Dominion Invests in Smart Grid Infrastructure Company
19 1월 2010 - 10:00PM
PR Newswire (US)
- Power Tagging Technologies has key technology to smart grid
information - Digital 'tags' embedded in smart grid, not along
parallel communications networks - Company focused on system
reliability, security, green renewables, PHEVs RICHMOND, Va., Jan.
19 /PRNewswire-FirstCall/ -- Dominion (NYSE:D), one of the nation's
largest producers of energy, announced today that it has invested
in Power Tagging Technologies Inc., a company with the potential to
improve the flow of information on the smart grid. Dominion has
invested $3 million in the privately held company, which is based
in Superior, Col. "Power Tagging offers a key to opening a world of
improved energy information and customer service through the smart
grid," said Mary C. Doswell, senior vice president-Alternative
Energy Solutions for Dominion. "We anticipate that for the first
time, utilities will be able to measure, trace and audit the flow
of electricity on the smart grid - in effect, to 'tag' it and
follow it - with a technology that is embedded in the power grid
itself rather than on a parallel communications network. This
should improve the flow of information and help provide cost and
environmental benefits." With Power Tagging's technology, utilities
would know immediately about changes in electrical flow on the
circuit between a customer's home or business and the neighborhood
substation, pinpoint problems and needed repairs, and manage
specific consumer electricity demand. Dominion studied Power
Tagging's patent-pending Grid Location Aware(TM) technology through
its Alternative Energy Solutions group. Dominion formed the group
last year to provide technology research to support its business
units, identify business opportunities, participate in the nation's
energy policy development process, and provide an information- and
idea-sharing forum within the company on conservation and load
management and renewables. About Dominion Dominion is one of the
nation's largest producers and transporters of energy, with a
portfolio of more than 27,500 megawatts of generation, 1.2 trillion
cubic feet equivalent of proved natural gas and oil reserves,
14,000 miles of natural gas transmission, gathering and storage
pipeline and 6,000 miles of electric transmission lines. Dominion
operates the nation's largest natural gas storage systems with 975
billion cubic feet of storage capacity and serves retail energy
customers in 12 states. For more information about Dominion, visit
the company's Web site at http://www.dom.com/ About Power Tagging
Power Tagging is the leader in next generation smart grid
communications for the 21st century. Power Tagging's rapidly
growing team is focused on delivering excellent solutions that
fundamentally transform what is expected from the power grid. Power
Tagging leverages its patent-pending technology for digitally
"tagging" electric power and attached devices to drive solutions in
grid mapping, fault isolation, electric vehicle integration, demand
side management and grid cyber security. By working with utilities,
the stewards of the power grid, Power Tagging solutions are ready
for immediate adoption and maximal impact. For more information,
please visit: http://www.powertagging.com/ DATASOURCE: Dominion
Resources CONTACT: Media: Dominion, Jim Norvelle, +1-804-771-6115,
, or Power Tagging, Steven Berens, +1-303-532-4406 ext. 825, ; or
Analysts: Dominion, James Gregory Snyder, +1-804-819-2383, Web
Site: http://www.dom.com/
Copyright