Echelon just announced that it has joined the Demand Response and Smart Grid Coalition, an industry trade association. The coalition’s goal is to raise awareness of the benefits that demand-response systems and smart grid technologies can offer.
Echelon’s VP of Networked Energy Services (NES) Sales, Jim Andrus, commented on the significance of the coalition in a company press release:
… Read the rest"At a time when the Obama administration is calling for an overhaul of the nation’s
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest
Echelon (ELON) may be a company to watch in the future with exposure in LED lighting, demand response and smart grid networking but for now the company remains unprofitable with no signs of a turn around yet. The company posted a non GAAP loss of .06/share which beat estimates of -.14/share but revenues shrunk by about 25% over the year ago quarter.
Said the CEO, “In the near-term, we expect the current economic slowdown to … Read the rest