AT&T (NYSE: T) announced an agreement with Current Group to combine smart grid offerings for utilities in the U.S.
AT&T will offer Current Smart Grid® Distribution Solutions, which help utilities increase grid efficiency and system capacity by managing demand dynamically and reducing power delivery losses. Current’s solutions includes intelligent sensors and analytical software that manage and monitor distribution grid performance. AT&T will combine these with its suite of M2M pricing plans designed specifically for the smart grid market.
The agreement between AT&T and Current provides utilities with an integrated solution that includes the breadth of AT&T’s managed and network services, combined with AT&T’s mobile broadband network. Having an integrated solution helps utilities to streamline deployment and reduces equipment and maintenance costs.
“Our new relationship with Current will help utilities move from their traditional distribution infrastructure into a truly smart grid model that provides centralized real-time data collection and analysis – without touching the end customer and without relying on meters,” said Michael Antieri, President, Advanced Enterprise Mobility Solutions, AT&T Business Solutions.
Current was founded in 2000 and is backed by investors including Liberty Associated Partners, EnerTech Capital, Google, Inc., and Goldman Sachs & Co. Current is headquartered outside of Washington, DC, with offices throughout the United States and Switzerland and Singapore, and has representation in Australia, France and the United Kingdom.
Current is engaged in European Union-sponsored projects in partnership
with Iberdrola (IBE.MC).
In 2009 alone, Current was honored by the World Economic Forum as a 2009
Technology Pioneer, selected by Venture Beat as one of the World’s Top
10 Most Innovative Smart Grid companies, and selected by Dow Jones as
one of the Top 10 most Innovative Clean Technology companies in Europe.
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