On Friday, it was announced that the state of Massachusetts chose the EnerNOC (ENOC) Enterprise Energy Management System to help reduce energy costs at nearly 500 state owned facilities. The initial 3 yr project aims to reduce energy costs by 5 – 15% and save up to $10 million a year when fully deployed.
EnerNOC will deploy its SiteSMART, SupplySMART and CarbonSMART suite of energy applications across office buildings, universities, prisons and hospitals providing real … Read the rest
American Superconductor (AMSC) is pushing higher in premarket trading on news that it has received a record grid interconnection order from wind energy giant Vestas. It’s subsidiary, Vestas Australian Wind Technology has placed an order with AMSC for a large D-VAR-based grid interconnection system, utilizing 24 D-VAR modules integrated with external smart-switched capacitor banks that are optimized for wind farm applications.
AMSC components will be used at the 206MW Collgar Wind Farm in Western Australia … Read the rest
If the Obama administration wants to meet its goal of being the alternative energy world leader, it’s got a lot of catching up to do. While they focus on a trillion dollar health care sure to put the US credit rating at risk in the coming years, it spends peanuts on the technology needed to fuel our future without the need for massive foreign oil imports.
Last year, China doubled the investment the US made … Read the rest
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Exelon’s (EXC) PECO subsidiary in Pennsylvania has selected Comverge’s (COMV) Apollo Demand Response Management System to meet energy efficiency targets required by Pennsylvania Act 129. For the next 3 years Comverge will provide full turnkey services including call center services and includes the installation of nearly 150K energy management devices. This will be largest demand response deployment in Pennsylvania. PECO was one of the six recipients of … Read the rest
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American Superconductor (AMSC) and LS Cable of South Korea, who is the third largest power cable manufacturer in the world, have announced an expanded superconductor power cable business alliance. The first began working together last year and this expansion calls the collaborative deployment of more than 30 miles of smart grid power cables over the next five years.
The power cable systems manufactured by LS … Read the rest
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The ink is now dry on an agreement between the DOE and CenterPoint Energy (CNP) for a whopping $200 million grant to accelerate the deployment of their advanced metering system and intelligent grid. You guys better put that kind of money to good to use! We’ll all be watching.
“We are very pleased to have finalized this agreement with the DOE to help accelerate the deployment of … Read the rest
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Two heavy hitters are collaborating, bringing their smart grid technologies together to reduce the cost and complexity for utilities to deploy smart meters. Itron (ITRI) and Lockheed Martin (LMT) announced today that they will integrate Lockheed’s SEEload Demand Response Solution with Itron’s smart grid platform bringing together Itron’s smart grid expertise with Lockheed’s security, command and control and integration expertise.
Itron VP Philip Mezey commented: “Fostering the … Read the rest
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Itron just announced that it will be collaborating on smart grid solutions with Tropos Networks. The two companies will work together to develop an integrated network solution for the utility market as well as other smart grid applications. The solution will allow utilities to create a private broadband network for utility applications.
In a press release, Philip Mezey, Itron North America senior vice president and chief … Read the rest
EnerNOC (ENOC) and Pacific Gas & Electric are joining forces to increase the energy efficiency of PG&E’s commercial and institutional customers. The 3 year deal will provide PG&E customers with EnerNOC’s SiteSMART smart grid application in Northern and Central California. The SiteSMART app combines advanced metering technology with data analysis software to provide insight into energy usage that EnerNOC can then use to make energy efficiency recommendations and provide a more comfortable environment in extreme … Read the rest
Ardour Capital is out this morning upgrading both Yingli Green Energy (YGE) and Comverge (COMV) following recent earnings reports. They upgraded Yingli (YGE) from Reduce to Buy. Hat tip to Street Insider for the analyst comments:
“We are increasing our 2010 estimates to reflect demand-driven capacity expansion and solid gross margin outlook. The Company announced a 300MW capacity expansion to address continuing order demand from channel partners. Accordingly, YGE expects to ship 950-1,000MW in … Read the rest