Networked Energy Services Invests in the Future of the Smart Grid Industry
As the smart metering and smart grid markets continue to converge, NES is prepared to meet the expanding challenges of utilities around the world.
San Jose, CA, October 24th, 2016: Networked Energy Services Corporation (NES), a global smart grid solution provider with the industry’s leading Energy Applications Platform (EAP™), announced today its vision for fulfilling the ever changing needs of the utility market. NES has made a variety of investments both in its organization and its product offerings in order to expand its capabilities.
The strategy began with identifying the ideal group of investors that are committed to the success of both NES and its customers. NES currently has a new group of investors, including Cedrus Enterprises Holding, who are strategically aligned and focused with a long term strategy to enable and accelerate utility transformation by creating a smarter, more secure, reliable and safer grid. NES was formed about two years ago as a result of the spinoff of Echelon Corporation’s Grid Modernization Division in October 2014.
NES has proven over the years that it is committed to research and development and creating new and enhanced products for customers. Over the last few years, NES has invested another $30 million for R&D in order to further develop new products and solutions. NES has expanded its engineering group and now has R&D centers in the Silicon Valley (San Jose, CA), Europe and the Middle East. NES’ R&D projects have led to a new generation of secure smart metering technology, communications and an Energy Applications Platform for grid intelligence.
NES has also invested in its people. The organization has added 60 new employees during the past year. The additional staff is being utilized to assist with implementing the company’s R&D initiatives, providing new services and solutions, and supporting new and current customers. NES professional software and services organization’s new competencies now include turnkey smart metering solutions management, as well as, customized smart grid services for clients.
NES is also expanding its manufacturing capabilities to meet increase regional demand. Earlier this year, NES announced that it had relocated its production facility from Asia to Poland in order to be closer to its customer base. In continuing that theme, NES is now planning to add production facilities in other regions including the Middle East and North America.
“We are thrilled about our improved organization’s capabilities and excited about the increased opportunities to help our utility customers achieve their objectives,” said Michael Anderson, NES Group President and CEO. “We have an outstanding group of investors, partners and employees that are all committed to exceeding the expectations of our customers and continuing our emphasis that results matter.”
About Networked Energy Services Corporation (NES)
Networked Energy Services Corporation is a global smart energy leader in the worldwide transformation of the electricity grid into an energy control network, enabling utilities to provide their customers with a more efficient and reliable service, to protect their systems from current and emerging cybersecurity threats, and to offer innovative new services that enable active, intelligence use of energy. NES was formed as a result of the spinoff of Echelon Corporation’s Grid Modernization Division in October 2014. NES is headquartered in the US with R&D centers located in Silicon Valley, North Dakota and Poland, and sales offices throughout the world. NES’ smart grid technology is used in nearly 40 million smart meters and other smart end devices around the world. NES is a member of the OSGP Alliance, a global association of utilities and smart grid companies, which promotes the Open Smart Grid Protocol and cooperates to provide utilities greater value by enabling true, independently-certified, multi-vendor interoperability based upon open international specifications and standards. You can find out more information about NES, its Patagonia Energy Applications Platform (including grid management software, distributed control nodes, and smart meters) and services at: www.networkedenergy.com.