GRID2020 and Dominion Voltage, Inc. Bring Grid Optimization to New Markets

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  • Best-In-Class Providers Will Globalize Voltage Optimization
  • Combined technologies provide demand response, conservation, and Volt/VAR with or without the use of smart meters

RICHMOND, Va., July 31, 2014 (GLOBE NEWSWIRE) -- GRID2020, Inc., a leading distribution transformer monitoring provider and Dominion Voltage, Inc. (DVI), a grid optimization solutions provider, have teamed up to bring grid optimization into new markets.

"By taking advantage of the GRID2020 technology and integrating it into our platform, we are able to offer our EDGE® solution into markets that were previously unreachable," said Todd Headlee, executive director of DVI. "This platform also lays the foundation for integrating distributed generation and electric vehicles onto the grid. We are excited about this new collaboration and the opportunity to work together to expand our reach in the grid-optimization market."

Following months of rigorous research and evaluation, DVI concluded that GRID2020 provides a superior intra-grid sensing platform to effectively drive its EDGE® solution within markets not possessing smart meters.

In addition, GRID2020 OptaNODE™ DTM intra-grid sensors can be used to optimize the grid as distributed generation and electric vehicles become more prevalent.

GRID2020 and DVI have combined best-in-class technologies to deliver effective demand response, energy conservation, and Volt/VAR offerings to electric distribution utilities across the globe where smart metering technology is absent. DVI's EDGE® and GRID2020's OptaNODE™ solutions uniquely empower utilities of all sizes to optimize their distribution circuits and achieve significant savings.

"We've seen market recognition for the asset management and revenue protection made possible by our OptaNODE™ DTM intra-grid sensors," said Scott Bussing, GRID2020 VP Sales. "Our DVI collaboration provides a system-wide voltage optimization strategy that leaves metering assets and processes intact, enabling utilities and their customers to achieve significant and sustainable energy and demand savings without disrupting operations."

The collaboration in technologies will provide a clear solution to the demand for global voltage optimization. By utilizing the versatility of the OptaNODE™ DTM intra-grid sensor to measure voltage data, real-time information can be fed into the EDGE® voltage optimization engine.

About DVI

DVI is a leading provider of grid optimization technology providing solutions for energy efficiency demand response and volt/VAR control. DVI's patented approach plans, manages and validates utilities' investments in grid modernization while delivering significant energy savings to both utilities and their customers. For more information about DVI, visit www.dvigridsolutions.com

DVI is a subsidiary of Dominion Resources, Inc. (NYSE:D), one of the nation's largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of generation. For more information about Dominion, visit the company's website at www.dom.com

About GRID2020

GRID2020 is a leading provider of comprehensive Distribution Transformer Monitoring solutions marketed as OptaNODE™. This best-in-class product family features patented high accuracy intra-grid sensors and the industry's fastest deployment capability. In addition to patented hardware, GRID2020 provides proprietary software and analytics to maximize end user value. By employing wide-ranging device communications options and the ability to interface data with existing SCADA, MDM, and AMI collection engines, the OptaNODE solution is versatile and globally relevant. The company's focus is to help electric utilities worldwide to optimize energy efficiency. Web site: http://www.grid2020.com

CONTACT: K.B. Forbes, GRID2020 kb@kbforbes.com Phone: (202) 320-1212 David Botkins, Dominion/DVI david.botkins@dom.com Phone: (804) 771-6115

Source: GRID20/20;Dominion Voltage, Inc.