÂ® Smart Grid software platform. As Green Energy explains it, GreenBus provides a pathway for utilities and microgrid operators to incrementally adopt smart technology without disrupting the performance of existing infrastructure. For example, the advanced functionality inside GreenBus allows power providers to easily integrate renewable energy sources such as wind, solar, and biomass and better manage electric vehicles.
Jesse Berst is the founder and chief analyst of Smart Grid News.com. He consults to smart grid companies seeking market entry advice and M&A advisory. A frequent keynoter at industry events in the US and abroad, he also serves on the Advisory Council of Pacific Northwest National Laboratory's Energy & Environment directorate.
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