Green Energy Corp Receives Funding From Colorado GEO
Green Energy Corp, a software company that enables traditional and emerging power providers to move to the smart grid, has been awarded US$2 million in American Recovery and Reinvestment Act funding from the Colorado Governor's Energy Office (GEO) Revolving Loan Fund.
The $2 million loan will provide working capital for Green Energy Corp to continue development and marketing of the GreenBus smart grid software platform, which is designed to help power utilities modernize their operations, increase their efficiency and automate many processes.
“Green Energy Corp's exciting software technology can help lead the transformation of our electric power sector, enabling superior environmental performance and reducing costs to consumers,” said TJ Deora, executive director of the GEO. “The Governor's Energy Office is proud to be able to support the acceleration of its growth by providing low-cost financing, helping Green Energy Corp create more jobs in Colorado.”
GreenBus provides a pathway for utilities and microgrid operators to incrementally adopt smart technology without disrupting the performance of today's infrastructure. For example, the advanced functionality inside GreenBus allows these power providers to integrate renewable energy sources such as wind, solar and biomass and better manage electric vehicles.
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