RICHMOND, Va., Feb. 24, 2011 /PRNewswire/ -- Grid2020, a leading energy management, control, and communications solution company, has installed its state-of-the-art energy management system at the offices of the Commonwealth of Virginia's flagship launch pad for new, clean energy technology: the Dominion Resources GreenTech Incubator (DRGI).
"The newly installed Grid2020 system is operated from a web interface and should significantly reduce our utility consumption by adjusting temperatures when our building is not occupied," stated David R. Lohr, Executive Director of DRGI. "We believe significant annual cost savings for businesses and energy conservation make Grid2020 an innovative technology company with a bright future in the energy management sector."
"Many businesses have suffered in the recession and there are certain fixed costs, like energy consumption, they feel they cannot control," noted Dan Hermes, President and GM of Grid2020. "Grid2020 technology shatters that myth: businesses can control their energy usage and monitor it from a laptop or Smartphone through our web interface. Grid2020 can save mid-size to large businesses thousands if not tens of thousands of dollars annually in energy costs. Grid2020 is worth a look."
Grid2020 uses a cutting-edge monitoring hub, wireless thermostat, and load meter to monitor and control energy consumption in real-time. Operators of the system interact via a secure web browser interface.
"As a company based in Virginia, we are pleased that our equipment has been installed and is fully operational at a cutting-edge incubator in our home state," added Hermes. "We hope other businesses in Virginia looking to curb costs and curtail wasted energy learn of Grid2020's unique and affordable products and services."
The Dominion Resources GreenTech Incubator (DRGI) mission is to attract clean energy innovators desiring to accelerate the successful growth of their early stage businesses. The DRGI is committed to building the alternative, renewable energy sector in Virginia by supporting the needs of both domestic and international clean energy entrepreneurs.
Grid2020, a wholly-owned subsidiary of International Broadband Electric Communications, Inc. (IBEC), was formally known as WattShifters. For utilities, Grid2020 provides true virtual power plant capabilities to grid operators, manages load reduction triggered by events or price, and controls demand which is as important as maintaining a stable power supply.