Rochester, NY 8/10/2009 10:17:01 PM
Echelon Corporation ELON, Echelon and Duke Plan for the long haul
Echelon Corporation
Smart move with smart meters as Echelon Corp enters long-term agreement with Duke Energy.
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Initially the deal totals $15.8 million and deliveries are expected to begin end of this quarter, according to Echelon
Smart meters transmit data back to the utility company, while also allowing household to monitor usage. This agreement represents the potential of approximately $150 million.
Duke Energy is the number 3 electric power company in the US, and plans 700,000 meters (smart) installed in Ohio. The company is seeking authorization from the Indiana Utility Regulatory Commission for its smart grid technology, this according to Echelon.
This is step one of what experts predict will be the dawning of a new age of "smart" appliances and electric powered vehicles.
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