Itron just announced that it is partnering with Ambient Corporation to integrate Itron’s smart grid and AMI components with Ambient’s smart grid communications platform. The partnership, created under a memorandum of understanding signed by both companies, will allow Itron and Ambient to join together and provide a complete smart grid system for utility customers.
The agreement will integrate Itron’s OpenWay advanced metering application with Ambient’s Smart Grid communications technology. This will enable legacy equipment to … Read the rest
PowerSecure (POWR) is announcing a total of around $12 million in new business with $11 million of that to be completed within the next near and the rest being longer term recurring revenue to be recognized over the next five years. No word on who the customer is, but PowerSecure will provide its smart grid enabled power systems to support critical municipal infrastructure and manufacturing facilities and will incorporate PowerSecure’s NexGear switches, providing connection to … Read the rest
Jim Sember, Vice President of S&C’s Power Quality Products Division, said, “Renewable energy sources like wind and solar introduce ongoing and unpredictable power variations. The incredibly fast response of advanced battery storage systems allow for compensation of these fluctuations at a level … Read the rest
Itron (ITRI), the smart grid gorilla, is selling off a bit after hours after announcing it is selling 2.75 million shares at 55.81/share. The company expects to use $125 million of the proceeds to repay a portion of outstanding non-convertible debt and the remainder for general corporate purposes. Canaccord Adams is the lead, book running manager while Stephens Inc is acting as co-manager on the deal which is expected to close around June 3rd. I … Read the rest
GE Energy just announced that it has installed smart grid technologies for Colorado Springs Utilities to help them better manage power flow and customer communication in their service area. Here’s more on the announcement, from Trading Markets:
The newly installed GE PowerOn Outage Management System (OMS) helps CSU respond more quickly to power outages, while providing consumers with updated restoration-time estimates when outages do occur.
GE said that it is currently enhancing the system … Read the rest
Several days ago Itron (ITRI), the smart grid 800lb gorilla, reported disappointing earnings. Today, the unprofitable up and comers EnerNoc (ENOC) and Echelon (ELON) reported large losses but losses that were considerably less than the estimates.
Echelon (ELON) reported a non GAAP loss of .19/share which beat estimates of a loss of .34 by a wide margin. Revenues also came in better than expected at $18.2 million vs the estimate of $17.8 million. Despite … Read the rest
EnerNoc has successfully deployed its PowerTalk technology in 250 of its approximately 5000 customer sites which allows for real time communication through open standards technology between almost any internet enabled smart meter or device and the EnerNoc command center. Similar to instant messaging, the presence technology continuously transmits the status of the device as well as other info so that changing conditions are detected in real time.
Whereas most current technical approaches involve reading Smart … Read the rest
FPL Group (FPL) reported earnings this morning and it was a strong quarter in a tough environment. The leading provider of wind and solar energy reported a non GAAP EPS number of .90/share beating estimates by .13/share.
It’s NextEra Energy Resources division which houses its wind and solar operations produced good results with an EPS of .62/share (a 13% increase over the year ago quarter) however the gains were driven by new investments in wind … Read the rest
General Electric, Florida Power and Light, Cisco Systems and Silver Springs Networks just announced that the four companies will team up to build a smart grid to serve the city of Miami. The new program, which will be called Energy Smart Miami, involves installing smart meters in more than 1 million Miami homes and businesses, as well as constructing an automated smart grid to support the smart meters. The program should create approximately 1,000 new … Read the rest
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