Tag Archives: nes

Echelon (ELON) Finally Issues Press Release On Fortum Deal; $50 – 60 Mill For ELON

Echelon (ELON) was a bit slow in releasing this news today or they just didn’t coordinate it well with Telvent (TLVT).  At any rate, the Fortum smart grid deal is yet another big win for Echelon (ELON) and cements them as a significant player in the smart grid arena.  The press release indicates it will provide ELON with $50 – 60 million (so about 20 mill/year beginning in 2011) over the life of the project … Read the rest