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IBM, VELCO Launch Smart Energy Specialist Utopus (Ind. Report)
IBM Research,Vermont Electric Power Company
Date: 2017-03-01
IBM and Rutland, Vermont-headquartered Vermont Electric Power Company (VELCO) are reporting the launch of Utopus Insights, in Valhalla, New York. Financial and other terms of the deal were not disclosed.

VELCO will be an investor and strategic partner in the new company. IBM Research's Smarter Energy team -- alongside the unit's intellectual property and technologies portfolio -- will also become part of Utopus Insights. IBM and VELCO hope the new venture will be able to "create dependable, industry-tested software" for the green energy market. Contact: Utopus Insights, Dr. Chandu Visweswariah, Pres., CEO, (914) 257-7254, http://utopusinsights.com; VELCO, (802) 635-2331, www.velco.com

More Low-Carbon Energy News Vermont Electric Power ,  IBM,  Energy Software,  Energy Efficiency,  

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