Comverge just announced that its PowerPortal(R) in-home display has received Zigbee’s Smart Energy Certification. Comverge currently offers 2 other Zigbee-certified product: their Digital Control Unit and their Programmable Communication Thermostat. Zigbee’s Smart Energy Profile creates a wireless home area network that allows both customers and utilities to connect with smart appliances without installing broadband. Comverge’s Power Portal connects this technology to smart meters outside the home, bringing in important information about electricity prices as well … Read the rest
Tag Archives: smart grid
More Smart Grid Analyst Calls: Itron (ITRI) A Buy, Echelon (ELON) At Outperform
I missed the Itron (ITRI) Buy rating from Brean Murray and should have included it in the last post along with the other smart grid calls. The firm has initiated this smart grid leader with a Buy rating and 12 month price target of $65/share. Despite delays in the federal stimulus rollout, they still believe the company is on track for solid growth in 2010.
Itron has begun to show some life and is now … Read the rest
Echelon (ELON) Introduces New Smart Metering Network Management Software
Echelon just announced the release of a new product: Networked Energy Services (NES) Element Manager, a new smart metering network management software. The software is designed to help utilities as they implement new smart grid programs by giving them enhanced abilities to manage the project’s installation, configuration, provisioning, management and monitoring.
The software provides a dashboard that provides at-a-glance access to information about network connectivity, data retrieval and the health of meters and power lines, … Read the rest
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
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
American Superconductor (AMSC) Announces New China Smart Grid Order, Distribution Partner
American Superconductor (AMSC) has received a 2nd order for its D-VAR system for a Chinese smart grid and will deliver it to China National Machinery Industry Complete Engineering (note to China: shorten your company names!) by the end of this year. CMCEC will use the D-VAR to meet local grid interconnection requirements for Phase 1 of the Guanting Wind Farm which is ultimately expected to provide 150MW of wind power once completed. Furthering AMSC’s push … Read the rest
Consolidated Edison (ED) Rolls Out Smart Grid Test
New York’s Consolidated Edison just announced that it is planning a smart grid test program in Northwest Queens. Approximately 1,500 customers will receive smart meters as part of the demonstration. Consolidated Edison will also work with City University of New York to study how to best distribute solar energy from rooftop installations to the power grid. In addition, the project will examine ways to monitor and improve power distribution and correct problems more quickly, and … Read the rest
Tobin Smith Recommends 3 Green Stock "Hidden Gems"
I just came across an article written over a month ago by well known investment “guru” Tobin Smith, highlighting three “hidden gem” green stocks. The article highlights Itron (ITRI), VMware (VMW) and Echelon (ELON) as companies that could benefit big in the coming green energy revolution. Itron (ITRI) may be relatively unknown to the average investor, but considering it’s the big guy in the smart grid space, it’s quite well known to those with … Read the rest
General Electric Snags $2 Million Deal From DOD
General Electric just announced that have signed a deal with the Department of Defense worth $2 million to transform a Marine base into a smart microgrid system. Under the contract, GE will set up a smart microgrid system for the Twenty Nine Palms Marine Base in the Mojave Desert. The smart microgrid system will improve energy efficiency at the base using a GE microgrid controller that utilizes advanced algorithms and decision engines to ensure that … Read the rest
General Electric (GE) Working With Tendril To Connect New Appliances To Smart Grid
CNET News is reporting that General Electric plans to use software from smart-grid startup Tendril to make its appliances more energy efficient. The software will allow you to control your GE appliances from several different locations, including an in-home display, over the Internet or even through your iPhone (is there anything you CAN’T do with an iPhone these days?). The system will be in a testing phase starting in the 4th quarter of 2009. Tendril’s … Read the rest