Wednesday, May 20, 2015

Warren Buffett Leads $22M Investment to Convert Network Intelligence into Power Saving

eVolution Networks announced that "Berkshire Hathaway Energy subsidiary IES Holding, and GE Ventures have invested $22.5 million in eVolution Networks.

eVolution Networks' Smart Energy Solution is a software-based solution that analyzes the mobile network's traffic needs and adjusts the use of the network's resources based on real-time demand from subscribers. This adaptive and unique approach to managing the network's resources has been deployed by Tier-1 operators such as Telefonica Group and has proven to save millions of dollars annually on energy bills".

Digicel Jamaica deployed eVolution Smart Energy Solution in 2013 (here). In 2014 it was selected as Telefonica Group's global partner for RAN energy saving (here).

eVolution Networks' technology includes Radio Coverage Analysis and Traffic Analysis & Prediction that feed the ePlatform that eventually deactivates base stations reducing operators’ energy consumption by up to 35% annually.

An Operations & Maintenance Interface provides smart user interfaces, including graphical, web-based and command line, giving operators a wide range of tools to analyze system operations across the network, allowing them to have full visibility and control around the clock.

See "Berkshire Hathaway Energy subsidiary IES Holding, and GE Ventures contribute to funding to grow worldwide sales and promote the Smart Energy Solution to new industries" - here.

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