Itron (ITRI), the “Microsoft of smart metering” is likely to be a big winner in the coming years as the Obama administration pushes for greater efficiencies but for now growth continues to deteriorate. After years of significant growth in ’05, ’06, ’07 and most of ’08, the company appears headed for a year of flat to negative growth here in 2009. I personally think that just creates an outstanding opportunity once the correction in the … Read the rest
Tag Archives: Smart Meters
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
Badger Meter (BMI) A "Bellwether Of Growth In the Water Industry"
Badger Meter (BMI), which the CEO calls a “bellwether of national trends to measure and conserve water” reported earnings results last night and have the results to back it up. The company reported and EPS of .42/share which represents a 50% bump over the year ago quarter and smashed estimates of .26/share. Revenues came in at $67.6 million, beating estimates of $60 million which is an 18% increase over the year ago quarter.. Not exactly … 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
Industrial Defender To Partner With Itron (ITRI)
Industrial Defender and Itron are working together to offer Security Event Management for Itron’s OpenWay smart meter system. Industrial Defender’s security technology will be used to manage the data from Itron’s meters, allowing Itron to provide enhanced security to electricity providers using their system.
From MSNBC, here’s what leaders at both companies had to say about the importance of the deal:
… Read the restAdvanced metering infrastructure has the potential to significantly transform key aspects of the utility
Itron (ITRI) To Sell Nighthawk (NIHK) Wireless Power Control Products
Itron (ITRI) and Nighthawk (OTCBB:NIHK) have announced a partnership that allows ITRI to promote, market and sell Nighthawk wireless power control products to its utility customers. Nighthawk’s products will complement ITRI’s automated meter reading product, ChoiceConnect which provides utilities with the ability to connect, disconnect or reduce power to customers based on meter readings remotely.
“Itron certainly recognizes the potential value of combining Nighthawk’s growing wireless control capabilities with our ChoiceConnect suite,” said Philip Mezey, … Read the rest
Badger Meters (BMI) Reports Increased Profits But Still Performs Below Expectations
Badger Meters reported that its third-quarter income rose by 1.3 percent yesterday, as noted by the Business Journal. According to Badger Meter chairman, president and CEO Richard Meeusen, the disappointing result was caused by increased demands for Badger’s utility products and commercial water meters being balanced out by a slowing of demand for its industrial products.
According to the Business Journal,
… Read the restBadger Meter (NYSE: BMI), based in Brown Deer, reported Wednesday that net
Bail-out Bill Includes New Tax Breaks For Utilities Installing Smart Meters
In addition to the investment tax credits for alternative energy, the bailout bill also included new tax breaks for utilities installing smart meters. "Smart meters," which allow utility companies to more effectively price power according to demand and thus encourage more efficient use of power by consumer, cost $120-$200 each, and that cost has been an obstacle to large utilities who want to implement them over their customer base.
The tax credits are worth $915 … Read the rest
Southern California Edison (SCEQ) To Post Final License Agreement For Business Use Of Patented Smart Meters
Southern California Edison applied for a patent on smart meters last year. While it is a little nerve-wracking to have one company patent business use of a technology that’s crucial to helping Americans use energy more efficiently, Southern California Edison appears to be acting with good intentions. According to Earth2tech.com, the utility says that it requested the patent as a protective measure, to keep other companies from patenting business use of the smart meter … Read the rest
Idaho Power (IDA) Signs Deal To Buy Smart Meters For Residential Customers
IDACORP’s public utility Idaho Power just announced that is has signed a $10 million deal with Landis+Gyer to purchase 450,000 of their residential smart meters. The meters have several advantages over traditional meters: they can track usage and help utilities plan ahead, they allow utilities to charge more during peak hours of use and less during off-peak hours, they allow customers to sell power they generate back to the utilities, and they don’t require a … Read the rest