News: Portfolio 2008

BPL Global Receives $23 Million in Funding

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“BPLG has a solid track record of integrating its technology with significant players in the utility space across the globe,” said Abdulwahab Al-Nakib, Chairman and Managing Director of Al-Deera Holding Company, on behalf of the IFA Group. “We continue to invest in BPLG based on their strong business performance and incisive vision of solutions that will transform energy delivery.”

 

“This investment is in support of our belief that the international development of intelligent electrical grids is an emerging market poised for rapid expansion,” said Richard Fox, managing director of Cross Atlantic Capital Partners.

 

“We are pleased to be working with BPLG, said Paul Gibson, Senior Vice President, Eastern Region Market Manager of Bridge Bank N.A. “Their history of growth and success in deploying smart grid solutions globally points to the strength of their management team and the market opportunities they are focused on.”

Creating more reliable and efficient electric grids to address the issues of greenhouse gas emissions, a growing supply/demand imbalance, aging infrastructure and the requirements for alternative generation such as renewable wind and solar energy drive the need worldwide for more intelligent electric grids.

 

About BPL Global

BPL Global, Ltd. (BPLG) is a smart grid technology company dedicated to leading the transformation of energy and information delivery. The company provides software solutions to electric utilities enabling an intelligent grid to more efficiently manage demand, integrate distributed energy  resources, improve service reliability, and optimize cost and capital productivity. BPL Global partners with local utilities, Internet service providers, equipment suppliers and financiers to create end-to-end solutions integrating the best in software, communications, hardware and managed services to aggressively deploy smart grid solutions around the world. Part of the clean technology sector of the electric utility industry, our applications provide the critical foundation for a coordinated, intelligent grid to deliver energy more efficiently for a greener environment.

 

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