Big names pony up for power-line broadband

May 4, 2006

Current Communications announced Thursday it had received $130 million in investments to accelerate Broadband over Power Line technology.

The Maryland company said in a news release that the new strategic equity investors included EarthLink, General Electric, TXU Corp. and Bermuda's Sensus Metering Systems. They join a roster of existing partners such as Hearst Corp., Duke Energy and Goldman, Sachs.

Current uses BPL technology to provide broadband service that runs across power lines, allowing the potential for a new source of retail Internet service as well as accommodating "smart grid" electric meters for utility companies.

"This technology provides utilities with a more intelligent, real-time and secure power grid that should help conserve energy, reduce electricity disruptions and protect critical infrastructure," said Alex Urquhart, president of GE Energy Financial Services.

TXU Corp. will be taking advantage of the smart-grid concept by providing BPL on TXU Electric Delivery power lines that serve more than 2 million customers in Texas.

Copyright 2006 by United Press International

Explore further: Lobster-Eye imager detects soft X-ray emissions

Related Stories

Lobster-Eye imager detects soft X-ray emissions

July 28, 2015

Solar winds are known for powering dangerous space weather events near Earth, which, in turn, endangers space assets. So a large interdisciplinary group of researchers, led by the U.S. National Aeronautics and Space Administration ...

Appeals court tosses suits challenging climate change plan

June 9, 2015

A federal appeals court on Tuesday threw out a pair of high-profile lawsuits challenging the Obama administration's sweeping plan to address climate change, saying it's too early to challenge a proposed rule that isn't yet ...

Recommended for you

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.