SOURCE: Enporion


December 02, 2009 14:04 ET

Enporion Customers Awarded $247 Million in Smart Grid Grants

TAMPA, FL--(Marketwire - December 2, 2009) - Enporion, e-marketplace to the utility industry, has several utility customers who were awarded over $247 million dollars of the $3.4 billion in government grants that will help build a smart grid. The grants range from $400,000 to $200 million, and will go to 100 companies, utilities, manufacturers, cities and other partners in 49 states. Primarily the projects are focused on the areas of Advanced Metering, Customer Information Systems and improvements to the electrical infrastructure. The utilities are buyers in the Enporion e-marketplace where electronic procurement and sourcing are offered in a Software-as-a-Service environment.

Enporion's headquarters are in Florida, the state that had the largest increase in advanced metering penetration, from less than one percent in 2006 to 10.4 percent in 2008, according to a report from the Federal Energy Regulatory Commission and the Institute for Electric Efficiency. Suppliers are lining up to transact electronically with the utilities. Itron, Landis+Gyr and GE are leading in deals for next-gen smart meter contracts according to the report.

About Enporion

Enporion is the e-marketplace to the utility industry buyers and suppliers. The company offers supply chain management solutions and services that focus on providing strategic e-sourcing and e-procurement software solutions, and related professional services. Enporion's customers in the gas and electric utilities, manufacturing and distribution industries represent over $100 billion in annual revenues and $10 billion in spend. Enporion's Supply Chain Manager® includes electronic RFx, e-auctions, e-procurement, catalog management, supplier on-boarding, spend reporting, and contract management, all delivered in a Software-as-a-Service (SaaS) environment.

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