This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

IBM Teams With ESB To Develop An Electric Vehicle Smart Charging IT System In Ireland

ARMONK, N.Y. and DUBLIN, Oct. 1, 2012 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it has teamed with ESB to implement a fully integrated smarter charging IT system that will help manage electric vehicle public charge-points, which are being rolled out across Ireland by ESB Networks. Together the companies will add a layer of intelligence and convenience to the recharging process, allowing EV drivers to access, charge and pay, using an identification card. Additionally, this project will provide utilities with access to energy usage data that can help improve smart grid operations, reduce power strain during peak charging times, and ensure reliable energy distribution to customers.

For images, please visit: http://bit.ly/LNxbSv

With approximately 1,000 public charging-points currently available, ESB Networks is on track to deliver one of the largest integrated and operational electric vehicle infrastructures in Europe. ESB Networks will use IBM's Intelligent Electric Vehicle Enablement Platform to provide the services needed to operate and manage the charge-points installed throughout Ireland.

This project is bolstered by Ireland's energy policy to increase sustainable energy use in the transportation sector by 2020. Today, the goal is to produce 40 percent of the country's current electricity consumption from renewable energy and have electric vehicles represent every tenth car on Irish roads. Already on the renewable fast track, this integrated EV charging network will allow Ireland to also contribute to the European Union legislation to reduce greenhouse gas pollution levels by approximately nine million tones before 2020.

Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said: "Green energy and cloud computing are key sectors being targeted by the Government as part of our Action Plan for Jobs. This innovative partnership between an Irish energy company and a global IT leader puts Ireland at the forefront of global developments in the electric vehicle sector by using cutting edge cloud technologies, and represents a clear demonstration of what is possible in this area. Ireland will now be the first country globally to put in place this system on a national basis, and I am determined to ensure that through continued implementation of our plan we will see further examples of leadership in these areas."

The platform will connect ESB Networks with the energy retailers and the charge-points, allowing all three to communicate energy usage and financial data directly. This will provide the analytics and intelligence needed to better forecast and balance the load on the power grid as well as help ESB Networks to monitor the health and status of the charge-points to ensure service reliability.

Stock quotes in this article: IBM 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs