Falls Church, VA, Aug. 14, 2008 — MainNet Communications announced its new financing program for municipal utilities deploying Solo, the company’s smart grid solution.
The new program will give municipal utilities the opportunity to implement an advanced metering infrastructure (AMI) and smart grid solution with little or no initial investment. The Tax Exempt Lease Purchase program offered by MainNet through Mosaic International is a low interest lease and can be structured for terms of up to 15 years.
“The combination of low interest and the long term financing lets many municipal utilities have the opportunity to experience the benefits and cost savings from our smart metering solution today,” said Joe Marsilii, MainNet’s CEO.
The Solo platform combines MainNet’s Ethernet-based power line communication system with an IEEE 802.15.4/ZigBee RF Mesh network to ZigBee-enabled meters. It also serves as the infrastructure for additional smart grid applications, including in-home load switches, thermostats and smart appliances; reading of other utility meters (e.g. water and gas), and more. The communications network is based on open protocols and allows the utility to add applications by connecting any ZigBee-based or Ethernet- based device to the network, including distribution automation switches, sensors and other devices from a wide variety of standards-based products. Also included in the solution are meters with under-the-glass meter interface modules (MIMs) and back-office software tools for AMI and a variety of other smart grid applications.
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