Dive Summary:
- The US-based company Echelon has reached an agreement with Brazil's ELO Sistemas Eletrónicos to provide new smart energy systems for Brazilian utilities.
- Echelon expects Brazil to invest $17.1 billion in smart meters by 2020 with 63 million units installed by 2021.
- The company received regulatory approval from the Brazilian government to act as a supplier last October.
From the article:
US-based energy control networking provider Echelon says Brazil is on target to invest US$17.1bn in the smart meter market by 2020.
The company believes local utilities have embraced the new technology after the federal government revealed it expects Brazil to install 63mn smart meters by 2021. ...
