Duke Awards Smart Grid Contract to Ambient
Press Release
Source: Ambient Corporation
On Wednesday September 9, 2009, 8:00 am EDT
BOSTON, Sept. 9 /PRNewswire-FirstCall/ -- Ambient Corporation (OTC Bulletin Board: ABTG - News) today announced a long-term agreement with Duke Energy to provide communication technologies for the utility's next phase of its smart grid deployment.
"Duke is pleased to expand our relationship with Ambient through the execution of this agreement. Ambient's two-way communication node advances our vision of building a smart grid intelligent network that supports the integration of numerous devices on the grid," said Todd Arnold, Duke Energy's SVP of Smart Grid and Customer Systems.
The contract calls for Ambient to provide its X-series communications node as the central communications technology to transmit data from residential and commercial smart meters, and other applications back to the utility's network operations center. This communications node allows for the efficient collection, analysis and management of energy demand through collected usage data to promote more reliable, affordable and environmentally friendly operations.
"This contract continues a strong collaboration with Duke Energy from early smart grid development projects begun in 2005," said John J. Joyce, President and CEO of Ambient Corporation. "We are pleased to work with Duke Energy to provide a key component of its communications platform, helping to achieve its vision for a smart grid network."
Duke Energy, one of the largest electric power companies in the United States, has committed to building smart grid deployments over the next five years throughout its service regions, and recently received regulatory approval for an approximate 700,000 electric smart meter deployment in Ohio. The company also has plans for smart grid initiatives in Indiana, the Carolinas and Kentucky. (See Duke Energy's http://smartenergynewsroom.com).
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies. Headquartered in Newton, MA, Ambient is a publicly traded company (OTC Bulletin Board: ABTG - News). More information on Ambient is available at www.ambientcorp.com.
Wednesday, September 09, 2009
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Duke seeks $200 million stimulus money for $1 BILLION electric grid modernization !!!
ReplyDeleteAugust 7, 2009
Duke seeks stimulus money for 'smart' meters
Duke Energy would accelerate its deployment of more than 800,000 so-called "smart meters" in Ohio and Kentucky, one of the largest such investments in the country, under a $200 million federal stimulus grant request submitted today to the Department of Energy.
Duke joins dozens of other utilities around the country seeking a piece of the more than $4 billion the DOE expects to award by year's end for smart-grid initiatives, using two-way digital communication to improve energy efficiency and reliability by detecting power failures sooner.
"Our goal is to replace today's non-interactive electric grid with a highly interactive two-way communication grid that used advanced digital technology," said Todd Arnold, senior vice president for smart grid and customer systems for the Charlotte, N.C.-based company.
Duke, which has 700,000 electric customers in southwest Ohio and another 100,000 in Northern Kentucky, has deployed 48,000 smart electric meters and 29,000 gas meters in Ohio. It doesn't yet have regulatory authority to begin deployment in Kentucky, a spokesman said.
The utility expected to complete the $1 billion electric grid modernization in its Ohio, Kentucky and Indiana region by 2014. If it receives the federal stimulus money, the deployment could be completed by 2012, Duke said. Besides new customer meters the system includes new switches and sensors on distribution lines.
As part of its request, Duke also is seeking $14 million for smart grid transmission lines and demonstration projects in its North and South Carolina service area.