Current Communications Group

The core of Current Group's offering was its CURRENT Connected Intelligence platform. This platform integrated hardware for two-way communications with sophisticated software for data analytics from the distribution grid. This technology enabled utility clients to improve reliability, achieve cost savings, and increase overall efficiency. The business model focused on equipping utilities with tools to enhance their grid through better connectivity and analytical capabilities.

The company's solutions were designed to address the complexities of the modern electrical grid, which is increasingly characterized by distributed energy sources. By facilitating a two-way flow of information, the technology allowed for improved management and control over the electricity distribution network. This is a key feature of smart grid systems, which aim to modernize traditional power grids by incorporating digital and communication technologies to monitor and manage electricity transport in real-time. Before its acquisition, the company had secured significant funding, raising $145 million from a group of investors that included prominent names like Alphabet, Armilar Venture Partners, and Duke Energy.