Echelon Corp. announced that they have teamed with Oracle to help utilities better manage outages, protect revenue, offer demand response, and offer prepayment options. The Oracle Utilities Smart Grid Gateway integrated with Echelon’s smart metering solution is said to allow utilities to quickly and reliably deploy multiple applications to manage their assets and customers.
"European Union member states are required to have 80 percent of consumers equipped with a smart meter by 2020," said Bastian Fischer, Vice President Industry Strategy, EMEA, Oracle Utilities. "Utilities need to act now even though regulations, standards and available technology will change, so they are looking for an open, multi-application solution that will grow with them over time. Oracle and Echelon are pleased to offer a highly flexible solution that is adaptable to changing customer, operations and regulatory needs."