Dominion Energy Technologies has invested $1 million in data center energy management solutions provider Power Assure, joining fellow investors ABB Technology Ventures, Good Energies, Point Judith Capital, and Draper Fisher Jurvetson.  With the Dominion investment, Power Assure has raised $14.5 million in its series B financing, for a total of $29.75 million. The series B financing will be used to increase engineering investments for smart-grid integration for data centers.

Data centers are compatible with smart grid integration because of their high power density, the typical availability of excess power, and the ability of applications to have the location of their computing moved around the country without impacting the end user.

Mary C. Doswell, Dominion’s Alternative Energy Solutions senior vice president, says, “Power Assure provides advanced functionality in managing data center loads. The ability to manage energy consumption by either shifting demand between geographic regions or reducing demand locally creates opportunities for energy companies to manage load and provide value to customers.”

Power Assure President and Chief Executive Officer Brad Wurtz adds: “Not only is Dominion one of the largest power companies in the country, they are also leading in the area of smart grid innovation. In order to help our customers connect to the smart grid and take advantage of the many revenue-generating services offered by the Independent System Operator’s (ISO’s), we have found a partner who can bring the skills and resources needed to execute quickly. Dominion has shown a determination to stay on the cutting edge.”

Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 28,200 megawatts and 6,300 miles of electric transmission lines. For more information, visit www.dom.com.

Power Assure develops Data Center Energy Management software for large enterprises, government agencies, and managed service providers.

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