IBM partners with Australia's Largest Power Network to be part of the Energy Supply Chain Management
IBM has strategically targeted being an IT solution for Electricity and Water. This press release is IBM's latest move.
Country Energy to Tackle Carbon Emissions Through Development of Intelligent Network With IBM
Australia's Largest Power Network Joins Global Effort to Improve Network Reliability, Energy Efficiency, and Enhance Use of Renewable Energy
SYDNEY, AUSTRALIA and ARMONK, NY - 17 Apr 2008: Country Energy, manager of Australia's largest power network, today announced a global collaboration with IBM (NYSE: IBM) aimed at developing and deploying an Intelligent Network in Australia. As part of the announcement, Country Energy has become the first utility outside of the United States to join the Intelligent Utility Network Coalition, a global group of companies working with IBM to accelerate the adoption of 'smart grid' technologies and business solutions.
An Intelligent Utility Network is a digital, open standards-based network of sensors, metering, communications, computer processors, and analytics which connects an entire utility company -- from power plant to plug. These connected systems provide a utility with near real-time data and information to better manage the grid infrastructure, enabling fewer and shorter power outages, improved customer service, and the ability to source and deliver power more efficiently, including renewable energy.
Country Energy is pursuing the Intelligent Network concept to improve reliability, support the growth of renewables like solar and wind, and make energy efficiency simpler for customers.