Entries by smartwiregrid

Julie Andrews from Wright Medical is Appointed as Chief Financial Officer of Smart Wires

Julie Andrews from Wright Medical is Appointed as Chief Financial Officer of Smart Wires

August 10, 2021

Smart Wires Technology Ltd (“Smart Wires”) has appointed Julie Andrews as Chief Financial Officer. Julie Andrews is a results-focused Senior Finance Executive with more than 20 years of financial leadership experience. She has a proven track record of leading and executing strategic initiatives including divestitures, mergers, acquisitions and business restructuring, developing high performing teams, and driving cultural transformation.

“I’m excited to join this exceptional global team, particularly at this massive inflexion point for strong growth and momentum in the company’s journey. I look forward to helping further strengthen our market position and contributing to Smart Wires’ goal of accelerating the energy transition"

Julie Andrews

Chief Financial Officer

Julie joins Smart Wires from Wright Medical where she spent eight years as Vice President Finance, Chief Accounting Officer and Senior Vice President Global Finance.

At Wright Medical, Julie successfully led the Finance function for the $1 B global business with oversight for all finance and accounting functions. Prior to Wright Medical, Julie spent almost 15 years at Medtronic holding positions of increasing responsibility within Finance.

“We are delighted to welcome Julie to Smart Wires,” said Smart Wires’ CEO, Peter G. Wells.

“Julie’s prior experience at Wright Medical will be extremely valuable to us as we continue to scale up our business and position Smart Wires for sustainable, rapid and profitable growth,” he said.

“Smart Wires is the leading power technology company in the clean tech sector,” Julie said.

“I’m excited to join this exceptional global team, particularly at this massive inflexion point for strong growth and momentum in the company’s journey. I look forward to helping further strengthen our market position and contributing to Smart Wires’ goal of accelerating the energy transition,” she said.

CONTACTS

Peter G. Wells, CEO

E-mail: peter.wells@smartwires.com

Tel: +1 (510) 340-9797

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se, Tel: 08-463 83 00, www.penser.se.

This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated via the Company’s news distributor Cision at the publication of this press release.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. For more information, please visit www.smartwires.com.

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Renowned European Energy Industry Leader Joins Smart Wires

Renowned European Energy Industry Leader Joins Smart Wires

March 17, 2020

Dr. Susanne Nies joins as General Manager, Germany, to assist company’s further expansion into European market.

Global power technology company, Smart Wires, today announced the hiring of renowned European energy industry leader, Dr. Susanne Nies.

Dr. Nies joins Smart Wires as General Manager, Germany, and will be based in Berlin.

As one of Europe’s leading energy figures, Dr. Nies brings with her vast experience which will assist the company as it expands further into the European market.

“The European energy industry is at a real turning point,” said Smart Wires’ Managing Director of Europe, Michael Walsh.

“With the EU’s new Green Deal policy, and the significant green energy targets many European governments have announced, Europe is leading the world in this area. We’re on the cusp of seeing real change and a material shift in progress towards achieving the energy transition,” he said.

“As a major figure in the energy industry, Susanne’s arrival at Smart Wires significantly bolsters our presence in the European market, as we work to help utilities reduce constraints that limit the flow of clean power through the existing grid. This will help society accelerate decarbonization and achieve our clean energy targets,” he said.

On her decision to join Smart Wires, Dr. Nies said: “I have been watching Smart Wires with great interest for years now. The company’s technology is truly innovative, and represents game-changing solutions for the global energy industry,” she said.

Prior to joining Smart Wires, Dr. Nies led ENTSO-E’s (European Network of Transmission System Operators) Strategy, Research and Communication team, where her responsibilities included ensuring broad strategic alignment of European TSOs, leading the regulatory benchmarking of TSOs, developing the TSO-DSO interaction strategy, and managing stakeholder relationships.

She has also worked for EURELECTRIC (European power sector association) heading the DSOs department, Energy Policy department and Power Generation department; the French Think Tank IFRI, based in Paris; in French and German universities; and the German Heinrich Boell Foundation.

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The challenges and opportunities facing Ireland’s energy industry

The challenges and opportunities facing Ireland’s energy industry

January 27, 2020

A group of leading figures from Ireland’s energy industry came together to discuss the country’s energy transition issues and current business landscape.

Hosted by pioneering power technology company, Smart Wires, guests included representatives from Enterprise Ireland, ESB, IDA, Irish Wind Energy Association, SuperNode, SSE, SEAI and UCD.

The discussion took place against the backdrop of the EU-funded Horizon 2020 Flexitranstore project – guests had the opportunity to view and tour Smart Wires’ revolutionary mobile power flow control unit, as it travels from the USA on its way to deployment on the Greek Transmission System.

Commencing proceedings, Smart Wires’ European Managing Director, Michael Walsh, asked the group about the industry issues keeping them awake at night, challenges to overcome, and progress they see being made.

Grid capacity and access was unsurprisingly a key focus of discussion.

For Noel Cunniffe from the Irish Wind Energy Association, grid capacity, public acceptance, and government policy are the key issues facing the wind industry. IWEA see a divergence between public policy and bringing renewables on to the grid that needs to be addressed.

Noel Cunniffe, IWEA

“Many of our new wind farm connections have non-firm access, due to grid capacity limitations. Congestion is a big issue which may prevent new wind farm connections and is constraining the output of existing wind farms.
“If we’re to meet the Government’s renewable electricity target of 70% by 2030, technology companies such as Smart Wires working in partnership with System Operators could be a win-win for everyone.”

