CURRENT provides electric utilities a Smart Grid solution that increases the efficiency and reliability of the electric grid while reducing the environmental impact of electric usage. Our integrated solution combines advanced sensing technology, two-way high-speed communications, 24/7 monitoring and enterprise analysis software and related services to provide location-specific, real-time actionable data. CURRENT is also a fully-integrated communications service provider, with the capability to offer high-performance broadband services and home energy management services to every plug in every home or office using the electric wires.

Smart Grid technology is recognized as a key component of the solution to challenges such as increasing electric demand, an aging utility infrastructure and workforce, and the environmental impact of greenhouse gases produced during electric generation. The new federal Energy Independence and Security Act of 2007 calls for the modernization of the electric grid through the implementation of Smart Grid systems.

About CURRENT

The CURRENT Smart Grid™ solution is being used by utilities around the world. For example, in the U.S., CURRENT and Oncor Electric Delivery Company have implemented a Smart Grid in the Dallas-Fort Worth area, the 5th largest U.S. metropolitan statistical area. A Smart Grid is being deployed by Xcel Energy, (a major U.S. electric and natural gas company, serving customers in eight states with over 3 million electric customers) in its Smart Grid City project in Boulder, Colorado. CURRENT is also a participant in a European Union sponsored project led by Iberdrola, the world’s 4th largest electric utility, to expand the use Smart Grid technology to benefit electric utilities and residents of the European Union.

CURRENT, a privately-held company based in Germantown, MD, was founded in 2000. Investors include EnerTech Capital, Google Inc., Goldman Sachs & Co., and Liberty Associated Partners (an investment partnership between Liberty Media Corporation and the Berkman family), among others. CURRENT has been recognized by many awards including the 2006 Platts’ “Global Energy Commercial Technology of the Year” for its technology in relation to emissions reduction, practicality, reliability and overall commercial success, and Red Herring’s 2006 “Top 100 North America.”