Maine Utility Leverages $96M DOE Stimulus Grant and Trilliant's Multi-Tier Architecture to Deploy 620,000 Smart Meters to All Residential and Business Customers
REDWOOD CITY, Calif., Thursday, July 15th 2010 [ME NewsWire]:
(BUSINESS WIRE)-- Trilliant Incorporated, a leader in delivering Smart Grid solutions that enhance energy efficiency, utility operations and renewable resource integration, today announced that it has completed agreements with Central Maine Power (CMP) to provide a complete Smart Grid communications network and advanced meter infrastructure (AMI) solution.
CMP is part of the Spain-based Iberdrola Group, the world's fifth-largest utility with over 30 million customers in 40 countries. Iberdrola services nearly 3 million customers in New York and New England through its U.S. affiliate, Iberdrola U.S.A.
CMP was recently awarded $96M under the Smart Grid Investment Grant program of the U.S. Department of Energy authorized under the American Reinvestment and Recovery Act. The company will install smart meters for all of its 610,000 residential, commercial, and industrial customer accounts beginning later this summer. CMP's service area encompasses roughly the southern third of the state, but accounts for nearly 80% of consumer sales of electricity in Maine. Matching funding from the corporation will bring the total investment to nearly $200M.
The Smart Grid deployment will use Trilliant’s SecureMesh™ communications network to provide a comprehensive high-bandwidth private Wide Area Network (WAN) and Neighborhood Area Network (NAN) that interconnects meters and other Smart Grid-enabled devices to enable consumer energy management. Trilliant's UnitySuite™ head-end software will be used to manage the Smart Grid network. Other services include prime supply of electric meters, network design and installation services, software integration, and project management.
Trilliant partnered with leading companies to bring a best-in-class solution to CMP. General Electric (GE) and Landys+Gyr are providing electric meters and IBM is providing Tivoli/Netcool software to integrate with UnitySuite applications for robust and scalable management of CMP's Smart Grid communications infrastructure.
"We have ambitious goals for our Smart Grid network and we needed a partner with a proven track-record of successful large-scale deployments," said Elizabeth Nowack Cowan, Vice President of Customer Service at Central Maine Power. "Our selection process has been exhaustive, and we're confident that Trilliant's multi-tier expertise sets their solution apart. The flexibility and security of the multi-tier architecture, combined with Trilliant's successful, large-scale deployment at Hydro One in Canada gives us confidence we made the right choice."
"We are thrilled to be working with a company that is part of one of the world's largest global utilities on this leading project," said Andy White, President and CEO of Trilliant. "Central Maine Power has an aggressive schedule, challenging terrain, and strong value commitments to their customers and shareholders. Trilliant was uniquely capable of providing not only a proven and cost-effective solution, but a future-proof Smart Grid communications network with the bandwidth and speed to improve customer service, distribution automation, and consumer energy efficiency over the long term."
The Maine project is Iberdrola's first advanced metering infrastructure project in the U.S. CMP expects to complete the installations by early 2012. The AMI system will improve the company's operations and customer service. It will also enable electricity supply companies and Maine regulators to work toward creating new benefits for consumers such as flexible rate schedules, lower energy costs, and peak demand load-shifting and load-shedding programs.
About Trilliant Incorporated
Trilliant Incorporated provides hardware, software and service solutions that deliver on the promise of Advanced Metering and Smart Grid to utilities and their customers including improved energy efficiency, grid reliability, lower operating cost, and integration of renewable energy resources. Since its original founding in 1985, Trilliant has been a leading innovator in the delivery and implementation of energy management systems, including advanced utility wireless data collection for residential and commercial customers, demand response, time-of-use billing, and critical peak pricing initiatives. Trilliant currently has more than 200 utility customers including Hydro One, the single-largest Smart Grid implementation in North America. For more information please visit http://www.trilliantinc.com.
All brands and names mentioned herein are trademarks of their respective holders.
For media enquiries, please contact:
Element Public Relations for Trilliant
Tim Smith,
415-350-3019
tsmith@elementpr.com
Showing posts with label Trilliant. Show all posts
Showing posts with label Trilliant. Show all posts
Thursday, July 15, 2010
Trilliant Raises $106 Million of Capital
Investor Growth Capital, VantagePoint, ABB, and GE Invest in Trilliant
REDWOOD CITY, Calif., Thursday, July 15th 2010 [ME NewsWire]:
(BUSINESS WIRE)-- Trilliant Incorporated, a leader in delivering Smart Grid solutions that enhance energy efficiency, utility operations, and renewable resource integration, today announced that it has closed financing totaling $106 million from a global syndicate of industry and financial leaders. The financing round was led by two highly respected financial investors, Investor Growth Capital (the wholly-owned venture arm of Investor AB of Sweden) and VantagePoint Venture Partners and two leading global grid-related equipment companies, ABB and GE. The financing, which was syndicated by Deutsche Bank, also includes a significant credit facility from a major venture credit provider as well as continuing financial support from existing investors MissionPoint Capital Partners and zouk ventures. The new investment will be used to finance Trilliant's continued growth in North America and globally.
"Our new investors represent some of the largest and most trusted companies in the utility industry," according to Andy White, president and CEO of Trilliant. "Their combined industry experience, financial strength, and global footprint will provide us with the resources to expand our Smart Grid solutions across North America and to a global marketplace. The strength and caliber of our partners will give current and future customers confidence that they have chosen a long-term market leader."
Trilliant provides utilities around the world with comprehensive, secure, standards-based, and real-time Smart Grid communication network solutions. Trilliant has over 200 utility customers, including Hydro One in Ontario, Canada. Hydro One has deployed Trilliant smart communications to over 1.1 million customers in support of the largest operating time-of-use billing program in the world. Trilliant’s multi-tier architecture, which connects utility distribution, metering, and consumer energy management devices, remains the industry's only fully integrated end-to-end Smart Grid solution.
"Trilliant has demonstrated a proven track record of helping utilities successfully deploy large-scale Smart Grid solutions," according to Dr. Albert Kim, managing director at Investor Growth Capital. "It is clear that Trilliant's combination of product differentiation and project implementation expertise provides utilities with the most functional, expandable and cost-effective path to a Smart Grid communications network. We look forward to lending our global expertise to such an important industry leader as Trilliant. IGC has been tracking the Smart Grid arena for many years and we have grown increasingly excited recently about the tremendous opportunities. We could not be more enthusiastic to be leading such an exquisite syndicate of institutional and strategic investors."
"The global Smart Grid market represents a transformation of how utilities and consumers interact with energy supply and demand," said Stephan Dolezalek, head of the CleanTech Practice at VantagePoint Venture Partners. "This transformation requires a combination of technological leadership, financial strength and significant corporate backing from global players. We believe that this financing and this team of participants clearly puts Trilliant at the forefront of this market and provides utilities with validated solutions and real-world expertise to realize the long-term benefits from a Smart Grid communications network."
"Today's utilities are looking for a unique combination of proven deployments, scalable, globally applicable solutions, and product leadership," added Girish Nadkarni, Managing Director of ABB Technology Ventures. "We invest in companies that have technologies of strategic interest to us and as Trilliant addresses all three issues, it makes them a compelling choice. We look forward to lending our global expertise and presence to them."
"GE and Trilliant are aligned around a common vision to modernize the power grid to support the energy needs of our 21st century society. Our companies have a shared commitment to bringing enhanced communications and information technology to our power grid. Through real-time knowledge and information sharing, a smarter grid will empower consumers to manage energy usage and costs, optimize the integration of cleaner energy sources, and drive increased energy efficiencies," according to Luke Clemente, General Manager, Metering and Sensing for GE's Digital Energy business. "Our investment in Trilliant strengthens our collaborative efforts to bring metering and consumer solutions to a wide variety of Smart Grid opportunities."
About Trilliant Incorporated
Trilliant Incorporated provides hardware, software and service solutions that deliver on the promise of Advanced Metering and Smart Grid to utilities and their customers including improved energy efficiency, grid reliability, lower operating cost, and integration of renewable energy resources. Since its original founding in 1985, Trilliant has been a leading innovator in the delivery and implementation of energy management systems, including advanced utility wireless data collection for residential and commercial customers, demand response, time-of-use billing, and critical peak pricing initiatives. Trilliant currently has more than 200 utility customers including Hydro One, one of the largest Smart Grid implementations in North America. For more information, please visit http://www.trilliantinc.com.
All brands and names mentioned herein are trademarks of their respective holders.
