PayGo market momentum continues – Influential Energy Industry Executive, David Elve Joins PayGo

Atlanta, GA January 2, 2012 – PayGo, the smart grid software and services provider which enables the rapid provisioning of smart grid “apps” such as “pay as you go” services, announced today that David Elve has joined PayGo as Executive Vice President and Chief Marketing Officer.

As Executive Vice President, Mr. Elve is charged with expanding PayGo’s brand, sales, and business development activities. Mr. Elve most recently served as Vice President for Sensus. He has also served as Vice President and Principal Consultant with Enspiria Solutions, Vice President with Landis+Gyr, and as Group Vice President with Atos Origin. He previously served for ten years in various management and executive positions with Schlumberger and Convergent Group.
Mr. Elve is also a founder and Past President of the Smart Meter Manufacturers Association of America (SMMAA). He was recently named to the Fierce Grid 15 Most Influential People in Energy.

“PayGo has developed some of the first ‘Killer Apps’ for the Smart Meter. With additional functionality, increased memory and downloadable firmware, smart meters can now be loaded with PayGo applications and provide increased value for the utility and added flexibility for the consumer” says PayGo Founder, Ron Sewell, “David Elve brings in-depth knowledge and energy experience along with an expansive professional network to PayGo. His expertise in developing and managing major industry relationships will be leveraged to further grow our business.”

“PayGo’s solutions demonstrate that Smart Grid systems can utilize distributed intelligence to provide more real time information which is both demanded by the consumer and can be leveraged by the utility.” says David Elve.
Mr. Elve holds a bachelor of science in business administration from Auburn University and earned an MBA in finance from the Stetson School of Business at Mercer University. Most recently Mr. Elve completed the executive management program at the Georgia Technical School of Management.
________________________________________
About PayGo™
PayGo is a smart grid software and service provider that enables the rapid provisioning of smart grid “Apps” including pay as you go electric service from utilities to their customers. With industry studies suggesting energy savings exceeding 10% by prepaid electric participants, PayGo’s mission is one that couples sustainability with quantifiable, sustained cost savings for utilities and control for their consumers. The Company’s integrated settlement and payment processing network also enables plug-in electrical vehicle programs.

Contact:
David Elve
Executive Vice President & Chief Marketing Officer
PayGo: www.paygoelectic.com
Work: (404) 368-3262

ListFree.org: Embedded data.

Oslo, Norway/Arnhem, the Netherlands (22 December 2011) − DNV has acquired 74.3% of KEMA’s shares, creating a world-leading consulting and certification company within the cleaner energy, sustainability, power generation, transmission and distribution sectors.

DNV and KEMA will form a world-leading energy consulting, testing and certification company that can drive the worldwide transition towards a safe, reliable, efficient and clean energy ecosystem. DNV KEMA will consist of all 1,800 KEMA employees and 500 employees from DNV’s renewable energy and sustainability activities. The new company will be led by Thijs Aarten, the CEO of KEMA, and headquartered in Arnhem, the Netherlands. Mr Aarten will report to a Supervisory Board chaired by DNV CEO Henrik O. Madsen.

“By joining forces, 2,300 experts will meet the needs of an industry in rapid transition and growth. The combination of cleaner fossil-fuel-based power generation and the increased use of renewables will truly make a global impact. This is the strategic rationale behind DNV’s biggest investment ever which, along with DNV’s other 8,000 employees engaged in supporting our maritime, oil & gas and other customers, makes DNV a leading global player in third party and technical advisory roles,” says Leif Arne Langøy, the Chairman of DNV’s Board of Directors.

Strategic and cultural match
KEMA’s activities are highly complementary to those of DNV’s existing renewable energy and sustainability businesses and all these activities will be integrated to form one compelling service offering to the global energy sector. Services will cover the entire energy value chain from energy source to end user, including wind energy, carbon capture and storage, carbon trading, energy efficiency, power generation, transmission and distribution, and energy-related testing, inspection and certification.

The global energy sector is heading for significant changes and investments. The International Energy Agency (IEA) estimates that USD 10 trillion will be spent between 2010 and 2030. Stricter environmental regulations and increased fuel costs will drive a transition towards cleaner fossil fuel and more cost-effective power generation. This transition, including that towards integrating more renewable power into the energy grids, will require system-wide changes. In the US, Europe and Asia, the shift is already under way and will be partly supported by the introduction of smart grids or intelligent energy networks.

“In DNV, we have found a solid, innovative and international partner that has the same strategic vision, purpose and values as our company. For decades, KEMA has been a highly respected global energy consultant and provider of energy-related testing, inspection and certification services. Both KEMA and DNV have strong traditions as independent leading players with world class technical and business knowledge and growth ambitions,” says Thijs Aarten, the CEO of KEMA.

“Over the past two decades, we have become a leading certifier and technical adviser on renewable energy. But to fulfil our ambition of really impacting our customers’ transition towards a low carbon economy we need to also provide independent certification and technical advice to the power generation, transmission and distribution sector. KEMA is globally recognised in this mission sector and is thus a perfect strategic fit,” says Henrik O. Madsen, the CEO of DNV.

“Through organic growth and acquisitions, we have built significant capacity relating to renewable and cleaner energy, such as wind and solar energy and carbon capture and storage. In addition, DNV has recently developed power transmission and distribution capabilities, a field in which KEMA is already a global leader. The acquisition of 74.3% of KEMA’s shares is a huge step towards achieving our ambitions and widens our portfolio, which includes our traditional maritime and oil & gas businesses,” says Mr Madsen.

“DNV KEMA’s core markets are in Europe, North America and China and the new company will benefit our customers by providing them with a broader portfolio of services across the entire energy value chain,” adds Mr Aarten.

While DNV becomes the majority shareholder with a 74.3% share, Alliander retains its holding (25.4%) as does Cogas (0.3%). The transaction is subject to the approval of the US, Dutch and German competition authorities.

About DNV
DNV (www.dnv.com) is a global provider of services for managing risk and helping customers to safely and responsibly improve their business performance. Organised as an independent, private foundation, DNV’s objective is to safeguard life, property and the environment. The company serves a range of industries, with a special focus on the maritime and energy sectors. Established in 1864, DNV has a global presence with headquarters in Oslo, Norway. Its prime assets are the knowledge and expertise of its 8,500 employees from 98 nations.

About KEMA
KEMA (www.kema.com), founded in 1927, is an independent, knowledge-based company that is active worldwide in the energy value chain and specialises in delivering world class services in the fields of business and technical consultancy, operational support, measurement & inspections, and testing & certification. As an independent business, KEMA advises and supports government bodies as well as producers, suppliers and end-users of energy and manufacturers of electricity transmission and distribution equipment. More than 1,800 professionals work at KEMA, which has branches and representatives in over 20 countries around the world.

ListFree.org: Embedded data.