Varentec Hires Industry Leader as CEO to Drive Grid Edge Control into Global Markets

SANTA CLARA, Calif., Jan. 30, 2015 /PRNewswire/ -- Varentec™, a leader in Grid Edge Control for the electric grid funded by Khosla Ventures and Bill Gates, today announced the appointment of Guillaume Dufossé as Chairman and CEO. The addition of Mr. Dufossé will significantly accelerate the market expansion of Varentec's grid-edge control platform and solutions for U.S. and international electric utilities.

"Varentec is excited to have Guillaume leading Varentec," said Deepak Divan, Co-Founder, President and CTO of Varentec.  "Guillaume brings proven leadership and deep experience from the global energy industry to Varentec, I look forward to working together to accelerate our growth and to build a great company."

"Varentec's intelligent Grid Edge Management System is uniquely poised to revolutionize the smart grid market space," said Guillaume Dufossé.  "Development of cost-effective, intelligent, decentralized power grid solutions is a challenging problem that has been solved effectively by the Varentec team, as demonstrated by the impressive recent field data. This shows the path forward for transforming the present grid into a smart power delivery system and provides countless opportunities for power optimization across the global electrical grid."

About Guillaume Dufossé:

Guillaume Dufossé has over 20 years of experience in the energy industry, where he has held various senior executive positions in ALSTOM, AREVA and Schneider Electric, managing global SmartGrid & Grid Automation business units. More recently, Guillaume has been managing the international operations of SunPower Corp, focusing on large ground-mount solar PV plants and residential & commercial solar systems. Guillaume is a French citizen, and lived for over 12 years overseas, in the US, China and Europe. He holds an MSc in Electrical Engineering from Supélec, France and MBA from Harvard Business School.

About Varentec:

Varentec™, provides innovative solutions for the next generation of power grid control and management. Their solution offering includes an innovative distributed real-time Grid Edge Management System™ (GEMS™) - the missing control layer in traditional power systems. Varentec™, solutions deliver unprecedented levels of performance in applications including grid voltage support, improved integration of distributed PV solar energy, active peak demand management, and real-time voltage & VAR control – all key grid modernization initiatives for global electric utilities.  Varentec will be exhibiting at DistribuTECH 2015 in San Diego.

Varentec, Grid Edge Management System (GEMS), Edge of Network Grid Optimization, and ENGO are trademarks of Varentec Corporation.

SOURCE Varentec