Smart meter firm Echelon eyes Russia

Moscow, June 14, 2012 — Echelon is looking to double smart meter sales in the Russian market next year by taking advantage of the Russian Federation's desire to increase energy efficiency.

Prime Minister Dmitry Medvedev said he wishes to improve energy efficiency by modernizing Soviet-era companies. Medvedev said these companies are only about 10 percent as energy efficient as companies operating in other countries.

Echelon, which operates in Russia in partnership with local firm EnergoAuditControl, said it should sell 200,000 meters in Russia next year, up from 100,000 in 2012, as other businesses follow state-owned Russian Railways in using the devices to measure their electricity use more accurately.

Russian Railways installed Echelon's smart meters in power stations across its sprawling network, helping it measure how much electricity it is using and detect and counter power surges.

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