A123 Systems (AONE) beat estimates after the bell yesterday, but the company remains a long ways off from being profitable and results were basically flat over the year ago quarter. The company posted an EPS loss of .22/share, which is a bit worse than the .19/share loss reported last year, but better than the .33/loss analyst expected. Revenues came in at $23.6 million which is better than the $19 million analyst estimate and a slight … Read the rest
Tag Archives: smart grid
Echelon (ELON) Taking First Step To Bring The Smart Grid To Latin America
Yesterday, Echelon (ELON) and ELO Sistemas Electronicos of Brazil announced an alliance to bring smart grid solutions to Latin America. ELO Sistemas is Brazil’s largest supplier of electronic meters and is a reseller of Echelon’s NES smart grid system. The announcement was made at the Smart Grid Latin America Forum in Brazil and is Echelon’s first foray into the Latin American region.
Last month Brazil announced tentative plans for a nationwide rollout of smart … Read the rest
Powersecure International (POWR) Beats The Street
We’ve seen very good results from the smart grid players Echelon (ELON) and EnerNOC (ENOC) and Powersecure (POWR) posted a Wall St beating quarter as well. I won’t say it was a great quarter because revenues (down 17%) and earnings (down 47%) declined over the year ago quarter, but a beat is a beat and the company did acknowledge that in the year ago quarter they completed a large number of projects for Publix Supermarkets … Read the rest
Itron (ITRI) Misses But CEO Confident Going Forward
As expected, Itron (ITRI) didn’t post great results after the bell today and that’s been the case for much of the past year as utilities continue to curb spending. The company posted an EPS of .45, missing analyst estimates by .07 on revenues of $408 million which also misses estimates ($418 million). The stock isn’t getting hit too hard after hours because expectations were low going in and most traders recognize that with stimulus … Read the rest
Obama Dishes Out Stimulus Cash For The Smart Grid (ELON, ITRI, COMV, POWR, ENOC)
The Obama administration announced today which smart grid projects will receive $3.4 billion in federal funding. A Dept of Energy official has said that about 25% of the projects that applied for funding received a boost from the government with awards ranging from $400K up to $200 million for single projects. The smart grid stimulus is expected to help get 18 million more advanced metering systems installed throughout the US.
Here are the utilities receiving … Read the rest
GDF Suez Teams Up With Comverge (COMV) To Offer Customers Demand Response
It was announced this morning that the retail biz of GDF SUEZ has teamed up with Comverge (COMV) in order to offer its commercial and industrial customers demand response services to help them decrease energy usage and cost. GDF SUEZ is currently the 2nd largest provider of non residential energy, so this is a significant win for Comverge. At first, the ERCOT, NEPOOL, NYISO and PJM territories (whatever that means) will be served with additional … Read the rest
American Superconductor (AMSC) To Supply Nations Largest Energy Hub, Tres Amigas
The Tres Amigas Project will be the nation’s first renewable energy market hub, which aims to connect 3 main power grids in the US (Eastern, Western & Texas Interconnections), allowing for a faster adoption of wind, solar and geothermal energy. American Superconductor (AMSC) will be a big beneficiary in the nation’s move to an updated, smarter power grid. The company is announcing this morning that it will buy a minority stake in Tres Amigas LLC … Read the rest
Ambient Corporation And Itron (ITRI) Develop Ambient EDC Module
Ambient Corporation and Itron have partnered to develop a product called the Ambient® EDC module. The module allows legacy automatic reader systems to newer, advanced smart grid systems. The module is installed at strategic positions along the grid to pick up data from encoder receiver transmitter systems (ERT meters). This negates the need for drive-by meter readings and allows utilities to set up monitoring in real time.
In a press release, John J. Joyce, Ambient’s … Read the rest
Echelon (ELON) To Work With Eaton To Provide Residential Smart Grid Services
Echelon just announced that it will work with Eaton Corporation to offer smart grid services to residential customers. Under the agreement, Eaton will become a value-added reseller for Echelon, combining their own home automation product line with Echelon’s Networked Energy Services (NES) System. The deal encompasses Europe, the Middle East and Africa, and will help the EU meet its target of a 20 percent increase in energy efficiency.
The combination of Eaton’s product with Echelon’s … Read the rest
Powersecure Intl (POWR) Gets $12 Million Smart Grid Power Systems/Infrastructure Order
PowerSecure International (POWR) has announced $12 million in new orders which include orders for smart grid power systems and new utility infrastructure projects. The new orders represent roughly 30 – 40% of what the company brings in each quarter in revenues, so not a huge order but significant. Revenue will be recognized once the projects are completed which the company expects to happen beginning in the 4th quarter of this year and continue through the … Read the rest