Money may be difficult to come by for Wall Street financiers in these dark days, but apparently not for electric transmission construction—at least so far. A rash of recent orders from FERC shows...
Watching and Waiting: A Blueprint for Transformer Maintenance
How online monitoring can prevent costly failures.
says Jan Bennett, APS vice president of customer service. The company is a long-term customer of Serveron’s, incorporating its technology as early as the summer of 2002.
“A number of major IOUs here in the United States” also have adapted Serveron’s engineering standards, said Serveron’s vice president of marketing, Steve Jennings, but as of press time, only APS was willing to go on the record.
In related news, Siemens Power Transmission and Distribution is rolling out an asset-management system that includes Serveron technology, while Siemens Venture Capital gave the technology a vote of confidence by participating in a recent round of Serveron fundraising. “We see [online monitoring] as an obvious and necessary way to increase utility grid reliability while reducing maintenance costs and deferring capital expenditures,” says Todd Jaquez-Fissori, an investment partner with Siemens Venture Capital.
Other venture investors include Perseus 2000 LLC—currently the largest investor—Ventures West Management LLC, El Dorado Investment Co., Nth Power LLC, Cascadia Pacific Management, and Oregon Life Sciences LLC.
1. Serveron estimates.