This Day On The Street
Continue to site
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

Hawaiian Electric To Implement DVI EDGEA® Grid Optimization Technology As A Key Part Of Its Grid Modernization Program

RICHMOND, Va., May 12, 2014 /PRNewswire/ -- Hawaiian Electric, in collaboration with DVI, a grid-optimization subsidiary of Dominion Resources (NYSE: D), has executed a license agreement for the use of DVI's EDGE® advanced Grid Optimization solution.

EDGE® will initially be deployed benefitting 5,200 customers as part of a larger grid modernization program that includes AMI from Silver Spring Networks and various other smart-grid technologies.  As it relates to EDGE®, this program will highlight the benefits of AMI-based voltage optimization for the purposes of energy savings, demand reduction and reliability, allowing further integration of renewables on the islands.

"Implementing both AMI and DVI EDGE® technology will help improve grid efficiencies and allow for further integration of renewables into Hawaiian Electric's resource mix," said Dan Giovanni, Hawaiian Electric operations senior vice president. "The resulting energy savings, combined with the ability to integrate more low-cost renewable energy, will allow Hawaii to reduce its overall dependency on expensive imported oil."

Giovanni also said the company continues to focus on grid modernization efforts that benefit the consumer and the utility. The move represents the first phase of a plan that would develop smart grids across Oahu in Maui County and on Hawaii Island by 2018, and covers customers in Moanalua Valley and portions of Pearl City, Diamond Head, Kaimuki, Kahala and Waikiki.

"The state of Hawaii presents a strong business case for the use of the EDGE® grid optimization technology. Optimizing voltage allows for a reduction in energy consumption, thereby reducing expensive fuel costs. At the same time, the distribution grid is stabilized, allowing for increased use of renewables—a win-win.  DVI is proud to be part of Hawaii Electric's grid modernization efforts," said Todd Headlee, DVI's executive director.

About DVIDVI is a leading provider of grid optimization technology providing solutions for energy efficiency, demand response, and volt/VAR control. DVI's patented approach plans, manages and validates utilities' investments in grid efficiency while delivering significant energy savings to both utilities and their customers.  For more information about DVI, visit

DVI is a subsidiary of Dominion Resources, Inc. (NYSE: D), one of the nation's largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of generation. Dominion operates one of the nation's largest natural gas storage systems and serves retail energy customers in 10 states. For more information about Dominion, visit the company's website at

SOURCE Dominion Resources

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.21 -0.82%
FB $100.93 1.40%
GOOG $684.60 0.96%
TSLA $143.18 -3.40%
YHOO $27.10 1.00%


Chart of I:DJI
DOW 15,904.98 -109.40 -0.68%
S&P 500 1,859.57 +7.36 0.40%
NASDAQ 4,306.9410 +38.1780 0.89%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs