Pecan Street Project Inc. Reaches Agreement with Galvin Electricity Initiative and Underwriters Laboratories to Implement Perfect Power Seal of Approval

Press Release • July 12, 2011

For Immediate Release

Contact:   Colin Rowan, media@pecanstreetproject.org

(AUSTIN – July 12, 2011) – The Galvin Electricity Initiative and Underwriters Laboratories (UL) reached an agreement with Pecan Street Project to implement the Perfect Power Seal of Approval™ (PPSoA) performance standards. The memorandum of understanding establishes a framework for leveraging the Initiative’s research support, UL’s renowned technical expertise and Pecan Street Project’s real world consumer smart grid research and technology to help set the standard for consumer-focused performance.

“Our researchers and member companies share the Galvin Electricity Initiative’s commitment to developing a smart grid architecture that has clear customer value and customer control,” said Brewster McCracken, Executive Director of Pecan Street Project Inc. “We are pleased to collaborate with the Galvin Electricity Initiative and Underwriters Laboratories to structure, test and perfect system integrations, pricing models, data collection and system deployment architectures that meet the Seal of Approval metrics.”

The University of Texas at Austin-based smart grid research organization will provide research support and real-world implementations as part of the collaboration with the Galvin Electricity Initiative and UL. It has further committed to support the PPSoA technical specifications in its research trials of consumer home smart grid systems. The PPSoA technical specifications are based on input from mayors and other community-based stakeholders, including a number of smart grid pilot projects and other expert advisors. PPSoA is the first program to bring together these four key performance categories, which compliment ongoing efforts by forward-thinking regulators, utilities, generators, and entrepreneurs to develop and achieve consumer-focused outcomes. By focusing on consumer needs at the system design level, projects can maximize investment and consumer buy-in.

“We are excited about the opportunity to be working with the forward-thinking folks at the Pecan Street Project as both partners and the first adopters of our PPSoA criteria,” said John Kelly, Deputy Director of the Galvin Electricity Initiative. “By utilizing our performance standards, we look forward to seeing this smart grid organization rise to the highest level of quality in the areas of reliability, consumer empowerment, cost and environment.”

The Initiative has teamed up with UL, a highly respected safety certification organization to train and certify a team of evaluators to review and rate the grid project performance. Communities can use the project ratings to compare service providers, shape policy incentives and hold utilities accountable for providing access to more affordable, reliable, cleaner electricity. With more communities and states move toward restructuring, grid developers can use these ratings to better inform decision-making as entrepreneurs can develop applications that allow consumers to better manage their electricity use. To learn more, visit www.galvinpower.org/sealofapproval.

For more news about the PPSoA program, visit www.galvinpower.org/news

The Galvin Electricity Initiative was launched by former Motorola CEO Robert W. Galvin to transform our electric power system into one that is reliable, efficient, secure and clean, and meets the needs of 21st century consumers. In 2011, the Initiative continues to spark a migration toward a consumer-driven electric power system that is based on quality leadership. The goal is to promote grid modernization by identifying and promoting those leading practices smart microgrids that place top priority on serving consumers and businesses with reliable, high-quality, clean power.

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About Pecan Street Project Inc.

Headquartered at The University of Texas at Austin, Pecan Street Project Inc. is a non-profit 501(c)(3) smart grid and clean energy research and development organization.  Incorporated in 2009, the organization’s board includes representatives from The University of Texas, Austin Energy, Environmental Defense Fund, the Austin Technology Incubator, the City of Austin and the Greater Austin Chamber of Commerce.

Pecan Street Project began operations through seed funding from The University of Texas. Since then, the organization has provided over $3 million in direct funding to UT researchers and students.  In September 2009, it received a grant from the Capital Area Council of Governments through an award from the Department of Commerce’s Economic Development Administration. In November 2009, the organization received a U.S. Department of Energy stimulus award for a Smart Grid Demonstration Project at Austin’s Mueller community. In November 2010, it received an award from the Doris Duke Charitable Foundation to research the impact of energy efficiency retrofits in older homes.

In March 2010, it released a report of recommendations for how to spur energy system advancements. The recommendations were the product of joint industry-university-utility-public sector working groups. For more information, visitwww.pecanstreetproject.org.

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