Genscape Acquisition of Promethean Devices Affirms Commitment to Providing Transparency & Accuracy with Real-time Physical Transmission Line Data
Louisville, KY (PRWEB) October 07, 2014 -- With the acquisition of Promethean Devices in summer 2014, Genscape is extending its proven, real-time data services to power grid owners and operators. Promethean Devices’ technology offers a new level of transparency to help all transmission-related functional groups, who are responsible for the operation, reliability, and safety of the U.S. power grid, make better, more informed, and more confident engineering decisions regarding line capacity, conductor condition, line clearances and capacity (ratings), and physical repair and upgrade projects.
“Genscape is excited about this investment and the proven ability of Promethean’s technology to help leading grid operators improve reliability and operating efficiency,” said Matthew Burkley, CEO at Genscape. “This exciting technology is the gold standard in non-contact line monitoring, management, assessment, and rating, and aligns perfectly with our mission of enhancing transparency with real-time data.”
Using patented non-contact, ground-based sensors, the Promethean Devices team has been providing continuous line monitoring and line rating services since 2009. With the Genscape acquisition, the availability of these services will be accelerated across the U.S.
“Thanks to this new partnership with Genscape, our proven technology is ready to take the next step in terms of use and accessibility by U.S. grid owners and operators,” said Steve Syracuse, Founder of Promethean Devices. “We’re looking forward to a strong partnership and growth in the years ahead.”
Additional information and expert consultations about Genscape’s physical grid monitoring services are available at info.genscape.com/promethean-devices-acquisition.
About Genscape
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain a competitive advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com
Molly Hislop, Genscape, Inc., http://www.genscape.com, +1 (617) 790-0959, [email protected]
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