PRESS RELEASE: Energy Industry Veteran Jim Davis Joins Smart Wire Grid As CEO

Will Lead Company’s Efforts to Create Smart Transmission Network Across World’s Power Grid

Oakland, Calif. (October 8, 2014) — Smart Wire Grid (SWG), the leader in distributed power flow control for the electric grid, has selected industry veteran Jim Davis as the company’s Chief Executive Officer. As CEO of the San Francisco Bay Area company, Davis will lead all aspects of the company’s strategic direction.

“Jim understands the full scope of the power industry and has seen it from all sides,” said Tony Arnerich, SWG’s founding board member and lead investor. “As 50 to 60 year old transmission grids across the nation face the effects of Climate Change and new weather realities, the rapid changes to traditional generation sources and the challenges of integrating renewable energy, the need has never been greater for our next generation of power flow controls. Jim is the perfect person to oversee SWG’s mission to modernize the nation’s electric grid.”

A 28-year energy industry expert, Davis was most recently the President of Chevron Energy Solutions which he founded in 2000 and built into a leading energy efficiency and renewable energy services company. In 2004, Davis was awarded the prestigious Ernst & Young Entrepreneur of the Year Award in recognition of his strength of leadership, innovation and social responsibility.

Smart Wire Grid provides innovative solutions to electric utilities around the world. With groundbreaking power flow technology, SWG allows utilities to optimize their grids and meet the challenges of the modern electric industry.

“From powering oil drills in West Texas, hybrid cars in California, to the new iPhone 6 Plus in New York, it’s all about electricity,” said Jim Davis, SWG CEO. “If a phone can be ‘smart’ so should the world’s electric grid that powers it.”

The need for SWG’s breakthrough technology could not be greater. America is facing a power congestion crisis, costing ratepayers billions of dollars in higher energy rates. Power congestion occurs when demand for power outstrips capacity on the electric grid—creating bottlenecks and preventing lower cost, “clean” power from getting where it is needed. That congestion problem is also a leading cause of greenhouse emissions which is harmful to the environment and a leading concern associated with Climate Change.

Smart Wire Grid is working with the State of New York to explore ways that their patented Powerline Guardian™ technology can help support the State’s Strategic Energy Vision, “REV,” in creating a reliable, next generation power grid that will help relieve the congestion that helps contribute to high electricity rates.

About Smart Wire Grid

Smart Wire Grid’s first-of-a kind distributed series reactor, the PowerLine Guardian™, converts an existing transmission line into a controllable and observable Smart Wire. The breakthrough technology allows power to be shifted from overloaded lines to underutilized lines, reducing congestion and ensuring reliability of the power grid. The result is a grid that is lower cost, more resilient, and capable of accepting a much higher penetration of renewable energy. SWG serves national and international customers in the transmission and distribution industry, including network operators, vertically integrated utilities, and transmission owners. For more information please visit www.smartwiregrid.com .

Media Contact:

Kerrie Levick
Creaxion ® for Smart Wire Grid
Kerrie@Creaxion.com
404.495.4431

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