General Electric (GE) reported earnings Friday morning and I’ve now had a chance to go through the entire earnings report provided by Seeking Alpha and pick out all portions related to their smart grid wind turbine businesses. Overall, their Energy unit was the strongest performer with revenues up 7% and profits up 19% Unfortunately, that wasn’t due to wind turbine orders which were down 8% for the quarter. Although, when you consider that the 1st … Read the rest
Tag Archives: smart grid
Comverge (COMV) Announces Release Of Apollo Demand Response System
Comverge just announced the release of its new product, the Apollo Demand Response System. The Apollo System is the first demand-response system that links in-home demand-response devices with utility operations and back office applications.
In a company press release, members of Comverge’s leadership team commented on the product:
"Apollo represents a defining step forward for the Demand Response industry and a key component of SmartGrid technology. Utilities will now be able to deploy this enterprise … Read the rest
Demand Response Player Comverge (COMV) Reports More Losses In 08, But Future Bright
Comverge (COMV), a demand response provider, released mixed results after the bell today. On the EPS side they reported .28/share (beating estimates by .04) and revenues of $33 million was right in line with expectations. With a revenue growth decrease of 22% over the year ago quarter, that stops a streak of 4 consecutive quarters of accelerating revenue growth. The future looks bright for COMV but this is a company that appears to be … Read the rest
PowerSecure Intl (POWR) Gets $10 Mill In New Orders For Smart Grid & LED
PowerSecure Intl (POWR) is announcing $10 million in new orders from utilities and businesses for its smart grid and efficient LED lighting systems. Orders include:
– Interactive Distributed Generation (IDG) Systems: smart grid enabled distributed generation systems supported by PowerSecure’s monitoring team who forecast peak electricity demand and deliver more efficient power when needed and ensure customers are protected against power loss
– NexGear Systems: switchgear systems and electronic controls to connect the grid to … Read the rest
EnerNoc (ENOC) In 65MW Demand Response Deal With Idaho Power
EnerNoc (ENOC), an emerging, yet still unprofitable demand response leader just picked up a 65MW deal with Idaho Power. ENOC will enable and manage a network of commercial and industrial facilities throughout Idaho Power’s service area to reduce electricity demand during system peaks. ENOC’s job is to bring supply and demand into greater balance, potentially reducing prices during peak demand times. They have a network of operations centers that automate the process, curtailing non … Read the rest
Itron (ITRI) Releases OpenWay(R) Announces Release Of Improved OpenWay Collection Engine
Itron announced on Thursday that is has just released an improved version of its OpenWay Collection Engine, with better security features. The current version of OpenWay does comply with the security guidelines issued by American National Standards Institute. However, the new version exceeds these security requirements to provide security that meets the standards of the Federal Energy Regulatory Commission (FERC) and North American Electric Reliability Corporation (NERC) "Critical Cyber Asset" requirements as well as the … Read the rest
Google’s (GOOG) Energy Efficiency Strategy
There’s a good piece over at Portfolio.com about Google’s green energy initiatives and collaboration with GE. Google’s goal is to make every home energy efficient so that appliances know when to power up and down while heating and cooling respond automatically to the prices in energy. Before that can happen big time upgrades must happen in the transmission lines which are horribly outdated and inefficient.
Google aims to do with energy what it’s done for … Read the rest
IBM (IBM) Hired To Create Malta’s Smart Grid System
IBM has been hired by 2 Maltese companies, Enemalta Corporation and Water Services Corporation, to design and install a smart grid for the entire nation. Under the terms of the 70 million euro agreement, IBM will create a smart grid system to manage electricity and water use, replace the country’s analog meters with smart meters, and integrate the utility systems to allow for remote monitoring and management. The major benefits of the system include … Read the rest
Echelon (ELON) Continues to Report Losses On Shrinking Revenue
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
Itron (ITRI) & Digi International (DGII) to Develop Smart Grid Apps
Earlier today, Itron (ITRI) announced a partnership with Tendril in an attempt to rule the smart grid world. Now the company is announcing a collaboration with Digi International (DGII) to enable utilities to remotely monitor and control automation devices utilizing Itron’s OpenWay advanced metering infrastructure network in conjunction with Digi’s ConnectPort gateway.
“Digi complements OpenWay by bridging common technology standards toward the advancement of Smart Grid adoption,” said Russ Vanos, Itron vice president of marketing. … Read the rest