05:33:01 EDT Wed 15 May 2024
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Tantalus Systems Holding Inc
Symbol GRID
Shares Issued 44,595,942
Close 2024-04-05 C$ 1.86
Market Cap C$ 82,948,452
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Tantalus to provide TGMP to Bolivar Energy Authority

2024-04-08 11:13 ET - News Release

Mr. Peter Londa reports

BOLIVAR ENERGY AUTHORITY SELECTS TANTALUS GRID MODERNIZATION PLATFORM(TM) AND TRUSENSE GATEWAY(TM) SOLUTION

After a competitive evaluation process, Bolivar Energy Authority (BEA) selected the Tantalus Systems Holding Inc.'s Tantalus Grid Modernization Platform (TGMP) to modernize its distribution grid. Leveraging the TRUSense fibre gateway to harness the full capabilities of BEA's advanced fibre network deployed in partnership with Irby Utilities, TGMP will replace an existing AMI (advanced metering infrastructure) solution in support of BEA's grid modernization initiatives.

The TRUSense Gateway is a multipurpose, socket-based device that accelerates the modernization of the distribution grid for utilities. It delivers secure and interoperable integration of behind-the-meter distributed energy resources (DERs) on to the distribution system, while also capturing and analyzing granular power quality data to enhance grid resiliency. The TRUSense Gateway is available for multiple communications networks, including fibre, ethernet and cellular. As an integral part of the TGMP, the TRUSense Gateway will enable BEA to uniquely leverage its community's investment in an advanced fibre deployment to improve operations of the distribution grid through the delivery of interoperable, grid-edge data.

"We were looking for a way to capitalize on the investment BEA made in our fibre-to-the-home project," said Steve Herriman, purchasing and IT (information technology) manager, Bolivar Energy Authority. "We wanted to have a stronger, faster and more reliable AMI network, and an ability to adopt advanced applications through the life of this deployment. With the TRUSense Gateway, Tantalus was the only vendor we found that could fully leverage our fibre network, at and behind the meter, to provide us with the best opportunity to improve the support we provide to our community."

TGMP is Tantalus's technology architecture that provides a secure, flexible and affordable path to grid modernization. It includes a breakthrough grid data management solution, TRUSync, which automates the integration of data across any device, any system and any vendor. By accessing data from devices deployed throughout the entire distribution grid, including devices behind the meter, TGMP delivers unprecedented levels of visibility, command and control to improve a utility's operations.

"We are thrilled Bolivar Energy Authority is joining our user community alongside the growing number of Tennessee Valley Authority (TVA) local distribution companies," said Peter Londa, Tantalus's president and chief executive officer. "We continue to witness an increasing number of utilities that are harnessing the power of data to accelerate their grid modernization efforts. TGMP and the TRUSense Gateway are purpose built not only to help with near-term needs, like enhanced resiliency and advanced applications, but also to provide a flexible and expandable platform to support long-term requirements, such as those outlined as part of TVA's regional grid transformation initiative."

BEA will be presenting the utility's plan to deploy TGMP and the TRUSense fibre gateway at the upcoming American Public Power Association's Engineering & Operations Conference in New Orleans on April 8, 2024, as part of the spotlight session of presentations. The conference focuses on grid modernization initiatives, environmental issues, safety, and transmission and distribution for public power utilities in the United States.

About Tantalus Systems Holding Inc.

Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. Tantalus offers a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. The company's solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements.

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