Contact Information: Media Contacts Jason Mandell or Sunshine Mugrabi LaunchSquad 415.625.8555 otii(at)launchsquad(dot)com Corporate Contact Optimal Technologies Lynette E. McInnes 919.459.9818 lynettem(at)otii(dot)com
Optimal Technologies Helps Drive Global Energy Commitment at the 2008 Clinton Global Initiative
Smart Grid Leader Joins the Joint US-China Cooperation on Clean Energy (JUCCCE) to Bring International Expertise to Global Climate Challenges
| Source: Optimal Technologies
RALEIGH, NC--(Marketwire - October 2, 2008) - Optimal
Technologies, the leading developer of technologies to optimize power
grid systems and advanced building automation platforms,
has announced its participation at the 2008 Clinton Global Initiative (CGI)
held last week in order to pledge its commitment to a global smart grid.
Optimal CEO Roland Schoettle took the stage at the high profile event with
other industry visionaries to sign a commitment to supporting a joint
US-China effort for smart
grid development in China. The overall aim of the pact, known as the
JUCCCE China Smart Grid Cooperative, is to reduce the impact of electrical
generation and transmission on global climate change.
The commitment signing ceremony, held September 25, was led by
nongovernmental organization Joint US-China Cooperation on Clean Energy
(JUCCCE). Honorary committee members of the NGO include Sir Richard
Branson, chairman of Virgin Group and James Rogers, chairman and CEO of
Duke Energy, among others. Rogers was also present at the signing. Optimal
Technologies recently became a platinum member of the organization's JUCCCE
China Smart Grid Cooperative.
Optimal Technologies is a leader and
innovator in smart grid technology. Earlier this year, the company
unveiled its breakthrough energy optimization platform, AEMPFAST, an analytical,
planning and operational system that provides unprecedented visibility over
an entire utility network to maximize power generation, transmission and
distribution.
"We're committed to supporting JUCCCE in order to share our expertise in
smart grid technology and aid its efforts to improve the Chinese grid
system, which serves over a billion people," said Roland Schoettle, CEO of
Optimal Technologies. "Our company has been a leader in smart grid
technology since before the term came into vogue, and it's important for
industry leaders to work together to ensure that China is empowered to step
up its efforts to combat the greenhouse gas emissions that contribute to
climate change."
The Clinton Global Initiative (CGI) is a non-partisan catalyst for action
that brings together a community of global leaders from various backgrounds
to devise and implement innovative solutions to some of the world's most
pressing challenges. The JUCCCE China Smart Grid Cooperative is the first
formal partnership with these particular US energy companies and a Chinese
entity, and JUCCCE has been introducing the smart grid concept to Chinese
government bodies since late 2007.
About Optimal Technologies
Optimal Technologies develops solutions to help power utilities, businesses
and consumers maximize their energy efficiency and minimize their carbon
footprint. The company's mission is to enable a more efficient, reliable
and environmentally responsible electric power grid. Optimal's unique
products and services have the potential to create unprecedented industry,
economic, environmental and consumer benefits worldwide. Optimal is a
privately held company financed by Goldman Sachs International.
About JUCCCE
Joint US-China Cooperation on Clean Energy (JUCCCE) is a non-profit that
aims to accelerate the use of clean and efficient energy across China
through international cooperation on impactful programs. JUCCCE's programs
are designed to make a significant impact in helping China meet goals of
decreasing energy intensity and emissions, while simultaneously
strengthening public-private alliances and environmental governance
capacities, in China. www.juccce.com.