Smart grid win pile-on: Lots of deals (plus milestones, honors and finance wins too)
Â· National Instruments is partnering with Prolucid LocalGrid Technologies to build the next-generation energy management system for Toronto Hydro, Canada's largest municipal electric utility. Funded by nearly $2.5 million in grants from Canada's ecoENERGY Innovation Initiative and Ontario's Smart Grid Fund, the project takes advantage of distributed intelligence technology to manage renewable energy generated by the community onto the power grid. In addition to allowing for increased generation capacity, thereby reducing greenhouse gas emissions, the companies say the integrated platform can improve reliability and efficiency across the electric power system. Read more >>
Â· Silver Spring Networks entered into an agreement with Masers Energy Malaysia to help bring smart infrastructure benefits to Malaysia. Under the agreement, Silver Spring Networks will coordinate smart infrastructure technology, planning and services for Masers’ Smart Grid City Melaka and Special Economic Zone Melaka projects. "We are excited to partner with Silver Spring Networks as we build a modern, 21st century infrastructure to help accelerate economic growth and deliver innovative smart city services for Malaysia’s citizens,” said Dato’ Seri Suhaimi Abd Rahman, CEO at Masers Energy. Read more >>
Â· Aclara Technologies announced that Indiana's Anderson Municipal Light and Power will implement its TWACS power-line communications system. The utility will use the system to reduce costs and improve service to the almost 60,000 residents of Anderson, Ind., a city about 25 miles northeast of Indianapolis. The TWACS AMI upgrade being implemented allows customers to track electric consumption, helping them identify and cut back on expensive areas of usage. Anderson Mayor Kevin S. Smith said that "an additional benefit from TWACS is that the utility eventually could institute prepay systems with no additional fees, giving customers more choice in determining how their electricity is delivered.” Read more >>
M&A & FINANCING WINS
Â· GridCOM Technologies based in San Diego, California says it has secured seed funding from Ellis Energy Investments to develop its "future-proof" quantum encryption solution that protects vulnerable communications between millions of automation devices currently controlling the electrical grid. "Correcting the blatant vulnerabilities of the nation's electrical grid is a responsibility we can no longer shirk," said Dr. Duncan Earl, Chief Technology Officer at GridCOM and former R&D staff member with the Cyberspace Sciences and Information Intelligence Research group at Oak Ridge National Laboratory. "This investment ensures that one of our best cyber security tools, quantum encryption, will be developed and offered as a commercial alternative for the very near future." Read more >>
Â· ABB announced it will acquire Camarillo, CA-based Power-One, which provides renewable energy and energy efficient power conversion and power management solutions, for $6.35 per share in cash or $1,028 million equity value. ABB says the transaction would position it as a leading global supplier of solar inverters - the "intelligence” behind a solar PV system - to a market forecasted by the International Energy Agency to grow by more than 10 percent per year until 2021. "Solar PV is becoming a major force reshaping the future energy mix because it is rapidly closing in on grid parity,” said ABB CEO Joe Hogan. "Power-One is a well-managed company and is highly regarded as a technology innovator focusing on the most attractive and intelligent solar PV product." Read more >>
MILESTONES & HONORS
Â· Silver Spring Networks earlier this week joined representatives of Florida Power & Light Company (FPL), General Electric, and the U.S. Department of Energy in a ceremony to celebrate the success of FPL’s pioneering ‘Energy Smart Florida’ initiative and to demonstrate the benefits of advanced smart grid networks at FPL’s Performance and Diagnostic Center. FPL was one of the first utilities to take a "network first” approach to grid modernization and proactively make the infrastructure investments that today enable greater energy efficiency and improved service reliability, while giving customers more control over the energy they use. In the initial phase of the multi-year ‘Energy Smart Florida’ initiative, FPL and Silver Spring successfully connected more than 4.5 million FPL customers to the first smart grid network of its kind. Read more >>
Â· ABB has been recognized by MIT Technology Review for its hybrid high-voltage direct current breaker, placing it on MIT's list of the 10 most important technology milestones of the past year. The annual MIT list highlights the top 10 breakthrough technologies the editors believe will have the greatest impact on the shape of innovation in the years to come. "Since 2001, our editors have carefully selected the technologies poised to make the greatest impact on the shape of innovation in the years to come and the organizations leading the charge in those fields,” said MIT Technology Review’s Editor in Chief and Publisher, Jason Pontin. "ABB is helping to define the way we think about creating practical, high-voltage direct current circuit breakers.” Read more >>
Did you miss last week's wins list? See it here >>
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