The Colorado-based software company, Green Energy Corp., recently received $2 million in funding from the Colorado Governor's Energy Office Revolving Loan Fund. The fund has been awarded to Green Energy Corp under the American Recovery and Reinvestment Act.
In a press release, Green Energy Corp., a company that helps companies in their smart grid transition, said that the fund will help the company in its development and marketing of the GreenBus Smart Grid software platform. The GreenBus product has been designed to help power utilities modernize their operations, increase their efficiency, and automate many processes. The technology claims the company will allow the utilities and microgrid operators to incrementally adopt smart technology without disrupting the performance of today's infrastructure. The advanced functionality inside GreenBus allows these power providers to easily integrate renewable energy sources such as wind, solar, and biomass and better manage electric vehicles, GEO officials explained.
“Green Energy Corp's exciting software technology can help lead the transformation of our electric power sector, enabling superior environmental performance and reducing costs to consumers. The Governor's Energy Office is proud to be able to support the acceleration of its growth by providing low-cost financing, helping Green Energy Corp create more jobs in Colorado,” executive director of the GEO TJ Deora noted in a statement.
The funding came as recognition for Colorado’s commitments to clean technology. Green Energy Corp. is a member of the National Rural Electric Cooperative Association and part of the MultiSpeak Initiative.
Last week, Green Energy Corp. announced the appointment of Jennifer Godin Goss as the company's chief financial officer.
Madhubanti Rudra is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.
