Echelon Selected for Smart Grid Gotland Project
Echelon to provide its Edge Control Node, Grid Sensors and Meters During 2013; Applications Include Transformer Monitoring, Outage Detection, Load Management and More
SAN JOSE, Calif., February 7, 2013 – Echelon Corporation (NASDAQ: ELON), the world’s leading energy control networking solution provider, today announced that it has been selected for the project Smart Grid Gotland. This project is a large-scale, pioneering smart grid technology demonstration on the island of Gotland, Sweden. It is a joint venture between Vattenfall, Gotland Energy, ABB, Swedish National Grid, Schneider Electric, Royal Institute of Technology and partly financed by the Swedish Energy Agency.
Echelon will provide its Edge Control Node, its Control Operating System (COS) based application platform and 3,000 advanced grid sensors, which also provide smart metering functionality. The first applications to use Echelon’s solutions include smart metering, power quality monitoring and analysis, transformer monitoring, outage detection, load management, and related analytics applications using NES system software.
“The Smart Grid Gotland project is the perfect way to showcase how a utility with a clear plan for the future can trial new grid applications and quickly reap meaningful benefits for its customers,” said Michael Anderson, senior vice president, Worldwide Markets, at Echelon. “Echelon is excited to play an important role in this project to help modernize Sweden’s grid and integrate new applications that will improve grid reliability, efficiency, and performance.”
The project will be a showcase for the world by demonstrating how new smart grid technologies can improve the electrical quality of large rural grids by utilizing large quantities of distributed power generation and advanced load management strategies. Echelon was selected based upon its smart meter technology, which will increase overall grid quality, efficiency and reliability, as well as integration and management of renewable energy sources. The Smart Grid Gotland project began in the fall of 2012 and will run until 2015.
As part of the project, Echelon smart meters provide hourly meter reading; two-way communication for surveillance of the low voltage grid for power quality and power outage data; substation monitoring; measurement of energy fed into the grid; interface to a distribution management system/supervisory control and data acquisition (DMS/SCADA) system; interface to a customer web-portal; and interface to a home area network (HAN).
About Echelon Corporation
Echelon Corporation (NASDAQ: ELON) is an energy control networking company, with the world's most widely deployed proven, open standard, multi-application platform, selling complete systems and embedded sub-systems for smart grid, smart city and smart building applications. Our platform is embedded in more than 100 million devices, 35 million homes, and 300,000 buildings and it powers energy savings applications for smart grids, smart cities and smart buildings. We help our customers reduce operational costs, enhance satisfaction and safety, grow revenues and prepare for a dynamic future. More information about Echelon can be found at http://www.echelon.com.
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This press release may contain statements relating to future plans, events or performance. Such statements may involve risks and uncertainties, including risks associated with market acceptance of Echelon’s technology by itself or combined with other applications or offerings, the risk that Echelon’s offerings by themselves or combined with other applications or offerings do not perform as designed or do not offer the expected benefits and savings; risks associated with international sales; the timing of orders and the possibility that the project could be cancelled or that Echelon will not receive orders for a full deployment; and other risks identified in Echelon's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Echelon undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.