Grid Net creates industry advisory board to help drive regulatory strategy for the smart grid

Source: Grid Net

Grid Net, a global leading provider of real-time, all-IP Smart Grid and Smart Home software platforms for any device and any broadband technology, today announced the completion of a regulatory advisory team that will guide its vision and strategy to upgrade the smart grid to 21st century standards. Grid Net’s Industry Advisory Board provides company executives with an important resource to help guide its corporate growth and operational excellence strategy.

Grid Net’s Industry Advisory Board consists of former chairs of Public Utility and Service Commissions in Massachusetts, Michigan, and Texas. Grid Net will leverage the wisdom and expertise of Paul Afonso, former chairman of the Massachusetts Department of Telecommunications and Energy (DTE); Laura Chappelle, former chairman of the Michigan Public Service Commission (PSC); and Paul Hudson, former chairman of the Texas Public Utility Commission (PUC).

“Regulators and utility executives are working hand-in-hand to ensure that the electric grid is modernized to meet the needs of the 21st century,” said Ray Bell, CEO of Grid Net. “That’s why we’ve recruited these regulatory leaders to share our vision, breakthrough technology, and the insights we are gaining with our successful deployments, and to better understand the regulatory framework and the coming changes. This advisory board of established leaders is essential to accomplishing the goals we’ve set for Grid Net.” 

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Mr. Afonso, former chairman of the Massachusetts Department of Telecommunications and Energy, commented, “I’ve been impressed with PolicyNet and the comprehensive and successful impact that it can have on our nation’s major infrastructures, beyond just electricity. I’m looking forward to sharing PolicyNet’s breakthrough capabilities within the regulatory community.”

Ms. Chappelle, former chair of the Michigan Public Service Commission, remarked, “I’m truly honored to join the esteemed team at Grid Net. I’ve gained a profound respect for Grid Net’s innovative technology, especially their software platform, PolicyNet. I’m equally impressed with Grid Net’s investors and their diverse and growing list of partnerships with first-class, world-renowned technology companies. I especially appreciate that PolicyNet will deliver a smart grid platform at the lowest possible cost to enhance the position of customers in the evolving smart grid.”

Mr. Hudson, former chairman of the Texas Public Utility Commission, added, “Grid Net is working on an expansive vision of the smart grid that looks far beyond advanced metering infrastructure. This vision incorporates a myriad of technological opportunities that we are only just beginning to understand, and it also requires the regulatory community to acknowledge and understand the practical challenges companies face when putting the smart grid vision into practice.”

Grid Net provides an integrated suite of policy-based software products. The cornerstone of this suite is the PolicyNet SmartGrid Network Management System™ (NMS) that provides an intelligent, reliable, real-time, all-IP, cost-effective, secure, policy based network management system software platform, operated within the utility’s network operations center, that provides complete lifecycle management services for millions of Smart Grid devices. In conjunction with the PolicyNet SmartGrid NMS, the PolicyNet Smart Network Operating System™ (SmartNOS) and PolicyNet SmartAgent™ firmware, which runs embedded on smart meter devices, provides secure, policy-based intelligence, monitoring, reporting, and control for real-time, advanced smart grid management. The SmartNOS™ firmware has the ability to run single or multiple PolicyNet SmartAgents™ for the localized operation and enforcement of distribution automation, smart metering, demand response, home area management, electric vehicle management, distributed generation management, and energy storage management functions on any smart grid device on the network.



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