MINEOLA, USA: Clear Skies Solar (CSS) will commence smart grid verification testing with Met Laboratories of Baltimore, Maryland to further independently test the accuracy of the XTRAX® smart grid monitoring technology.
The Company has been awarded patent number 7336201 on its XTRAX data communications technology from the United States Patent and Trademark Office protecting the intellectual property for a remote energy meter system and method where a electrical meter communicates with the client via a wireless connection link to recover energy production parameter values.
XTRAX was developed entirely by CSS for the high level tracking of energy production data and is housed under their technology subsidiary Carbon 612 Corp. The XTRAX device monitors, collects, transfers and interprets energy data via cellular technology at very low costs and will be an integral part of the smart grid solution.
"This smart grid monitoring system, which we call XTRAX, is an important smart grid technology and significantly enhances our overall portfolio of grid-related technologies and services," commented Ezra Green, CEO of Clear Skies Solar. "We have selected Met Laboratories to perform these important ANSI metering standards tests based on its high quality testing facilities and its excellent reputation in the industry. While our own in-house testing has already shown high levels of accuracy over predetermined periods of time, we believe it is important to have our findings verified independently."
Spending on Smart Grid technologies is expected to grow significantly over the coming years, as the US government and major electric utilities seek more efficient ways to connect homes and businesses to utilities, to transport more data, and to use less overall energy.
While estimates of future spending vary widely, one estimate recently published by Pike Research indicates that the considerable momentum building toward smart grid construction could represent $200 billion in total spending by the year 2015.
Green continued: "We specifically developed this technology for small solar power producers, which is one of the fastest growing segments of the alternative energy and smart grid construction industries. With our proprietary data management software and patented hardware, we expect to gain a substantial market share based on our low cost-factor. We believe our revenue opportunities relative to this market segment are very significant as we believe we can become the dominant player in the sub 100 kilowatt systems market.
"We view the overall Solar Renewable Energy Certificate (SREC), carbon credit and production data verification markets to easily exceed $1 billion annually. We expect the SREC program in New Jersey alone to be valued in the hundreds of millions of dollars and with the financial markets requiring production backup, sub metering, string verification and default tracking, we believe our opportunities relative to our XTRAX technologies are highly significant."
Clear Skies Solar is the majority shareholder of Carbon 612 Corp and plans on launching the Company into the commercial markets as soon as the ANSI and UL testing being announced is completed.