GE Invests In Power Generation Services, Inc.

RALEIGH, N.C., Jan. 28, 2014 /PRNewswire/ -- Power Generation Services, Inc. ("PoGens™") today announces that GE's Digital Energy business (NYSE: GE) has made a strategic investment in the company. "We have been working closely with GE for the past year and this investment accelerates the integration of GE's energy infrastructure technologies including Advanced Metering Infrastructure, Demand Management Systems and Energy Management Systems with PoGens'™ distributed generation services platform," according to PoGens'™ CEO, Jim Szyperski. "We are delighted to be working with the most recognizable brand in the energy business."

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"Lately, we have seen a growing trend within the utility industry—a shift to grid management software implementation to improve efficiency and resiliency of distribution grids. Our cloud-based SaaS platform improves the functionality of a utility's grid and helps enable the company to address long-term energy challenges and meet growing customer needs," said Todd Jackson, product line leader—software solutions, GE's Digital Energy business. "Our relationship with PoGens™ will help to strengthen our current Grid IQ SaaS offering and will allow us to provide additional value to customers who are looking for power predictability and reliability without incurring the high costs associated with buying emergency power during extreme weather events."

"Our solution provides customers the ability and flexibility to manage all forms and sizes of distributed energy resources. So, whether a back-up generator, PV Array or other renewable energy resource, we have created a turn-key scalable solution that can register, on-board, communicate and control these assets in real time to participate in energy market revenue programs on a national scale," states Raj Chudgar, VP of Sales and Business Development for PoGens™.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

Power Generation Services, Inc. is a turnkey provider of managed energy services for Distributed Generation and Distributed Energy Resources to Market Participants, Municipal Power Agencies, Cooperatives, and commercial customers in North America. PoGens™ provides a complete energy management infrastructure that includes monitoring, control, compliance and dispatch of our customers' emergency generation assets into the North American power markets. In an increasingly complex and changing energy environment, our mission is to leverage our national energy services platform to assist customers in the transition toward cleaner energy and grid stability while enhancing the profitability of their energy assets. See the company's website at www.pogens.com.

SOURCE Power Generation Services, Inc.