Basking Ridge, N.J., February 4, 2010 – Under a new agreement, Current Group and Verizon are enabling real-time power consumption and analysis communications between electric companies and sensors deployed on their networks.
The two companies will leverage their core capabilities to deliver a joint smart grid solution. Verizon will provide the underlying wireless and IP network services, managed network and security services, and advanced IT security consulting services to help electric companies identify and mitigate risks to critical cyber assets, including data, applications, IT systems and networks.
Current will provide its intelligent sensors, which monitor distribution grid performance; its OpenGrid utility element management system; and its System Optimization and Reliability analytical software solutions.
The relationship leverages the experience of both companies to deliver key building blocks for an IP-enabled smart grid. Specifically, the ability for electric utilities to process information securely, reliably and more quickly will be central to making production, distribution and consumption more efficient.
The new offering is immediately available and designed for simple and speedy implementation. Electric companies can adopt the solution on a substation-by-substation, application-by-application or enterprise-wide basis.