SUBNET Named Key Industry Player In Smart Grid IT
SUBNET was named a key industry player in Pike Research's recent report on the global smart grid IT market, which is expected to hit $8.6 billion by 2017.
Calgary, Alberta--(Marketwire) - SUBNET Solutions Inc. (SUBNET), a provider of advanced interoperability solutions for electrical utilities, was included in a recent Pike Research report on the current and future state of the smart grid IT market. SUBNET was named as a key industry player due to its solutions that combine innovative substation technologies with modern day IT networking.
The report detailed the billions of dollars that are being invested in smart grid infrastructure, which will help utilities generate, manage and analyze a huge amount of information on the network and its users. Information technology will be the major force that links new data sources together, analyzes patterns in data and enables real-time responses from utilities. As power companies begin to use new data to improve overall network efficiency, IT will continue to be instrumental in the transformation of the current electric grid.
"IT is becoming an important part of the transformation of network operations as utilities exploit new data sources in order to improve network efficiency," research director Eric Woods said.
Smart grid IT has yet to become a set of well-defined application or infrastructure aspects, but is rather a quickly changing sector that is seeing tremendous growth, innovation and experimentation. This has created a power network full of disparate smart grid technologies, meters and devices that although offer myriad benefits, have convoluted the IT landscape.
SUBNET was recognized by Pike as an industry leader for its multi-vendor approach to developing solutions and products. SUBNET has further set itself apart from other vendors with its ability to interface with vendor specific protocols and convert them into industry standards, such as DNP, IED 61850 and OPC.
"As a key industry player in the smart grid IT space, we remain focused on vendor agnostic solutions," said Brian Neufeld, vice president of marketing with SUBNET. "Our reputation with many of the largest utilities in North America is based on our ability to provide secure solutions using open standards. We work with utilities to provide interoperability among their multi-vendor substation devices and enterprise business intelligence systems. Our solutions simplify substation architectures enabling electrical utilities to focus more on providing reliable power and less time on substation configuration and maintenance."
With smart grid IT expected to grow at an astounding rate in the next five years, SUBNET is well equipped to offer utilities the IT resources that will be needed to efficiently operate the modernized grid.
You can access the Smart Grid IT Systems report via the Pike Research website.
SUBNET provides smart grid technology and solutions for the electrical transmission & distribution industry. Founded in 1992, SUBNET is a vendor agnostic company with domain expertise in substation automation and IT networking. SUBNET's technology connects any substation device over any communication network to any business intelligence system. Nine of the top 10 US utilities trust and rely on SUBNET technology to safely manage and monitor thousands of substations. SUBNET leverages close relationships and partnerships with technology leaders including Microsoft, Cisco, Intel, McAfee/Nitro Security and others to deliver innovative secure solutions. Learn more about how SUBNET is Making Power Grids More Intelligent® by visiting http://www.SUBNET.com.
All product and company names listed are trademarks or trade names of their respective companies.
SOURCE: SUBNET Solutions Inc.