Former Florida Power & Light CEO Armando Olivera To Support GridGlo’s Board of Directors

  Former Florida Power & Light CEO Armando Olivera To Support GridGlo’s Board
  of Directors

Business Wire

DELRAY BEACH, Fla. -- October 04, 2012

GridGlo LLC, a company specializing in data fusion and smart grid data
analytics, announced today the addition of Armando J. Olivera as an Advisor to
its Board of Directors. Olivera is the retired president and chief executive
officer of Florida Power & Light Company (FPL), a subsidiary of NextEra
Energy, Inc.

“GridGlo is honored to have Mr. Olivera as a key resource to the company,”
said Isaias Sudit, founder and CEO of GridGlo. “His decades of utility
industry experience and relationships will provide tremendous support to
GridGlo as we continue to grow our business.”

FPL, one of the largest investor-owned electric utilities in the U.S., grew
its assets 79 percent to $31.8 billion under Olivera’s leadership. He was
appointed president in 2003, CEO in 2008, and retired in May 2012 after 40
years with the company. During his tenure he managed a multibillion-dollar
capital investment program that included one of the country’s largest
deployments of smart meters.

Olivera earned a bachelor’s degree in electrical engineering from Cornell
University and a master of business administration from the University of
Miami. He serves as a director for AGL Resources Inc. and is a member of the
board of trustees for Cornell University and Miami Dade College.

GridGlo also recently added Ronald Renzini, former VP of Sales for Itron, to
its Advisory Board. Renzini is now the Chief Operations Officer for Corporate
Systems Engineering, a leader in the direct load control industry. Renzini
joins existing GridGlo Advisors including chairman Jesse Berst, a leading
authority on the emerging smart grid market, and Paul De Martini, former head
of Cisco’s Energy division.

About GridGlo

GridGlo® is a private company providing insights into energy consumption.
Based in Delray Beach, Florida, we work with utilities to extract value from
energy consumption data. Our core strengths are data fusion, data aggregation,
algorithm development, and scoring matrices. We have developed a proprietary
software platform that can identify, score, and provide recommendations to
improve utility operations and increase customer engagement. Our platform
allows us to create many dynamic applications that offer insights into the
behavior of all smart grid players from the utility to the consumer. For more
information, please visit:


For GridGlo
Sarah Mees, 978-409-2519