Oncor Electric Delivery Company has agreed to purchase CURRENT Group LLC’s existing smart grid network, a transaction which involves the largest broadband-based smart grid deployment in the world. It will enable Oncor to provide smart grid services to up to one-sixth of its service territory.
The two companies have also entered into a multi-year agreement whereby CURRENT will license its smart grid software systems and sell additional products to Oncor that will allow Oncor the opportunity to expand the smart grid network to cover up to one-half of its service territory.
The CURRENT Smart Grid™ solution includes broadband over power line (BPL) equipment and technology as well as fiber optics, embedded sensing and software analytics to monitor Oncor’s electric distribution system 4×7. It provides Oncor with real time information on the status of its distribution network and provides automated meter reading.