© CURRENT Group, 2010 - Proprietary & Confidential 1 currentgroup.com
CURRENT Overview
October, 2010
© CURRENT Group, 2010 - Proprietary & Confidential 2 currentgroup.com
About Us· The leader in Smart Grid with intelligent sensors and utility
device management and analytic software solutions· Locations include U.S., Europe, and Australia· Enabler of Smart Grid communications, sensing and
analytics platform for SmartGridCityTM with Xcel Energy· Providing smart metering communications, advanced
sensing and network management solutions to Iberdrola, the world’s 4th largest electric utility
· Collaborating with Iberdrola and others in EU-funded programs to develop European Smart Grid platform that enables an open standard for metering, integrated communication technologies, and advanced distribution management capabilities.
Member of: GridWise Alliance, Smart Grid Australia, IEEE, European Consortiums (EU FP7 ADDRESS, EU FP7 OPEN, EU FP7 INTEGRIS, PRIME) and the Joint US-China Cooperation on Clean Energy.
· Winner of:– 2009 World Economic Forum Technology Pioneer- 2009 VentureBeat Ten Top 10 innovations driving the
future of the Smart Grid- Go Green East 2009, 2010- Dow Jones 2008 Ten Most Innovative Clean Tech
Companies in Europe
Investors
© CURRENT Group, 2010 - Proprietary & Confidential 3 currentgroup.com
“. . . a power system that can incorporate millions of sensors all connected through an advanced communication and data acquisition system. This system will provide real-time analysis by a distributed computing system that will enable predictive rather than reactive
responses to blink-of-the-eye disruptions.” (EPRI, emphasis added)
Smart Grid Vision
(picture courtesy of Xcel Energy)
CURRENT’s Area of Focus
Today: High degree of automation, optimization and control
Limited automation, optimization and control
© CURRENT Group, 2010 - Proprietary & Confidential 4 currentgroup.com
Up to 5% reduction in
electric demand with no
impact on customer
Estimated 87%
reduction in cost of
outages
$0.50 for every $1 spent on
electricity (EPRI)
“Without a radically
expanded and smarter electric grid, wind and
solar will remain niche
power sources”
(MIT, similarly European SG Platform,
Ontario Smart Grid Forum)
Enables better
utility and end user energy usage
Improve Grid Operations
IntegrateIntermittent Renewables
Enable End User Energy
Management Reduce Outages
Smart Grid Platform (communications, sensing, software)
CURRENT Value Model: >U.S.$1,000 NPV Benefits per Customer