Verizon will provide the underlying wireless and IP network services, managed network and security services, and 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 sensors, which monitor distribution grid performance; its OpenGrid utility element management system; and its system optimization and reliability analytical software systems.
Rilck Noel, managing director of global energy and utility practice at Verizon, said: ”This package of essential ingredients will help jump-start power industry efforts to employ smart grid technologies in their day-to-day business operations. The solution will help electric utilities speed integration of renewable energy sources, improve overall grid operations, and realize a secure, IP-enabled smart grid.”
Tom Casey, CEO of Current, said: ”Integrated distribution smart grid technologies like that of Current and Verizon provide utilities with low investment solutions that are easy to deploy and deliver fast, measurable results.”
The companies claimed that 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 and quickly will be central to making production, distribution and consumption efficient.
The new offering is available and designed for simple and speedy implementation. Electric companies can adopt the system on a substation-by-substation, application-by-application or enterprise-wide basis.
