Geneva, Switzerland and Germantown, MD, U.S.A. — (METERING.COM) — December 9, 2008 – The World Economic Forum has named global smart grid solution provider, CURRENT Group, LLC, as a Technology Pioneer for 2009.
The World Economic Forum’s Technology Pioneers are companies recognized for the development of life-changing technology innovations that have potential for long term impact on business and society. The CURRENT smart grid solution converts the traditional electric grid into an intelligent network by adding sensing, low latency communications and analytic software to the electric distribution system.
"The World Economic Forum is recognized as a thought leader throughout the world and we are proud to have been chosen for this award," said Tom Casey, CURRENT’s CEO. "Smart Grids are a critical component to addressing global warming as well as to improving the overall reliability of the electric grid."
CURRENT is involved in several smart grid projects around the world including Xcel Energy’s Smart Grid City(TM) in Boulder, Colorado, U.S.A. CURRENT was also recently named by Dow Jones as one of the Ten Most Innovative Clean Tech Companies in Europe.
The Technology Pioneers program is run by the World Economic Forum with guidance from Accel Partners, BT, KPMG and Kudelski Group. The five criteria on which the award is evaluated are innovation, potential impact, growth and sustainability, proof of concept, and leadership.