For immediate release April 20, 2015 Houston TX
The US moved closer to the energy sector’s Holy Grail of a robust, reliable and intelligent Smart Grid-driven electric power distribution system this week, one delivering end-to-end security from potential terrorist attack and the devastation caused by natural disasters, with the launch of GridWare at IHS CERAWeek 2015 in Houston, Texas.
GridWare LLC is a joint venture between US Grid Company (USGRDCO) and TrenchWare Inc, providing cutting-edge and industry-first frontline cybersecurity solutions, custom designed to meet the security challenges facing utilities now and in the future. GridWare harnesses methodologies gleaned from decades of practical CIA operations, coupled with utility technology innovation, to deliver a suite of software, hardware and support services never before offered to the power industry. These tools combine to help utilities overcome the myriad challenges posed by state agencies, internal employees and independent contractors.
Jerry Sussman, President and CEO of GridWare LLC and former senior CIA cybersecurity operative will take part in IHS CERAWeek’s “Energy’s Grand Challenges” Opening Plenary Session entitled “Cybersecurity and Emerging Infrastructure Threats”. That session will take place from 8:30am to 9.30am on Friday, April 24.
Jacob J. Worenklein, Chairman and CEO of USGRDCO said:
“We are delighted to launch GridWare at IHS CERAWeek, one of the most prestigious events in the international energy sector’s calendar. GridWare delivers an arsenal of highly-effective tools to help utilities continuously anticipate and protect themselves from the full spectrum of dangerous and disruptive cyber attacks.”
Jerry Sussman, Co-Founder and CEO of GridWare added:
“For more than a decade, a series of determined attacks have targeted key components of our nation’s critical infrastructure systems. GridWare has been created to always remain one step ahead – anticipating, tracking, identifying and neutralizing such threats before they can fully materialize.”
Timing could hardly be more opportune, with the 2014 Harris Williams’ White Paper reporting that 45% of US distribution assets are either at, or near to, their end of life*. In addition, 53% of US utility executives have stated that their utility’s grid network is not adequately protected from physical and cyber attacks.**
To meet such critical security and investment needs, USGRDCO has committed itself to transforming today’s power delivery system by paving the way to the utility of the future – a secure, reliable, resilient, efficient and low-carbon power system. The company provides a lower-risk, lower-cost transition to the future utility model: one centered on distributed energy resources, customer choice and critical system assets. The USGRDCO approach helps protect utilities’ financial health so that they can continue with their primary role of serving society’s many differing communities’ energy needs.
The urgent need to invest in America’s aging national infrastructure has even entered the mainstream with John Oliver, host of HBO’s Last Week Tonight recently devoting an entire 20 minute section to the topic, headlined “It’s not a sexy problem, but it is a scary one.”
* “Transmission & Distribution Infrastructure”, Harris Williams & Co, Summer 2014
** “State of the Electric Utility 2015 – Survey Results from over 400 US Utility Executives”. Utility Dive Brand Studio in association with Siemens.