Dominion invests in Power Assure for smart grid, data center integration

In a round of series B financing, Dominion Energy Technologies has invested $1 million in Power Assure, adding to the funds already invested by companies like ABB Technology Ventures, Good Energies, Point Judith Capital and Draper Fisher Jurvetson.  Power Assure has raised a total of $29.75 million with the goal of integrating data centers into the smart grid. 

"Power Assure provides advanced functionality in managing data center loads," said Mary C. Doswell, senior vice president of Dominion's Alternative Energy Solutions group. "The ability to manage energy consumption by either shifting demand between geographic regions or reducing demand locally creates opportunities for energy companies to manage load and provide value to customers."

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