SAN JOSE, Calif., Feb. 28, 2002 — Frost & Sullivan has awarded ABB Inc. the 2001 Market Engineering Internet E-Commerce Innovation Award for its Energy Profiler Online (EPO), an energy cost management system.
Frost & Sullivan presented the award to ABB Inc. Thursday at the DistribuTECH 2002 conference in Miami Beach.
EPO provides electric and utility commercial and industrial (C&I) customers with load profiles, usage history charts, statistics for multiple locations and estimated bills in order to make cost effective energy choices. ABB hosts the entire web-based application so customers do not need additional staff, hardware or software.
The service is also used as a communications platform for managing load curtailment and real-time pricing programs. EPO is currently in use at over 20 utilities across North America.
According to new market information from Frost & Sullivan, E-commerce Strategies for Utilities, ABB is one of the first companies to bring this technology to market as a packaged product and is the market leader in the utility industry.
“ABB’s EPO system can be integrated with automated meter reading (AMR) devices to provide customers with real time consumption reporting, giving the company competitive advantage,” says Roberto Torres, Frost & Sullivan industry research manager. “The system is accessed through the utility’s web site, so it maintains control of the service, thus propelling the entity into a future market leadership position.”
“We’re very pleased to receive this award,” says Hisham Othman, ABB Vice President and General Manager of Business Management Systems. “We’ve had a great response from the market, and this award confirms our belief that providing customers with the means to manage energy costs is a recipe for success in the retail energy arena.”
ABB’s Business Management Systems group provides IT solutions for energy retailers, wholesalers and central market exchanges.
ABB (http://www.abb.com ) is a global provider of power and automation technologies that enable utility and industry customers to improve their performance while lowering their environmental impact. ABB has 160,000 employees in more than 100 countries.
About Frost & Sullivan
Frost & Sullivan, an international strategic market consultant and trainer, presents Market Engineering Awards to companies that demonstrate the diligence, perseverance, and dedication required to develop a successful business plan and excel in the increasingly competitive global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine Market Engineering Award recipients in a variety of regional and global market landscapes. Founded in 1961, Frost & Sullivan is headquartered in San Jose, CA with offices located worldwide. For further information, visit http://awards.frost.com .