IBEC acquisition of Grid2020 brings enhanced real-time energy management to the Smart Grid

Source: IBEC 

On the eve of the Rural Smart Grid Summit, International Broadband Electric Communications, Inc. (IBEC), the nation's leader of Broadband over Power Lines (BPL) products and solutions, announced it has acquired Grid2020, a leading energy management, control, and communications solution company. 

"With Grid2020, IBEC has the capability now of offering utilities the ability to manage their energy demands in real-time while at the same time allowing consumers to manage and control consumption at their homes or businesses," announced Scott E. Lee, Chief Executive Officer of IBEC. "Today, IBEC not only offers the foundation of an electric Smart Grid—a high speed real-time BPL communications network—but the tools to control the energy consumption on the Smart Grid, creating a Smarter Grid." 

IBEC is the nation's leader of BPL technology, holding a number of industry leading patents. BPL utilizes existing power lines and infrastructure to establish a communications network and device management system throughout a utility's electric grid. 

"Power operators utilizing Grid2020 are able to manage demand, and make curtailment decisions based on real-time information on customer discretionary loads under control," noted Dan Hermes, President and GM of Grid2020. 

Grid2020 provides true virtual power plant capabilities to grid operators, manages load reduction triggered by events or price, and controls demand which is as important as maintaining a stable power supply. Grid2020 uses a cutting-edge monitoring hub, wireless thermostat, and load meter to monitor and control energy consumption in real-time. Operators of the system interact via a secure web browser interface. 

"Consumers can literally use the Internet, their iPhone, or any mobile web-enabled device to control their thermostat and manage their energy usage to save money while improving the quality of life for themselves and their families," noted Lee. 

Regarding BPL, the cost to install BPL is a fraction of installing other types of communications networks because BPL relies on long-established and existing electric power lines and infrastructure. With BPL, IBEC can provide high-speed Internet services to consumers. Residents in a BPL area literally plug into an electric outlet in their home to get broadband service. 

Grid2020, now a wholly-owned subsidiary of IBEC, was formally known as WattShifters.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs