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News
Echelon And ELO Focus On Latin American Smart Meter Market
Echelon Corporation has entered into a technology licensing agreement with ELO Sistemas Eletronicos (ELO) under which ELO will develop and market smart electricity meters based on Echelon`s Networked Energy Services (NES) smart grid infrastructure solution.
The parties intend to initially focus on the Brazilian and select Latin American smart meter markets, representing over 100 million electricity meters. ELO is the leading supplier of digital electricity meters in the Brazilian market, with an estimated 40% market share.
In October of this year Brazil`s energy regulator, Aneel, announced tentative plans for a nationwide rollout of smart metering, expecting to replace approximately 63 million electricity meters in the country with smart meters by 2021.
"With nearly 30 years of local experience and the largest meter market share in the county, ELO is an ideal partner for establishing the NES system as a market-leader in Brazil and throughout Latin America," says Michael Anderson, Echelon`s senior vice president, NES sales and market development.
"Based on our experience of deploying utility-grade solutions to the leading energy suppliers in Latin America, we believe that basing our smart grid product line on the NES system will best serve the needs of our customers and best position us to maintain—and expand—our market leadership," says Marcos Rizzo, ELO`s vice president of business development. *
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