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
Tag Archives: finland
Telvent (TLVT) To Integrate With Echelon (ELON) For Finland Smart Grid, ELON Soaring
Echelon (ELON) is surging nearly 20% today with big volume. The reason isn’t completely obvious because the company hasn’t issued a press release, but the reason the stock is moving is probably the result of Spain based Telvent integrating its smart grid solution with Echelon’s (ELON) for a big Finnish project with a cost of over $150 million.
According to Telvent’s release, they will be in charge of the design and development of a smart … Read the rest