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ANTERIX JOINS CONSORTIUM OF NATIONAL LABORATORIES AND LEADING SOLUTION PROVIDERS IN SUPPORT OF GRID MODERNIZATION EFFORT
Leading Research Laboratories and Technology Companies Are DevelopingSolutions for Cybersecurity, Sustainability, and Enhanced Grid Communications WOODLAND
About this update from Anterix Inc.
[{"type":"text","content":"Leading Research Laboratories and Technology Companies Are DevelopingSolutions for Cybersecurity, Sustainability, and Enhanced Grid Communications\nWOODLAND PARK, N.J., March 14, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced its participation in a broad alliance among energy industry leaders that are supporting the U.S. Department of Energy's (DOE's) national laboratories' efforts to help modernize the energy grid.\n\n \n \n \n \n \n \n\n \nAnterix is joining Idaho National Laboratories, the National Renewable Energy Laboratory, Oak Ridge National Laboratory, the Pacific Northwest National Laboratory (PNNL), ABB, Amazon, Avista Utilities, EPRI, the National Rural Electric Cooperative Association, Nokia, and Survalent to support the Assessment of Communication Architectures for Energy Systems (ACAES).\nACAES is one of nine projects, led by national laboratories and public- and private-sector entities, that are components of the DOE's 2023 Grid Modernization Initiative (GMI), announced in September 2023. GMI represents a $39-million investment in projects that will support the development and deployment of concepts, tools, and technologies needed to measure, analyze, predict, protect, and control the grid of the future while incorporating equity and the best available climate science.\nThe ACAES team, led by PNNL, is conducting a sophisticated analysis to identify and suggest ways to mitigate gaps in technology, standards, and processes for communications across the grid. The team will also create a large library of potential cyber-attack scenarios, including their operational consequences, to support and advance future cybersecurity training and planning. Lastly, the ACAES team will use this information to provide recommendations for new and improved technology, standards, and practices to address potential risks and help ensure that a grid with high distributed energy resources penetration is secure.\n\"Today's announcement demonstrates Anterix's deep commitment to—and our expertise in—helping our utility customers keep the grid secure,\" commented Rob Schwartz, President & CEO of Anterix. \"High-speed, high-capacity, secure grid communications are more vital than ever as threats to the energy grid increase. I am proud that Anterix, in conjunction with our six customers driving 900 MHz private wireless broadband ac...