SANTA CLARA, CA, Power Assure, Inc., a data center energy management solutions provider, today announced that Dominion Energy Technologies, Inc., an affiliate of Dominion Resources, one of the nation's largest producers and transporters of energy, has invested $1 million in the company, joining ABB Technology Ventures, Good Energies, Point Judith Capital, and Draper Fisher Jurvetson as investors in Power Assure. With this investment, Power Assure has raised $14.5 million in its series B financing, bringing total funds raised to $29.75 million.

Dominion is a leader in building and expanding smart grid solutions that bring efficiency to the power grid. Data centers provide an excellent fit for smart grid integration because of their high power density, the amount of excess power available in most data centers, except during rare periods of high demand, and the inherent ability of many applications to have the location of their computing switched around the country without impacting the end user.

"Power Assure provides advanced functionality in managing data center loads," said Mary C. Doswell, senior vice president of Dominion's Alternative Energy Solutions group. "The ability to manage energy consumption by either shifting demand between geographic regions or reducing demand locally creates opportunities for energy companies to manage load and provide value to customers."

"Not only is Dominion one of the largest power companies in the country, they are also leading in the area of smart grid innovation," said Brad Wurtz, president and CEO, Power Assure. "In order to help our customers connect to the smart grid and take advantage of the many revenue-generating services offered by the Independent System Operator's (ISO's), we have found a partner who can bring the skills and resources needed to execute quickly. Dominion has shown a determination to stay on the cutting edge."

This investment will be combined with other series B financing to expand Power Assure's sales and marketing for continued growth as the leader in data center infrastructure and energy management solutions. It will also be used to increase engineering investments in the area of smart-grid integration for data centers.

About Dominion Resources, Inc. (www.dom.com)

Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 28,200 megawatts of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,300 miles of electric transmission lines. Dominion operates the nation's largest natural gas storage system with 947 billion cubic feet of storage capacity and serves retail energy customers in 15 states. For more information about Dominion, visit the company's website at www.dom.com.

About Power Assure (www.powerassure.com)

Power Assure is a leading developer of Data Center Energy Management software for large enterprises, government agencies, and managed service providers. Power Assure's solutions provide visibility, intelligence, analytics and automation to help CIOs, IT directors, and facilities managers optimize capacity, service levels, and power consumption within and across data centers. Headquartered in Santa Clara, CA, the company is privately held with funding from ABB Technology Ventures, Dominion Energy Technologies, Draper Fisher Jurvetson, Good Energies, Point Judith Capital, and a grant from the Department of Energy. Power Assure partners include ABB, Cisco, Dell, IBM, Intel, In-Q-Tel, Raritan, UL and VMware.