SOURCE: AutoGrid Systems

AutoGrid Systems

June 13, 2013 07:00 ET

AutoGrid Systems CEO Amit Narayan to Participate in the Third Annual Meeting of Clinton Global Initiative America in Chicago, June 13 to 14

CHICAGO, IL--(Marketwired - Jun 13, 2013) - AutoGrid Systems, a leader in Big Data Analytics for the electricity and energy industry, will participate in the third annual Clinton Global Initiative America (CGI America) meeting. Sharing CGI's mission to accelerate economic recovery and promote long-term competitiveness of America, Amit Narayan, CEO of AutoGrid, will join other business and government leaders in the Residential Energy Efficiency Working Group to explore innovative ways to enhance home energy conservation.

The electric power grid has had a transformative impact on humanity, contributing to economic development, disease prevention and higher education levels everywhere it has appeared. An estimated 1.3 billion people will be linked to the grid for the first time over the next 15 years, spreading the benefits of the electric power system, but also creating challenges.

AutoGrid's Energy Data Platform (EDP) optimizes the performance of the grid and mitigates the need for additional fossil fuel capacity at a fraction of the cost of building new plants. The company employs dynamic closed loop grid analytics, behavioral algorithms and a physics-based understanding of the grid to give utilities and electricity service providers the ability to predict and control power distribution and consumption in their service territories in real-time and thereby ensure more of the power that gets generated gets used. Consumers and businesses, meanwhile, are also able to dynamically control their power consumption and significantly reduce energy costs. AutoGrid's highly secured cloud-based architecture dramatically reduces costs and complexities of grid management so that smaller utilities, rural co-operatives, community choice aggregators, and even village communities served by micro grids can take advantage of sophisticated techniques to reduce greenhouse gas emissions and help create a stable and secure energy environment.

About AutoGrid Systems
Founded in 2011, AutoGrid is dedicated to bringing the power of Big Data, predictive analytics and Internet scale computational techniques to the production and consumption of electricity. Serving utilities of all sizes, grid operators, electricity retailers, ESCO services companies, and end-users, AutoGrid develops and markets services that both help lower costs and improve reliability of the electricity supply chain. For more, please see our website or contact us.

About CGI America
The Clinton Global Initiative (CGI), an initiative of the Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world's most pressing challenges. Established in June 2011 by President Bill Clinton, the Clinton Global Initiative America (CGI America) addresses economic recovery in the United States. CGI America brings together leaders in business, government, and civil society to generate and implement commitments to create jobs, stimulate economic growth, foster innovation, and support workforce development in the United States. Since its first meeting, CGI America participants have made more than 200 commitments valued at $13.4 billion when fully funded and implemented. To learn more, visit cgiamerica.org.

CGI also convenes an Annual Meeting, which brings together global leaders to take action and create positive social change, CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world, and, this year, CGI Latin America, which will bring together Latin American leaders to identify, harness, and strengthen ways to improve the livelihoods of people in Latin America and around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.

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