Current Group partners with Tendril to demonstrate smart grid solutions

Washington, D.C., October 6, 2009 – Current Group entered into an agreement with Tendril, creator of the Tendril Residential Energy Ecosystem, an open, standards-based home energy management platform for utilities, energy retailers and their consumers, to offer interoperable solutions.

The Tendril relationship demonstrates the commitment by both companies to deliver solutions that integrate Current’s advanced sensors, communications and analytics for the electric distribution system with Tendril’s comprehensive suite of energy management applications and family of in-home hardware.

Such partnerships assure that utilities can invest in technologies that exemplify the power of smart grid; ubiquitous, high-speed, secure, two-way communications and sensing from the distribution grid to the utility back office, and extending into the customer premise.

Through Current’s distributed sensing, monitoring, communications and analytical technologies, utilities are better able to understand, predict and respond to system disturbances and faults, identify where inefficiencies are, and enable the smartest possible sourcing and distribution of power by the utility to their customers.

Current’s technologies are being implemented by utilities worldwide. Current is a member of the Xcel Energy SmartGridCity consortium that also includes Xcel Energy, Accenture, Schweitzer Engineering Laboratories, Ventyx, GridPoint, OSIsoft and SmartSynch.

Xcel Energy’s SmartGridCity is using the integrated Current Smart Grid solution that combines advanced sensing technology with two-way real-time communications, 24/7 monitoring and enterprise analysis software and related services to provide Xcel Energy with location-specific, actionable intelligence on its electric distribution grid.

Current is also engaged in European Union-sponsored projects in partnership with Iberdrola, the world’s 4th largest electric utility, among others, to expand the use of smart grid technology in the European Union.

Current is a private company that is backed by investors including Liberty Associated Partners, EnerTech Capital, Google, Inc. and Goldman Sachs & Co.

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