Industry Veteran from Schnieder Electric, GE, Siemens to Lead North American Sales for Varentec

SAN JOSE, Calif., Jan. 23, 2014 /PRNewswire/ -- Varentec™, the first provider of intelligent Grid Edge Control™ solutions for electric utilities, today announced the appointment of David Konye as Vice President of Sales.  Konye will be responsible for all sales and customer management for both the utility and commercial sectors in North America.

"Data from our utility pilots has fully validated that the lack of Grid Edge Control™ represents a key business challenge for utilities today, a problem for which, until Varentec, there was no solution," said Dr. Deepak Divan, President and CTO of Varentec. "We are delighted to have Dave join our team with his proven track record of over 20 years helping the utility industry adopt 'new paradigm' solutions, that have gone onto become the standard."

 "Varentec is defining a new operating paradigm to managing the grid, delivering real business and operational benefits today," said Dave Koyne.  "This is reminiscent of where the AMI industry was 20 years ago and I am delighted to join the Varentec team at this exciting inflection point in the industry."

Dave Konye joins Varentec from Schneider Electric, where he was National Sales Director for their Electric Utilities Smart Grid infrastructure business.  Prior to Schneider, Dave held executive sales and marketing positions with GE Fanuc, Power Measurement Ltd., Siemens, and Hays Lemmerz.  He holds a BSEE from General Motors Engineering & Management Institute (Kettering University).

About Varentec:

Varentec's innovative Edge of Network Grid Optimization™ (ENGO™) solutions, to be presented at DistribuTECH, help utilities monitor and directly control the grid edge to deliver unprecedented levels of energy savings, PV integr-ation, voltage & VAR control, demand management, improved asset utilization, and visibility and analytics for utilities. Varentec investors include Khosla Ventures and Bill Gates.

Varentec has been the recipient of various research grants from the Department of Energy and ARPA-E. Varentec is located in San Jose, California. For more information, please visit: www.varentec.com.

SOURCE Varentec



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