Jane McArdle from SSE Airtricity manages similar challenges with regard to constraints.

Jane McArdle, SSE Airtricity

“We can be granted access for a wind farm, only to find that shortly after we connect we’re constrained for three months.
This technology is an obvious solution to reduce constraints, particularly when connecting new generation.”

John Fitzgerald, CEO of SuperNode, sees similarities between the challenges facing the Irish industry with those facing the rest of Europe.  In this role he regularly meets with European stakeholders such as utilities, ENTSO-E, Eurelectric etc., and discusses the challenges of the future grid.  They all see the need for increased levels of flexibility at transmission and distribution, and with generation and supply.  John sees the pace of change as another industry challenge – technology is often evolving at a faster pace than policy, leading to suboptimal decision making.



John Fitzgerald, SuperNode

“The key challenge as we move toward the future grid is flexibility. It’s a big problem so there is huge scope for solutions – both technology and policy.”

Referring to his role in assessing and working with EU-funded projects at Enterprise Ireland, Philip Cheasty made the point that these funding initiatives provide a great opportunity for the industry at large.

Philip Cheasty, Enterprise Island

“Ireland is very strong in the area of energy related
EU-funded projects. If it is something you already want to develop, this mechanism can be the ideal vehicle for
moving a project on.”

Michael Walsh, Smart Wires

“Smart Wires’ positive experience with EU funded projects has certainly given our US management the appetite to locate even more high value work in Ireland and Europe.”

Rounding out the discussion, Charlie O’Donoghue from IDA Ireland made the point that solving issues of constraint and capacity impacts the wider business environment.



Charlie O’Donoghue, IDA Ireland

“Understanding the opportunities and possible solutions to alleviating congestion is important for all of us – for example, this will help the IDA when speaking with data centre owners looking to locate to Ireland.”

Smart Wires greatly appreciates the time these industry leaders gave, and the opportunity to discuss such important issues.

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Sterlite Power strikes technology agreement with U.S. based Smart Wires to bring SmartValve to Indian utilities

Sterlite Power strikes technology agreement with Smart Wires:

Bring SmartValve to Indian utilities

January 23, 2020

Sterlite Power strikes technology agreement with U.S. based Smart Wires to bring SmartValveTM  to Indian utilities

  • Sterlite Power to offer Indian utilities modular power flow control solutions that make transmission grid efficient & flexible
  • Exclusive arrangement between Sterlite Power and Smart Wires to market the technology in India

New Delhi, Jan  2020:

Sterlite Power has inked an exclusive agreement with U.S. based Smart Wires to introduce a revolutionary technology to the Indian electric markets that will enable resourceful grid management. This cutting-edge technology is an intelligent ‘valve’, that will allow utilities to optimally utilise existing transmission capacity and enhance grid flexibility.

Speaking on the Technology Agreement, Pratik Agarwal, Group CEO, Sterlite Power Transmission Ltd. said “ Lack of land to build new lines, integration of renewable energy, rising Grid outages due to climate change, will be some of the biggest problems that power sector will face in the future. The only way to transcend these challenges is through the use of disruptive technology that can help capture more value from existing grid.”  

Power networks in India have been facing major transmission congestion challenges due to urbanisation and exponential growth in demand for power. Congestion is often seen in sub-transmission lines, where it is a challenge to connect renewable power. In this context, alleviating congestion and enhancing grid flexibility becomes critical.

Manish Agarwal, CEO, Solutions, Sterlite Power, said, “We are passionate proponents of disruptive technologies that can help our customers meet their energy delivery needs and address the coinciding challenges of time, space and capital. This technology will enable better power flow, grid stability and enhanced power transfer capacity in existing infrastructure, without the need for investment in new lines.”

Smart Wires CEO, Gregg Rotenberg, said, “Given the pace and scale of renewable energy growth in India, our solutions can provide immense value to the market. We are thrilled to work with Sterlite because we knew we needed a collaborator who understood the nuances of this market and who could match our passion to transform how electric grids are planned and operated.”

Smart Wires a world leader in modular power flow control, has successfully deployed this state-of-the-art technology globally, across the U.S., Europe and Australia. SmartValve increases power transfer capability by making better use of an existing network. As generation and demand changes, circuits can become unequally loaded. Some lines reach their maximum capacity while others are well below their limits. SmartValve technology can unlock this system capacity by more evenly balancing power flows and therefore provides a quicker-to-install and lower-impact alternative to building new lines. Smart Wires technology is quick to install and easy to scale or redeploy, providing valuable flexibility given today’s rapidly changing electric system. Based in California, with offices in Ireland and Australia and a global workforce, Smart Wires works with utilities around the world to address the unique challenges they face.

About Sterlite Power

Sterlite Power is a leading global developer of power transmission infrastructure with projects of over 13,315 circuit kms and 23,885 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power also offers solutions for upgrading, uprating and strengthening existing networks. The Company has set new benchmarks in the industry by use of cutting-edge technologies and innovative financing. Sterlite Power is also the sponsor of IndiGrid, India’s first power sector Infrastructure Investment Trust (“InvIT”), listed on the BSE and NSE.

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Smart Wires raises $75 million

This article accurately describes Smart Wires mission and purpose along with sharing some great news regarding growth equity financing. This funding will be used to provide growth capital as Smart Wires serves a rapidly expanding customer base – including multiple framework agreements and installations planned on four continents in 2020.  

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