Acquisition brings real-time energy demand management capabilities to IBEC
Moments before the opening of Rural Smart Grid Summit 2010 in Puerto Rico, Broadband over Power Lines (BPL) product and solutions provider International Broadband Electric Communications Inc., (IBEC) announced its acquisition of Grid2020, an energy management, control, and communications solutions company, then known as Watt Shifters. With the acquisition, IBEC's CEO Scott Lee said, the company is now able to offer utilities the capacity to manage energy demands in real-time. For the consumers, it means the ability to manage and control consumption, be it for their homes or businesses. He added, “IBEC not only offers the foundation of an electric smart grid—a high-speed real-time BPL communications network—but the tools to control the energy consumption on the smart grid, creating a smarter grid”. Read more... http://www.smartmeters.com/the-news/1346-acquisition-brings-real-time-energy-demand-management-capabilities-to-ibec.html
