GreenBus Smart Grid Platform Now Available Through Subscription-Based Software Purchase Agreement

DENVER, June 9, 2011 /PRNewswire-USNewswire/ -- Green Energy Corp, a software technology company that enables traditional and emerging power providers to move to the Smart Grid, today announced the availability of its Software Purchase Agreement (SPA) for its subscription-based Smart Grid platform, GreenBus®.

The GreenBus facilitates the capture and management of high volume, real-time field device data and provides interoperability for applications to access and share operational data securely.  It is also the only open software platform to integrate emerging technologies like renewables, storage and electric vehicles into the next generation or 'smart' grid. As a subscription-based contract, the GreenBus SPA eliminates major capital expenditures associated with the advanced information technologies driving most smart grid initiatives.  

The SPA "pay-as-you-go" model allows subscribers to maximize the impact of technology by buying what they need, when they need it.  Utilities gain immediate efficiency and cost savings with bundled applications that come with GreenBus SPA, or by certified third party applications. Because GreenBus software is delivered by way of a secure cloud, it reduces the need for utilities to manage expensive IT equipment and hire specialized talent.

"With the emergence of the Smart Grid, the utility industry's evolution from electromechanical systems to advanced information and IT driven systems is accelerating," said Craig Miller, Chief Technology Officer at MAPA Group. "Green Energy Corp has taken a fresh look at how to make the new technology work and gain real value from it. They understand that secure, reliable, and fast communications based on solid standards are the foundation of the next generation utilities operations. Their GreenBus provides a modern backbone for integration of a utility's own systems and cloud-based services. It's an early picture of what utilities are going to look like a decade hence."

The GreenBus SPA is a contract to purchase software capabilities during a seven year term. Subscribers start with the Baseline GreenBus capabilities that can be expanded to include additional applications from either Green Energy Corp or GreenBus certified third-party applications. The Baseline SPA subscription consists of:  use of the GreenBus Baseline software and applications in a secure, hosted environment, implementation services for configuration, data migration and real-time data provisioning, software support and training.

"The GreenBus SPA does for IT purchases what  Power Purchase Agreements did for energy contracts," said Elaine Pelletier, General Manager of Green Energy Corp Energy Division. "It allows utilities to acquire technology in a form that suits their environment, at a pace that matches their need and at a price-point they can afford."  

About Green Energy Corp
Green Energy Corp is a member of the National Rural Electric Cooperative Association and part of the MultiSpeak® Initiative. We provide products and software engineering services to utility, energy, and communication companies to enable the Smart Grid. Our team includes senior business leaders and industry experts with deep experience in power engineering, telecommunications, software and IT. Green Energy Corp's GreenBus platform allows for rapid development of utility applications and is the only open source solution that supports interoperability of legacy and new applications.

Green Energy Corp is proud to be associated with the IEEE, IEC, CIGRE, NSF, NSF FREEDM ERC, NIST, NRECA and the Clinton Global Initiative (CGI) organizations. For more information please call (303) 453-8357 or visit www.greenenergycorp.com.

Emily Harrington
Green Energy Corp, Marketing Manager
(303) 453-8357
[email protected]

SOURCE Green Energy Corp