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 Meters
Itron (ITRI) Partners With OpenPeak
Itron just announced a partnership with OpenPeak that will give consumers a greater ability to control the amount of energy used in their home. The partnership will allow Itron to combine its advanced metering systems with Open Peak’s Home Energy Management Solution.By combining these two technologies, customers can view their energy usage and associated pricing info (provided by Itron) using an easy-to-use, touch-screen interface (provided by Open Peak).
In a press release, Philip Mezey, … Read the rest
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
Columbia Gas Will Deploy Itron’s (ITRI) Smart Meters
Itron (ITRI) is announcing today that Columbia Gas of Ohio is going to deploy its smart metering technology across 1.4 million gas meters over the course of the next 5 years. Columbia Gas will deploy the 40GB Gas ERT modules and may implement the larger 100G series modules in selected areas which would allow for more frequent metering data collection.
“We’ve experienced success over the years with Itron solutions, and have come to rely on … Read the rest
American Electric Power (AEP) Signs Smart Meter Deal With Landis_+Gyr
AEP Texas, a division of American Electric Power, just announced that it has signed a contract with Landis+Gyr to have smart meters installed for its customers. Under the terms of the 5 year contract, Landis+Gyr will deliver and install 700,000 smart meters for AEP. According to Reuters, the deal is valued at $75 to $100 million.
From a Landis+Gyr press release, here is more information about the deal along with a quote from Landis+Gyr North … Read the rest
3 Reasons To Invest In The Smart Grid
By Nick Hodge of GreenChipStocks.com
Get your Free Cleantech Report Today!
You can often get a pretty good pulse on emerging cleantech themes by reading the pages of the Green Chip Review.
Going over my articles from the past two months, I noticed a clear trend: water and smart grid are the themes of the day.
And it’s not hard to see why.
The American Southwest and Southeast are three years into the … Read the rest
Itron (ITRI) Dismal Quarter, Down 9%
Companies involved in the smart grid should do very well in the future, but for now the behemoth in this space, Itron (ITRI) will have to wait to benefit. The company just reported an awful quarter reporting an EPS of .33/share missing estimates by .07/share on revenues of $389 million. That’s a 20% haircut on revenues over last year and a 60% plunge in earnings.
The CEO understated the poor the quarter, calling it “soft”. … Read the rest
Miami To Get Smart Grid As GE (GE), Florida Power and Light (FPL), Cisco (CSCO) And Silver Springs Team Up
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
Itron (ITRI) Subsidiary Actaris Gets Another Middle East Smart Metering Deal
Itron (ITRI) subsidiary Actaris announced this morning a deal with Abu Dhabi Water & Electricity Authority for 140K smart electricity meters which will be deployed across the Emirate of Abu Dhabi and fully integrated in an AMR fixed network . This is a follow on contract after a successful implementation of 60K meters that allows ADWEA to remotely access all metering and operating data and instantly vaults Actaris to the throne as the largest smart … Read the rest
Echelon (ELON) Surges on Cantor Fitzgerald Buy Recommendation
Echelon (ELON), a significant, but unprofitable player in the smart metering industry, surged 13% today with decent volume following a BUY initiation and price target of $9.50 from Cantor Fitzgerald. According to the StreetInsider.com, Cantor had this to say:
“The shares are trading close to their 52-week low in a challenging equity market. We believe the company has strong growth prospects in 2010 and beyond as the world moves to upgrade its electric grids … Read the rest