This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GridSense, An Acorn Energy Company, Announces Another Order With A Large Midwest Utility

SACRAMENTO, Calif., Nov. 14, 2013 /PRNewswire/ -- GridSense, an Acorn Energy Company (NASDAQ: ACFN), announced that a large Midwestern utility recently concluded a year-long pilot of the LineIQ ® monitoring solution for older distribution substations. During the pilot, LineIQ not only demonstrated  its efficacy at providing load profile and other information to help the utility gauge substation health, but also its ability to do so at a fraction of the usual metering cost. As a result, the utility has ordered 150 LineIQ units for deployment to more than 50 sites over the next year.


Lack of substation intelligence is a major problem at US utilities. Many of these substations house aging and vulnerable transformers. In order to guarantee the safety and reliability of the power supply, utilities need to monitor the transformer load profiles in order to identify substations that are at or near capacity; that is, if they're running "hot."  

At approximately $5,000 for a set of 3 LineIQ Sensors and remote communications, the solution can be a fraction of the cost of many substation automation projects, which can easily run up to twenty times as much. With substation intelligence at the top of most utility's smart grid to-do lists, the market potential for this highly cost-effective application is significant.

"As evidenced by this and other recent announcements, GridSense is starting to gain momentum not only in securing pilots, but in converting them to larger scale rollouts.  We believe this LineIQ rollout also validates GridSense's recently updated strategy, said Joe Musanti, President & CEO of GridSense.  "This order is a testament to the focused efforts of our relationship managers as they hone in on our high-value pilots as well as our customer support team who have really put on a full-court press to meet the customer's specific requirements.  Our approach should help deepen our customer relationships, help ensure both successful pilots, and result in additional system rollouts. "

About GridSense GridSense is a smart grid technology company dedicated to providing innovative, practical and cost effective monitoring solutions to the electric power industry. Utilizing in-depth industry knowledge and understanding of utility requirements, we provide technology and services that help the industry address the limitations of old and aging infrastructure. We apply experience and technical know-how with new insight and ideas to create intelligent, reliable and leading edge technologies that add value to our customers and shape the future of the modern electrical power system. For more information visit (

About Acorn Energy, Inc. Acorn Energy, Inc. is a holding company whose four portfolio companies help their customers achieve greater productivity, reliability, security, and efficiency—factors which can lead to greater profitability.  GridSense provides monitoring for all critical points along the electricity delivery system. OmniMetrix remotely monitors emergency back-up power generation systems to increase their reliability. US Seismic supplies fiber optic sensing solutions to increase oil/gas production and lower costs. DSIT provides security solutions from underwater threats to naval and marine based energy assets.  For more information visit:

Safe Harbor StatementThis press release includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that Acorn Energy, Inc. or its operating companies will continue to grow their respective businesses, or that any of them will meet the expectations or execute the initiatives described or referred to above. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally and the businesses of its subsidiaries is included under "Risk Factors"" in the Company's Form 10-Q for the third quarter of 2013 filed by the Company with the Securities and Exchange Commission.

Company Contact: Walter CzarneckiVP Business DevelopmentTel: 302-245-8743Email:

Investor & Press Contact: F. Kent LeacockVP External AffairsTel: 925-698-1431Email:

SOURCE Acorn Energy, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,831.28 +54.85 0.33%
S&P 500 1,981.36 -5.69 -0.29%
NASDAQ 4,747.8880 -33.3760 -0.70%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs