STOCK TITAN

More than 100 Utility Industry Leaders Join the Push for Private Broadband

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Utility Broadband Alliance surpasses major membership milestone, adds CenterPoint Energy, Duke Energy and Lower Colorado River Authority to collaboration focused on grid innovation

DURHAM, N.C.--(BUSINESS WIRE)-- The Utility Broadband Alliance (UBBA), a collaboration of utilities and solution providers dedicated to championing private broadband networks for critical infrastructure industries, today announced that it has reached a major milestone by surpassing more than 100 members. CenterPoint Energy (NYSE:CNP), Duke Energy (NYSE: DUK) and Lower Colorado River Authority (LCRA) are the newest utility members to join the utility-led Alliance, which incorporated in 2021 and seeks to help accelerate utilities’ journey toward a more secure, resilient and future-proof grid.

Private broadband paves the way for grid modernization

Utilities across the U.S. and globally are realizing the critical role of private broadband in grid modernization as they seek to achieve aggressive sustainability goals and deliver new, connected services to customers. While many utilities currently manage a multitude of siloed, narrowband wireless networks, private broadband can provide the scale and efficiency required to meet customers’ needs for an evolving, distributed digital grid.

“A modernized grid requires high levels of security and efficiency that can only be achieved through the advancement of digital networks,” said Carmine Reppucci, Southern Linc CEO. “Only private broadband can meet the demands for connectivity and efficiency that utility customers require. As a founding member, we share in the UBBA’s goal of championing the advancement and development of these networks and are proud to help lead this mission.”

In addition to the inherent benefits of improved resiliency, cybersecurity and efficiency, private broadband networks are essential in helping utilities meet carbon reduction targets. Utilities adding renewables to the grid frequently leverage distributed energy resources (DERs) to provide critical grid stabilization, which in turn requires efficient and effective communication with these grid devices to realize the full range of capabilities.

“Meeting utility clean energy goals can only be achieved with high-speed network communication,” said Carlos Carazo, managing director of Digital Grid Services at Southern California Edison and member of the UBBA Board of Directors. “We are excited to collaborate with other UBBA members on initiatives that help further the adoption of the ubiquitous broadband connectivity that can aid in reducing the grid’s reliance on carbon-based energy sources.”

The value of UBBA

The rapid growth of UBBA membership serves as a testament to the needs of the utility industry to focus on essential communications infrastructure. Members receive access to a multitude of resources that help accelerate their journey to wireless broadband innovation. These organizations can incubate ideas, evaluate business cases and develop standards for critical infrastructure innovation using standards-based LTE broadband technology. Additionally, UBBA members ensure a faster, safer path to grid digitalization and modernization by learning from other members and leveraging industry successes in broadband network advancement to help strengthen their infrastructure.

“The path toward grid modernization requires collaboration and information sharing,” said Ali Mohammed, senior director of Digital Innovation & Transformation at New York Power Authority and chairman of the UBBA board of directors. “We created UBBA so utilities seeking to enable digitalization and modernization could learn from their peers and receive best practices to help speed their journey. In just over two years since incorporation, UBBA has brought together major carriers, OEMs and the biggest utilities from across the industry. We are creating opportunities for members to leverage next-generation broadband networks to support grid digitalization and, ultimately, better serve their customers.”

UBBA will host its third annual UBBA Summit & Plugfest, October 10-12, 2023, in Minneapolis. Visit the event website to register: www.UBBAplugfest.org. To learn more about UBBA and inquire about membership, visit www.UBBA.com.

About The Utility Broadband Alliance (UBBA)

The Utility Broadband Alliance (UBBA) is a collaboration of utilities and ecosystem partners dedicated to championing the advancement and development of private broadband networks for America’s critical infrastructure industries. Members have access to resources that accelerate their journey toward a secure, resilient and future-proof grid. To learn more, visit www.ubba.com.

Mark Van Hook

Largemouth Communications on behalf of the Utility Broadband Alliance

P: 978.495.1851

E: mark@largemouthpr.com

Source: Utility Broadband Alliance

CenterPoint Energy, Inc.

NYSE:CNP

CNP Rankings

CNP Latest News

CNP Stock Data

20.86B
649.46M
0.33%
94.18%
2.56%
Utilities - Regulated Electric
Electric Services
Link
United States of America
HOUSTON