San Jose, Calif. and Sao Paulo, January 14, 2010 — Echelon Corp. agreed with ELO Sistemas Eletronicos to develop and market smart electricity meters based on Echelon’s Networked Energy Services smart grid infrastructure solution.
This agreement expands on the NES value-added reseller relationship announced in November of last year.
The parties will initially focus on the Brazilian and select Latin American smart meter markets, representing over 100 million electricity meters. ELO holds an estimated 40 percent of the market share in Brazil as a supplier of digital electricity meters.
In October of this year Brazil’s energy regulator, Aneel, announced tentative plans for a nationwide rollout of advanced metering, expecting to replace about 63 million electricity meters in the country with smart meters by 2021.
“The Brazilian market is on the verge of a very exciting transformation,” said Marcos Rizzo, ELO’s vice president of business development. “2010 will be an important year for development, and we plan to work aggressively to have meters approved and in production to support the large-scale rollouts that we see starting in 2011.”
Echelon’s NES smart metering infrastructure solution enables a scalable and integrated system of advanced electronic electricity meters accessed via a Web services based network operating system over an IP networking infrastructure.
NES technology is used by utilities worldwide in Austria, Denmark, Finland, Germany, Italy, The Netherlands, Russia, Sweden, Switzerland, the United States, and other countries.