Smart grid wins: See who inked deals with Silver Spring, Siemens, Alstom (and others)
By Liz Enbysk
SGN Managing Editor
This week's list of smart grid wins takes us around the world. Scroll down to see where Siemens is building substations, where Silver Spring is laying groundwork for smart city technology, which new market Alstom is venturing into. And click over to page 2 to see who just acquired CURRENT Group, plus a look at financing wins and honors.
Â· Silver Spring Networks is partnering with CPS Energy to support smart grid development in San Antonio, Texas. Through the partnership, Silver Spring and CPS Energy will lay the groundwork to implement smart energy and smart city technology across the utility's service territory, which includes approximately 740,000 electric and 340,000 natural gas customers. CPS Energy is the largest municipally owned electric and natural gas utility in the U.S. In addition to providing smart grid networking services, Silver Spring will help expand San Antonio's New Energy Economy initiative, focusing on economic development, job creation and workforce development efforts. Read more >>
o OCI Solar Power broke ground this week on the first phase of its solar deal with CPS Energy, which it says pairs sizeable generation with economic development. OCI says the 400 MW San Antonio project is the largest in the state and will catapult Texas to one of the top five U.S. solar producing states. Read more >>
Â· Siemens won an order from the Japanese company Toyota Tsusho Corp. to build 24 transformer substations for the Iraqi Electricity Ministry. Siemens will build the turnkey substations in 10 Iraqi provinces to help upgrade the power supply in the country. The order has a volume of â‚¬62.1 million. Read more >>
Â· Alstom is entering the Canadian wind market through an agreement with NaturEner for the supply of up to 414 MW of wind turbines to be installed at NaturEner’s Wild Rose Projects in Alberta. The agreement includes 138 wind turbines and 10 years of maintenance services. Read more >>
M&A / FINANCING WINS
Â· CURRENT Group, a smart grid solutions provider based outside of Washington, D.C., has been acquired by Ormazabal, an international supplier of equipment and services for medium voltage electricity distribution networks with headquarters in Spain. In an announcement Ormazabal noted the product and service lines of both companies are complementary and will enable it to offer complete monitoring, automation and communications solutions for the transformer substations in electrical networks. Ormazabal plans to introduce CURRENT solutions in countries where it has a strong sales network, such as Germany, France, the United Kingdom, China and Latin America. Read more >>
Â· Lucid Energy announced it is the first U.S. company to receive funding from OurCrowd, a new hybrid venture capital/crowdfunding platform. The Portland, Oregon company will use the funding to globally roll out its LucidPipe Power System, which uses large water pipelines to generate low-cost, renewable energy. Read more >>
Â· Gridtential Energy, a San Jose, CA-based developer of low-cost, high-performance energy storage technology, announced $1 million seed funding led by The Roda Group. Gridtential has developed and tested internal prototypes of an advanced battery design it says has significant cost and performance advantages over current products and it will use the seed funding to develop full-scale demonstration units for field tests within the next year. Read more >>
Â· Tendril has been chosen to receive the 2012 Climate Change Business Journal Award for Technology Merit: Smart Grid and Energy Management. According to CCBJ, Boulder, Colorado-based Tendril was selected based on its pioneering technology for the home energy management market and the ability of its technology to enable residents to monitor their energy consumption and manage their usage for greater efficiency and to participate in residential demand response programs. Read more >>
Â· Power Analytics' Paladin Software Suite won EC&M (Electrical Construction & Maintenance) magazine’s Product of the Year award in the software category. The suite provides real-time analytical foresight and optimization for a company’s power system infrastructure. Read more >>
Did you miss last week's wins list? See it here >>
HOW TO SHARE YOUR WIN...
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