For media enquiries, please contact:
Element Public Relations for Trilliant
Tim Smith,
415-350-3019
tsmith@elementpr.com
REDWOOD CITY, Calif., Thursday, July 15th 2010 [ME NewsWire]:
(BUSINESS WIRE)-- Trilliant Incorporated, a leader in delivering Smart Grid solutions that enhance energy efficiency, utility operations, and renewable resource integration, today announced that it has closed financing totaling $106 million from a global syndicate of industry and financial leaders. The financing round was led by two highly respected financial investors, Investor Growth Capital (the wholly-owned venture arm of Investor AB of Sweden) and VantagePoint Venture Partners and two leading global grid-related equipment companies, ABB and GE. The financing, which was syndicated by Deutsche Bank, also includes a significant credit facility from a major venture credit provider as well as continuing financial support from existing investors MissionPoint Capital Partners and zouk ventures. The new investment will be used to finance Trilliant's continued growth in North America and globally.
"Our new investors represent some of the largest and most trusted companies in the utility industry," according to Andy White, president and CEO of Trilliant. "Their combined industry experience, financial strength, and global footprint will provide us with the resources to expand our Smart Grid solutions across North America and to a global marketplace. The strength and caliber of our partners will give current and future customers confidence that they have chosen a long-term market leader."
Trilliant provides utilities around the world with comprehensive, secure, standards-based, and real-time Smart Grid communication network solutions. Trilliant has over 200 utility customers, including Hydro One in Ontario, Canada. Hydro One has deployed Trilliant smart communications to over 1.1 million customers in support of the largest operating time-of-use billing program in the world. Trilliant’s multi-tier architecture, which connects utility distribution, metering, and consumer energy management devices, remains the industry's only fully integrated end-to-end Smart Grid solution.
"Trilliant has demonstrated a proven track record of helping utilities successfully deploy large-scale Smart Grid solutions," according to Dr. Albert Kim, managing director at Investor Growth Capital. "It is clear that Trilliant's combination of product differentiation and project implementation expertise provides utilities with the most functional, expandable and cost-effective path to a Smart Grid communications network. We look forward to lending our global expertise to such an important industry leader as Trilliant. IGC has been tracking the Smart Grid arena for many years and we have grown increasingly excited recently about the tremendous opportunities. We could not be more enthusiastic to be leading such an exquisite syndicate of institutional and strategic investors."
"The global Smart Grid market represents a transformation of how utilities and consumers interact with energy supply and demand," said Stephan Dolezalek, head of the CleanTech Practice at VantagePoint Venture Partners. "This transformation requires a combination of technological leadership, financial strength and significant corporate backing from global players. We believe that this financing and this team of participants clearly puts Trilliant at the forefront of this market and provides utilities with validated solutions and real-world expertise to realize the long-term benefits from a Smart Grid communications network."
"Today's utilities are looking for a unique combination of proven deployments, scalable, globally applicable solutions, and product leadership," added Girish Nadkarni, Managing Director of ABB Technology Ventures. "We invest in companies that have technologies of strategic interest to us and as Trilliant addresses all three issues, it makes them a compelling choice. We look forward to lending our global expertise and presence to them."
"GE and Trilliant are aligned around a common vision to modernize the power grid to support the energy needs of our 21st century society. Our companies have a shared commitment to bringing enhanced communications and information technology to our power grid. Through real-time knowledge and information sharing, a smarter grid will empower consumers to manage energy usage and costs, optimize the integration of cleaner energy sources, and drive increased energy efficiencies," according to Luke Clemente, General Manager, Metering and Sensing for GE's Digital Energy business. "Our investment in Trilliant strengthens our collaborative efforts to bring metering and consumer solutions to a wide variety of Smart Grid opportunities."
About Trilliant Incorporated
Trilliant Incorporated provides hardware, software and service solutions that deliver on the promise of Advanced Metering and Smart Grid to utilities and their customers including improved energy efficiency, grid reliability, lower operating cost, and integration of renewable energy resources. Since its original founding in 1985, Trilliant has been a leading innovator in the delivery and implementation of energy management systems, including advanced utility wireless data collection for residential and commercial customers, demand response, time-of-use billing, and critical peak pricing initiatives. Trilliant currently has more than 200 utility customers including Hydro One, one of the largest Smart Grid implementations in North America. For more information, please visit http://www.trilliantinc.com.
All brands and names mentioned herein are trademarks of their respective holders.
For media enquiries, please contact:
Element Public Relations for Trilliant
Tim Smith,
415-350-3019
tsmith@elementpr.com
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