TXU Corp., General Electric Co., EarthLink Inc. and Sensus Metering Systems are four new strategic equity investors in CURRENT Communications Group LLC, a company specialising in broadband over power line (BPL) networks. Their investment, plus that of some existing equity investors, means that CURRENT has $130 million to accelerate the deployment of BPL-enabled smart grid electricity utility networks and alternative broadband communication services.
CURRENT uses BPL technology to create a multi-purpose high-speed data network by placing advanced digital equipment on electricity distribution networks. The first BPL-enabled smart grid has been deployed at Texas utility TXU Electric Delivery, which will serve more than 2 million homes and businesses. A range of smart equipment and applications, including automated meters, 24/7 power quality monitoring and remote security cameras, will be installed on the distribution network to provide TXU Electric Delivery with real-time information.