Electric Grid – Forecasting system licensed


Location Based Technologies has signed an agreement to integrate and market an Oak Ridge National Laboratory technology that provides real-time status of the electric grid and critical energy sectors. The system, called VERDE (Visualizing Energy Resources Dynamically on the Earth), enables decision-makers to respond swiftly to major power disruptions. VERDE, which combines the display capabilities of Google Earth with analysis and modeling components, significantly enhances situational awareness and speeds recovery times from power outages. Location Based Technologies, based in California, expects to offer the system to commercial customers, public utilities and other agencies throughout the United States by June 30.

 -  Ron Walli,  865.576.0226,  April 01, 2014

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